Georgia Gaming Market Assessment - Pennsylvania Treasury
Georgia Gaming Market Assessment - Pennsylvania Treasury
Georgia Gaming Market Assessment - Pennsylvania Treasury
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Performance Comparison with Projections from 2003 Study<br />
Statewide<br />
In 2003, the Innovation Group assessed the revenue potential for slot machines in <strong>Pennsylvania</strong><br />
in a number of development scenarios. The following development scenario from the 2003<br />
study is the closest to what has actually transpired:<br />
Statewide Projections: 2003 Report<br />
# of Machines Win per<br />
Machine<br />
2006 Revenues<br />
Philadelphia Park 3,000 $281.06 $307,763,421<br />
Chester 2,500 $255.91 $233,514,145<br />
Penn National 2,500 $199.69 $182,214,268<br />
Pocono Downs 1,500 $164.66 $90,151,538<br />
Meadows 2,000 $210.04 $153,329,630<br />
Presque Isle 1,500 $207.84 $113,790,574<br />
Philadelphia (2) 6,000 $299.57 $656,058,607<br />
Long Pond 1,500 $169.34 $92,715,175<br />
Pittsburgh 4,000 $252.87 $369,184,791<br />
Allentown 3,000 $220.82 $241,797,391<br />
Shrewsbury 3,000 $299.70 $328,173,298<br />
Total 30,500 $248.70 $2,768,692,839<br />
Source: <strong>Pennsylvania</strong> <strong>Gaming</strong> Control Board; Innovation Group<br />
Of these assumed developments, all but two—Shrewsbury and the second Philadelphia casino—<br />
have been developed in some form. Although Long Pond was not developed, the Mt. Airy<br />
Casino is a proximate location, and a casino was developed in Bethlehem instead of Allentown.<br />
The following table compares the development assumptions in the 2003 report with the current<br />
level of build-out.<br />
The Innovation Group Project #054-11 August 2011 Page 46
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