RubinBrown Gaming Stats 2013

TABLE GAMES

When analyzing the table game revenues by individual state, the growth rate in table game revenues does not follow the overall state-wide growth rates, as seen with the EGD growth rates. The increased fluctuation between table game revenue growth and overall gaming revenue growth is attributed to table game revenue only making up approximately 22.1% of all comparable gaming revenues. For example, if a state’s EGD revenues remained unchanged, but table games increased by 10%, the statewide increase in total gaming revenues would only be 2.2%. The states with the most significant differences between table games revenue and total gaming revenue growth were Illinois and South Dakota. (Note: This excludes states with casino expansion in 2012.) Illinois table games revenue increased by 27.3%, which was 16.4 percentage points above the 10.9% growth rate in total gaming revenues. The increase is attributed to Rivers Casino operating for a full twelve months in 2012. Excluding Rivers Casino, the average Illinois table game generated $1,867.96 per day. Meanwhile table games at Rivers Casino generated an average daily win of $6,337.50 per table. (Note: Daily win per table game statistics exclude both poker revenues and quantity of poker tables.) South Dakota table games revenue increased by 17.0%, which was 10.6 percentage points above the 6.4% growth in total gaming revenues. The significant increase is due to South Dakota increasing the maximum bet from $100 to $1,000. When analyzing win per table game per day, there is a noticeable trend between the daily table game win and the state’s population. The states with the highest win per table game per day (Illinois, Pennsylvania, and Nevada) have the highest populations and largest metropolitan centers. Conversely, the states with the lowest daily win per table have the smallest populations. Beyond the daily win per table game fluctuations seen in Illinois and South Dakota, the declining win per table game in Pennsylvania was a significant fluctuation for the industry. In Pennsylvania the monthly table game revenues have continuously increased since table games were introduced in 2010. However, the decline in daily table game win indicates the market is reaching a saturation point, where the addition of new tables provides diminished returns.

TABLE GAMES GRAPHS NOTES * Louisiana and Michigan were excluded from the analysis as gaming revenue is not split between electronic gaming devices and table games. ¹ Ohio and Maine introduced table games in 2012. ² Florida, Maryland, New Mexico, New York, Oklahoma, and Rhode Island are excluded as these states limit gaming to slots-only facilities. †† Delaware, Maine, and Ohio were excluded as the table games revenue amounts reported include player- banked poker, which results in an artificially low win per table per day. ‡ Kansas, Maine, West Virginia and Pennsylvania were excluded from the analysis as table games drop is not reported. ‡‡ Delaware and Ohio were excluded as the reported table games drop amounts include player-banked poker, which results in an artificially inflated hold percentage. † Kansas and West Virginia were excluded from the analysis as the quantity of table games is not reported on a monthly basis.

10 | 2013 Commercial & Tribal Gaming Stats