Slot revenue down two percent year-over-year
During this nearly year-long slump, the declines on slot revenues are never too drastic. Rather, the alarming part is how consistent these small declines are.
On the individual casino front, both Mount Airy Casino and Valley Forge saw noticeable spikes in slot revenue. Rivers Casino was also up slightly. However, the other nine casinos all posted declines.
Lady Luck Nemacolin dropped to under $3 million in monthly revenue, the lowest of any casino. The number marked an 8.76 percent decline from 2016.
Table games yet agian picked up slot machine slack
The revenue decline in slots was expected. The slight uptick in table games is unsurprising as well.
Overall, table game revenue was up three percent in July. The slots were good to Mount Airy, but the table games revenue was exceptional. The property spiked over 44 percent, taking in $5.1 million. By comparison, in 2016 the casino earned $3.5 million from table games.
The Meadows also experienced a big spike. Its $3.67 million in table game take is a nearly 40 percent jump over last year. Even Lady Luck Nemacolin spiked, up 25 percent.
The news was not all good when it comes to table games though. Valley Forge’s table games dropped over 30 percent, while Mohegan Sun Pocono dipped 13 percent.
Overall casino revenue down, but not by much
Technically, state casino revenues are down from 2016. However, the difference is pretty minsicule. The 12 casinos collectively took in $286,980,400 last month, compared to $288,451,402. That amounts to a mere -.5 percent decline.
A closer look reveals that eight of the 12 properties were down year-over-year. Given its massive month, Mount Airy made up for much of the difference with a 13 percent jump in overall revenus. It took in $19.8 million compared to 2016’s $17.4 million.
The other three properties trending up saw much smaller differences. Parx claimed the overall top spot on the list thanks to a 4.69 percent bump. It also helped that last year’s top property, Sands Bethlehem, experienced a 3.7 percent decline. Rivers was up almost two percent, while The Meadows was effectively static in revenue.
Presque Isle Downs topped the list of losers with a nearly seven-percent decline. The other casinos trending downward are as follows:
- Mohegan Sun Pocono: -5.94 percent
- Lady Luck Casino: -4.99 percent
- Harrah’s Philadelphia: -4.94 percent
- Valley Forge Casino: -4.81 percent
- Sands Bethlehem Casino: -3.72 percent
- SugarHouse Casino: -1.81 percent
- Hollywood Casino: -1.43 percent
Overall, casino revenue has been fairly stagnant since 2011. Though there were slight increases, it seems like 2017 will likely be a downward dip. The bigger question is how far casinos will dip before turning things around.