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PA Casino Table Games: Big Money

by: Rebel - Havertown, PA
started: 07/11/11 10:09 am | updated: 07/11/11 10:09 am

For the Pennsylvania casinos, table games are where the money is. Estimates for June are still being tallied, and table games have already raked in almost a half a billion dollars across the state.
Slot machines are still where the big money is. Slots gambling is on schedule to make well over $2.3 billion this year, with more than $790 million in tax revenue.
And the headline is here in Southeast Pennsylvania where four casinos generate nearly half the state's casino revenue - and 56 percent of table-games revenue.
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With the revenue from June yet to be tallied, table games have already raked in almost half a billion dollars across the state - including more than $64 million to the state coffers.

Hollywood Casino at Penn National Race Course in East Hanover Township has brought in more than $31 million from table games, and revenue from slots is up 1.2 percent, at more than $229 million.

Table games have gone "very well," said Kevin O'Toole, executive director of the Gaming Control Board. "It's reached its expectations in terms of job growth and in terms of gross revenue and tax revenue."

With more than 26,000 slot machines in 10 casinos around the state, slots gambling is on schedule to make well over $2.3 billion this year, with more than $790 million in tax revenue.

The addition of table games made Pennsylvania fully competitive with Atlantic City, most easily seen in the plummeting casino revenue there.

New Jersey casino revenue dropped nearly 6 percent after the opening of slots in Pennsylvania, 7.6 percent again the next year, and 13.2 percent the year after that.

Pennsylvania's three highest-grossing casinos are Parx in Bensalem, Sands in Bethlehem, and Harrah's Chester. Right behind the big three in the east is the Rivers casino in Pittsburgh, consistently fourth as a revenue generator.

SugarHouse has the fewest tables in the state but ranks fifth in table revenue. It opened only in September, but it's a table-games powerhouse, bringing in more than $46 million in nine months.

Table games such as blackjack, roulette, and craps generate considerably more money than poker and are called "banking" tables. SugarHouse has nothing but banking tables.

In May, the 43 tables at SugarHouse brought in $6.6 million, more than the 86 banking tables at Harrah's and the 90 banking tables at Sands. That was $154,000 per table - the highest per-table return in the state by far.

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