Georgia Gaming Market Assessment - Pennsylvania Treasury

Suburban Philadelphia Performance: 2003 Report vs. 2010 Actuals
Projected 2006 Actual 2010 Adjusted* Difference
Slot Revenues $541,277,566 $694,646,797 $670,155,763 23.8%
# of Slots 5,500 6,297 6,297 14.5%
# of Facilities 2 2 2 0.0%
WPU $270 $302 $292 8.1%
Source: PGCB; Innovation Group. *Annualized most recent performance (Jan-April) to account for impact of SugarHouse
With early starts at Mohegan, Penn National, and Mt. Airy, and a higher level of development in
the Poconos, the remainder of the Eastern Region has been able to ramp up significantly. As a
result, revenues are 45% higher than projected.
Eastern Region Excluding Philadelphia Area: 2003 Report vs. 2010 Actuals
Projected 2006 Actual 2010 Difference
Slot Revenues $606,878,373 $880,714,051 45.1%
# of Slots 8,500 10,297 21.1%
# of Facilities 4 4 0.0%
WPU $196 $234 19.8%
Source: PGCB; Innovation Group.
Revenues in the Poconos are double the projections, with development nearly 60% higher. The
regional operating experience of Mohegan Sun has enabled Pocono Downs to reach into the
northern New Jersey and New York, with a heavy busing program into those markets. As shown
previously, Pocono Downs is enjoying revenues 2.5 times higher than projected.
Poconos (Mohegan and Mt. Airy): 2003 Report vs. 2010 Actuals
Projected 2006 Actual 2010 Difference
Slot Revenues $182,866,713 $368,574,215 101.6%
# of Slots 3,000 4,765 58.8%
# of Facilities 2 2 0.0%
WPU $167 $212 26.9%
Source: PGCB; Innovation Group.
The overlapping markets of the Poconos and Bethlehem have revenues 48% higher and a level of
supply 31% higher.
The Innovation Group Project #054-11 August 2011 Page 50