Valley Forge revenue was up 6.93% in August, to $10,683,577. From the time the policy went into effect last November, the property has reaped nearly $11 million more than it did during the same timeframe last year, an 11.27% gain. Valley Forge, on the other hand, has seen its revenue bolstered since making the investment. The option was made available by the wide-ranging gaming bill passed late last year, but has not been taken advantage of by Lady Luck.

Lady Luck might do well to follow the example of Valley Forge, which spent $1 million for the right to open its casino floor to the general public. In terms of total gaming revenue, the casino was down 4.19% compared with August 2017. The Category 3 casino - the other property to opt out of online gaming - saw a 25% Y/Y decrease at the tables for a total take of $300,906. Resort property Lady Luck Nemacolin had a similarly ugly month, with most of its losses coming at the tables. However, with slots included, total gaming revenue at Hollywood Casino was down just 4.91% Y/Y. The property, recently acquired by Penn National, banked just $1,437,556 in August, less than half of its July take. The Meadows, one of only two casinos to forgo purchasing some category of online gambling license, had a disastrous month on the table games front, posting a year-on-year loss of nearly 59%. Removing their 54% chunk of slot revenue and 16% of table games, regulators have raked in somewhere in the vicinity of $900 million in casino gaming taxes so far this year. The healthy August numbers were enough to push PA casinos past the $2 billion mark for the year, up to $2,195,658,215 to be exact.

Table game revenue, released this week by the PGCB, was down slightly compared with last year, with casinos taking in $73,281,371 for a 1.33% Y/Y decrease. The solid win throughout August was mostly driven by a rare growth in slot machine revenue, which topped out at $201,729,431, a 4.42% year-on-year (Y/Y) expansion.

Last month, the state’s 12 gambling venues banked $275,010,802, a 2.82% increase over the same timeframe in 2017. Ahead of legalized sports betting and online gambling, Pennsylvania’s land-based casino industry is showing positive signs.

Pennsylvania online casino revenue