Non-tribal Florida casinos reported a big increase in slot machine revenue last month, reaching $60.1 million.
This is a good-sized jump from the $54.9 million generated in the same month of 2024. This 9.4% growth highlights a solid performance despite operating in a competitive market constrained by legal restrictions.
According to the latest figures from the Florida Gaming Control Commission, seven out of the eight casinos in Florida made more money this August compared to the same time last year. Two of these casinos earned over 10 million dollars in slot revenue for the month.
These casinos are concentrated in pari-mutuel facilities, primarily in Miami-Dade and Broward counties. They operate under strict regulations set by the Commission. One of the key limitations they face is the exclusive gaming rights held by the Seminole Tribe of Florida for table games and broader electronic gaming, which makes their success even more noteworthy.
With just eight non-tribal casinos in Florida, the market is relatively compact. Yet, these facilities manage to generate significant slot revenues, even while competing with larger and more varied gaming options from tribal casinos.
Lawmakers are also still discussing potential restrictions on sweepstakes casinos.
Which Florida Casinos Generated The Most Revenue?
Magic City Casino and Harrah’s Pompano Beach are typically among the leading revenue generators in the state, and this month was no different.
Magic City Casino brought in the most money from slot machines last month, earning about $13 million. This represents a significant increase of around 35% compared to the $10 million it generated in the same month last year.
It's also up nearly $1 million from July.
Harrah’s Pompano Beach also did well, with its slot revenue going up from $10 million to roughly $10.6 million, marking an increase of about 8% from the previous year.
The more than $500,000 also generated nearly $3.7 million in tax revenue for the state.
Tax Revenue Goes to Public Education
A significant portion of the revenue generated by these casinos is taxed at a hefty 35%.
The tax revenue goes to Florida’s Educational Enhancement Trust Fund, which provides essential support for public education. While non-tribal casinos are a smaller segment of the state’s gaming industry compared to tribal casinos, their contributions to the local economy and job market are substantial.
Florida Casino Revenue Increase Part of a Larger Trend
Slot machine earnings at these casinos have been moving up steadily over the past few months.
This growth is happening while state officials work hard to enforce gambling laws and close down illegal gambling spots. Despite the challenges, these non-tribal casinos are managing to thrive in an environment heavily dominated by the Seminole Tribe’s larger operations.
The $60 million figure they generated in August shows strong growth compared to last year. As Florida keeps tightening its gambling laws, these casinos are proving to be tough and important players in the state's gaming scene.
