Pennsylvania Casino Market Contracts In 2014Revenue Falls 1.44 Percent Compared To 2013 |
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It’s still among the best in the country, but Pennsylvania’s casino industry contracted by 1.44 percent in 2014 compared to 2013, state officials announced publicly this week.
It’s the second-straight year that Pennsylvania casino revenues have dropped year-over year. Gaming revenue for 2014 was just over $3 billion. Not long ago, Pennsylvania overtook neighboring Atlantic City.
The state has 12 casinos. Late last year, Pennsylvania regulators approved a new casino for Philadelphia. Litigation is going to delay construction of it, though.
Before 2013, the state had seen six straight years of year-over-year growth.
A total of $750 million came from table games last year, while slots accounted for $2.3 billion.
Pennsylvania is the number two commercial gaming market in the U.S. behind Nevada, but California is larger than Pennsylvania if you factor in California’s huge tribal gaming industry.
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