Posts Tagged ‘slot revenue’

Rakin’ it In

Wednesday, January 16th, 2008

Is number one good? Being in first place is good, right? Well, Mohegan Sun’s PA slot parlor should know. They ranked number one in a list of East Coast slots for revenue last year. After only one year and they’ve already passed Atlantic City’s slot revenue on a per machine basis. Mohegan Sun currently operates 1,203 slot machines - each of which are pulling in just over $400 a day. Furthermore, Philadelphia Park, PA ranked 3rd, while Meadows Racetrack and Casino and Harrah’s Chester Casino and Racetrack rounded out the top five respectively. Not bad for their first year!

So what does that translate into as a whole for the Pennsylvania Gaming industry? Well, according to the PGCB pulled in $1.04 billion last year, resulting in $572 million in taxes that will go towards property tax relief for PA’s citizens. Not exactly insignificant. Opponents in Philly are gonna be hard pressed to change the state’s course with results like that.