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Pennsylvania poker rooms collect $4.8 million in Nov

Pennsylvania poker rooms collect 4.8 million in Nov

Pennsylvania Gaming Control Board has revealed that the state’s 10 poker rooms have collected $4.8 million revenue in the month of November.

According to the regulators, the revenue of the last months is higher compared to the October month. Pennsylvania Poker Rooms collected $4.76 million in rake in October 2017. Although, compared to November 2016’s $4.87 million in rake, the November revenues have decreased by 1.4 percent.

As of November, there are 230 poker tables in the poker rooms across the Pennsylvania state. Pennsylvania poker operators might resort to online poker, which was approved earlier in October. Online poker sites would be regulated by the Keystone State and are expected by the second half of 2018. As per estimates, online gambling can generate nearly $300 million in additional gambling spend.

Since Pennsylvania started Las Vegas-style casino table games in 2010, the poker rooms in the state have amassed $426.68 million in revenues. While poker revenue registered losses, total table games revenue at the state’s casinos appreciated by 2.8 percent year-over-year to $72.3 million.

Together with slot machine winnings, the gamblers paid casinos $253.5 million in November, an increase of 1.5 percent. The marginal revenue performance has continued since the start of 2017, with the industry witnessing virtually no growth.

Pennsylvania is set to double the state's number of casinos in 2018, which is estimated to generate more than $100 million, in licensing revenue for the state.

The Pennsylvania Gaming Control Board will hold auctions for the 10 mini-casino licenses on January 10. These mini-casinos must be at least distance of 25 miles of any of Pennsylvania's 12 existing casinos.

The Pennsylvania Gaming Control Board controls and oversees all aspects of the state's casino industry. It abides by the Race Horse Development and Gaming Act recently approved through the signing of Act 42 of 2017.