RubinBrown Gaming Stats 2012

National Table Games Revenue Analysis

Table Games Revenues by State When examining table games revenues by state, Pennsylvania and West Virginia saw dramatic increases in table game revenues compared to the overall revenue growth seen on page 3. Both states introduced table games in 2010, resulting in 2011 as the first full year both states offered table games. Counter to the substantial increase seen in the Pennsylvania market, the neighboring New Jersey market saw a 10.4% decline in table games revenues. The decline in New Jersey table game revenues illustrates the challenges Atlantic City will continue to face

in the coming years. With increased gaming options outside New York City and Philadelphia, the ability for Atlantic City to attract

patrons continues to become increasingly difficult. Revenues per Table Game per Day

Counter to the trends observed in the EGD revenues, revenues per table game have a higher correlation to population centers than to number of units. In 2011, the top three states in terms of number of tables, Nevada, New Jersey, and Pennsylvania, produced the fourth, second, and third highest revenue per table amounts, respectively. Meanwhile, the states with casinos located in less populated areas produced the lowest revenues per table. In analyzing table game revenues, additional trends were noted: • In 2011, Illinois surpassed New Jersey, generating the most revenue per table game per day, recording $2,321 per table game. • Kansas, Pennsylvania, and West Virginia posted the largest increases in revenues per table, each state was in its first full year of offering table games. • Indiana table game revenues per unit declined by 1.2% between January and June; however, after the opening of the new Illinois Chicago casino, Indiana table revenues per unit declined 10.3% from July to December.

Table Games Revenues by State 1,2

2010

2011

% Change

Colorado

$75,260,952

$76,369,178

1.5%

Illinois

$171,550,000

$205,700,000

19.9%

Indiana

$386,640,674

$359,451,204

-7.0%

Iowa

$116,958,266

$125,768,376

7.5%

Kansas

$5,741,528

$6,862,840

19.5%

Mississippi

$311,275,253

$303,130,496

-2.6%

Missouri

$202,003,110

$205,321,976

1.6%

Nevada

$3,768,151,688

$3,963,258,628

5.2%

New Jersey

$1,087,696,250

$974,783,906

-10.4%

Pennsylvania

$212,473,870

$619,180,927

191.4%

South Dakota

$8,769,134

$8,911,243

1.6%

West Virginia

$139,039,353

$220,112,741

58.3%

1 Louisiana and Michigan were excluded from the analysis as gaming is not broken down between electronic gaming and table games. 2 Maryland was excluded from the analysis as the state has only legalized electronic gaming devices.

7 RubinBrown - Commercial & Tribal Gaming Stats 2012