Pennsylvania slot machines eke $2.35B revenue in FY 2017-18

Gross revenues of Pennsylvania casinos slot machines inched up by 0.7 percent during the state’s most recent fiscal year, according to Pennsylvania Gaming Control Board (PGCB).

Financial data provided by the state gambling regulator showed that the combined slot machine revenues of Pennsylvania’s 12 casinos rebounded a tad bit to $2.35 billion in the fiscal year that ended June 2018, from $2.33 billion in the fiscal year 2016-17. However, the total slot machine revenue for FY2017-18 wasnowhere near the $2.5 billion peak that Pennsylvania saw in FY 2011-12.

Meanwhile, tax revenues generated from slot machine play dropped for the second consecutive fiscal year by as much as 3.5 percent to $1.19 billion in FY 2017-2018 from $1.23 billion during the previous fiscal year.

At least five of the 12 casinos report year-on-year slot machine revenue gains in FY 2017-18, with Valley Forge Casino Resort leading the pack. Data showed that Valley Forge’s slot machines were sizzling hot with gross revenues climbing by 8.05 percent to $86.67 million in the most recent fiscal year from $80.23 million in the previous year.