Georgia Gaming Market Assessment - Pennsylvania Treasury
Georgia Gaming Market Assessment - Pennsylvania Treasury
Georgia Gaming Market Assessment - Pennsylvania Treasury
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number of slots from 1998 to 2008, including an 11% increase in 2008 alone. The number of<br />
machines decreased nearly 11% in 2010 as each facility reduced their number of slots by more<br />
than 175 machines. In the first four months of 2011, slot revenue is down nearly 10% over 2010,<br />
while the number of machines is down 6%. The table below shows Delaware’s slot revenue<br />
history since 1997.<br />
Delaware State Slot Revenue<br />
Year Gross Revenues % Change Units % Change Win/Unit % Change<br />
1997 $298,905,100<br />
2,566<br />
$319.98<br />
1998 $350,821,200 17.4% 2,709 5.6% $355.74 11.2%<br />
1999 $412,493,300 17.6% 3,616 33.5% $313.42 -11.9%<br />
2000 $485,104,300 17.6% 4,899 35.5% $272.06 -13.2%<br />
2001 $526,939,900 8.6% 5,200 6.2% $278.38 2.3%<br />
2002 $565,909,900 7.4% 5,339 2.7% $291.18 4.6%<br />
2003 $501,999,700 -11.3% 5,463 2.3% $252.46 -13.3%<br />
2004 $553,318,700 10.2% 6,337 16.0% $239.90 -5.0%<br />
2005 $579,546,000 4.7% 6,542 3.2% $243.39 1.5%<br />
2006 $651,733,800 12.5% 6,991 6.9% $256.11 5.2%<br />
2007 $612,407,100 -6.0% 7,225 3.3% $232.87 -9.1%<br />
2008 $588,923,000 -3.8% 8,069 11.7% $200.50 -13.9%<br />
2009 $564,239,300 -4.2% 8,077 0.1% $188.29 -6.1%<br />
2010 $466,572,110 -17.3% 7,210 -10.7% $181.27 -3.7%<br />
Jan-Apr 2010 $180,432,810<br />
7,382<br />
$218.23<br />
Jan-Apr 2011 $162,719,800 -9.8% 6,939 -6.0% $197.06 -9.7%<br />
A.A.G. 1997-2010<br />
3.5%<br />
8.3%<br />
-4.3%<br />
A.A.G. 2004-2010 -2.8% 2.2% -4.6%<br />
Source: Delaware Lottery<br />
<strong>Gaming</strong> revenue has historically been highest at Delaware Park, which had revenue of $190<br />
million in 2010. Dover Downs was second with $174 million while Harrington was third with<br />
$102 million. Dover Downs was the largest facility in 2010 with over 2,800 machines, followed<br />
by Delaware Park and Harrington which had approximately 2,500 and 1,875 machines,<br />
respectively. <strong>Gaming</strong> revenues have followed similar trends at each of the facilities over the last<br />
10 years, with the exception of Delaware Park experiencing a more significant drop in revenue<br />
due its proximity to PARX and Chester Downs in <strong>Pennsylvania</strong>. Similar to Atlantic City, gaming<br />
revenue peaked in 2006 at each facility, but has declined each year since, seeing the largest one<br />
year drop come in 2010. Through the first four months of 2011, Delaware Park has seen revenue<br />
fall nearly 14% over 2010 with its number of terminals remaining relatively flat, falling less than<br />
1%. Dover Downs has seen revenue fall more than 6% during the first four months of 2011,<br />
while reducing its number of terminals by nearly 10%. Harrington saw a decline in revenue of<br />
more than 8% through the first four months of 2011 over 2010, while its number of terminals fell<br />
about 7%. The table below shows each facilities performance since 2000.<br />
The Innovation Group Project #054-11 August 2011 Page 57