March a Great Revenue Month for Valley Forge Casino

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A recent report from the Pennsylvania Gaming Control Board has reinforced the notion that, when it comes to casinos, the house always wins.

Gross revenue from gambling at table games across the commonwealth during March 2016 eclipsed the previous high revenue month and was 11.7 percent higher than March of last year.

Montco’s local gambling establishment, the Valley Forge Casino Resort, saw a 26.89 percent increase from the previous year in table revenue, generating $3,196,698 last March, compared with the $2,519,200 it brought in March 2015.

In terms of total revenue, Valley Forge took in $10,031,452 last March, a 6.33 percent increase from the its $9,434,213 haul from March 2015.

The report revealed that, across the state, last March’s gross table games revenue was $77,914,245, compared with $69,770,440 from March 2015.

The previous high-water mark for table games revenue occurred in December 2015 at $72,223,959.

The total tax revenue produced from table games last March was $11,052,726 with an average of 1,178 tables in operation statewide on a daily basis. Table game tax is calculated as 14 percent of the gross revenue.

The increase in table games revenue coupled with the previously reported 1.7 percent increase in slots revenue for March resulted in an overall gaming revenue increase for the month of 4.2 percent over the previous year.

The Pennsylvania Gaming Control Board was established in 2004 and is tasked with overseeing all aspects of the state’s casino industry. There are 10 stand-alone and racetrack casinos in operation, along with the two resort casinos.

These facilities collectively employ over 17,000 people and annually generate more than $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to all Pennsylvania homeowners.

Click here to read more about the Valley Forge Casino Resort’s increase in business from the prior year.

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