Pennsylvania Casino Industry Sets Record In 201612 Casinos Statewide Win Combined $3.2 Billion From Gamblers |
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Pennsylvania’s casino gambling market inched up by 1.25 percent to $3.2 billion in 2016, according to figures released Tuesday by state regulators.
That’s a record high for the 10-year-old industry. However, gaming revenue has been at about $3 billion since 2011. After a decade of legalized casino gaming in Pennsylvania, total gross gaming revenue generated since the first casino opened in late 2006 now totals nearly $26 billion, according to the state.
Tax revenue in 2016 from the combined play of slot machines and table games was nearly $1.4 billion. Revenue returned to Pennsylvania in the form of taxes and license fees since the first casino opening was about $13.3 billion.
In 2016, $2.36 billion was generated by slot machines, while $853 million came from the table games, which was a record. There are about 26,000 slot machines and 1,200 table games statewide.
Despite the record-breaking year for the Keystone State casino market, lawmakers are looking for ways to find more growth. The state failed at legalizing online gaming in 2016, but a new bill is in the pipeline for this year.
The state estimates that online casinos could grow the market by $300 million.
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