Pennsylvania Slots Trump Atlantic City - TheStreet

Pennsylvania Slots Trump Atlantic City

Pennsylvania slots are giving Atlantic City a run for its money.
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HARRISBURG, PA. (

TheStreet

) -- More gamblers are chosing to place bets on slot machines in Pennsylvania than Atlantic City.

For the first time ever in December, Pennsylvania beat out Atlantic City in slot-machine handles, or how much money was put into machines. Pennsylvania recorded $2.12 billion during the month, while Atlantic City reported $2.03 billion.

And slot machine revenues are getting close. Atlantic City brought in $155.6 million, while Pennsylvania posted $155 million.

Atlantic City has been hit with a double whammy -- consumers cutting back and the expansion of gaming along the East Coast.

This has had the biggest impact on

Boyd Gaming

(BYD) - Get Report

, which co-owns the Borgata in Atlantic City along with

MGM Mirage

(MGM) - Get Report

.

While total gaming revenue was still higher in Atlantic City, due to table game revenue, this could soon change. Pennsylvania legalized table games in casinos earlier this month and still has many opportunities for growth.

Currently

Penn National Gaming

(PENN) - Get Report

and

Las Vegas Sands

(LVS) - Get Report

are the only two public companies with operations in the state.

Delaware and Ohio are also awaiting the passing of a bill that would also legalize table games.

-- Reported by Jeanine Poggi in New York.

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