Hollywood's slot revenue off 7 percent in November

By - Last modified: December 4, 2012 at 10:33 AM

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While state slot machine revenue in November came in just above last year's monthly haul of $191.9 million, Hollywood Casino at Penn National Race Course posted the second-highest monthly drop of the 11 commonwealth casinos.

The $192.5 million total last month includes the Valley Forge Casino Resort, which was not operating in November 2011. Comparing the 10 casinos, revenue was down 1.9 percent, according to the Pennsylvania Gaming Control Board.

The Dauphin County-based Hollywood Casino, which is operated by Penn National Gaming Inc., reported November slot revenue of $18.3 million, the board said. That is down from $19.7 million in the same month last year — a 7 percent decline.

The Presque Isle Downs and Casino saw the biggest drop in November at 17.9 percent, the board said. The Rivers Casino posted the largest increase at 6 percent.

The commonwealth’s 11 casinos collectively generate about $4 million per day in tax revenue, the board said.

General Fund

Meanwhile, Pennsylvania’s General Fund revenue has totaled $9.8 billion through November, which is $59.1 million, or 0.6 percent, above projections for the 2012-13 fiscal year that started in July.

The state Department of Revenue on Monday reported November collections of $1.7 billion, which was off $23.1 million, or 1.4 percent.

Corporate tax revenue was $48.8 million for the month, or $6 million above estimate. For the year, corporate tax collections are $142.1 million, or 18.3 percent, ahead of the budget, the department said.

Personal income tax is up $18.3 million for the year, while sales tax receipts are off $109.5 million compared with budget projections.

Realty transfer tax revenue is $10.1 million ahead of estimates. Other tax revenue from cigarette, malt beverage, liquor and table games taxes is below projections by $12.5 million through November.

 

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