Georgia Gaming Market Assessment - Pennsylvania Treasury

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