Georgia Gaming Market Assessment - Pennsylvania Treasury
Georgia Gaming Market Assessment - Pennsylvania Treasury
Georgia Gaming Market Assessment - Pennsylvania Treasury
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Finally, new competition that has received legislative approval is inserted into the model for a<br />
baseline 2014 scenario. This baseline 2014 model is the basis of comparison for evaluating the<br />
impact of alternative locations for the remaining two <strong>Pennsylvania</strong> licenses.<br />
The new competition included in this baseline 2014 model includes Nemacolin, Valley Forge,<br />
Aqueduct, AC Revel, Ohio landbased casinos in Cleveland, Columbus, Toledo and Cincinnati,<br />
and Baltimore and Anne Arundel, Maryland. The following table shows baseline 2014 gaming<br />
revenues for the entire market:<br />
Gravity Model Baseline 2014<br />
Gamer Visits Win per Visit<br />
<strong>Gaming</strong><br />
Revenue<br />
(MMs)<br />
Philadelphia 16,170,855 $75.27 $1,217.2<br />
Atlantic City 5,658,969 $74.49 $421.5<br />
Bethlehem 2,972,012 $72.59 $215.7<br />
Central NJ 4,179,115 $92.23 $385.4<br />
Newark 14,128,888 $91.26 $1,289.3<br />
New York 14,997,879 $82.88 $1,243.0<br />
Reading 2,611,161 $78.75 $205.6<br />
Chambersburg-York 1,894,269 $66.06 $125.1<br />
DelMar 6,058,910 $74.07 $448.8<br />
Maryland 21,289,604 $79.00 $1,681.8<br />
Harrisburg 2,940,001 $66.01 $194.1<br />
Central South 191,815 $65.03 $12.5<br />
Poconos 3,904,356 $64.90 $253.4<br />
Catskills 2,065,022 $71.76 $148.2<br />
Williamsport 542,106 $67.65 $36.7<br />
Central North 224,684 $65.16 $14.6<br />
Altoona 582,694 $65.41 $38.1<br />
Pittsburgh Sec East 1,381,474 $67.08 $92.7<br />
Pittsburgh 5,850,457 $72.80 $425.9<br />
WV Primary 832,058 $61.13 $50.9<br />
WV Secondary 558,770 $63.36 $35.4<br />
Erie 1,392,820 $64.04 $89.2<br />
Erie Secondary 948,805 $66.24 $62.8<br />
Ohio Tertiary 2,668,054 $75.09 $200.3<br />
Cleveland 4,764,959 $81.01 $386.0<br />
Newcastle 1,160,355 $69.59 $80.8<br />
Salamanca 993,928 $63.54 $63.2<br />
Total 120,964,020 $77.86 $9,418.4<br />
The Innovation Group Project #054-11 August 2011 Page 78