PENNSYLVANIAN SLOT REVENUES SOAR
6 November 2009
32 percent rise in gross revenue at nine
state casinos
The Pennsylvania Gaming Control Board released some
startling statistics this week, revealing that the nine
land casinos in the state had delivered a 31.97 percent
increase in gross gaming revenues over the same period
in 2008.
For the month of October 2009, the nine
operating casinos generated $177 111 933 in gross
revenue (Oct. 2008: $134 203 554.37) thanks to increased
business and an additional two casinos.
The
consequent growth in tax collections of $97 411 563
resulted in $23 599 608 being returned to Commonwealth
citizens than those of last October. Pennsylvania's tax
rate is 55 percent of gross revenue.
In a
measurement of just the seven casinos in operation this
October that were also in operation last year, revenue
was up 6.23 percent, the news agency Reuters reported in
analysing the latest numbers.
The average daily
number of slot machines in operation in Pennsylvania was
16 833 in October 2008 and 24 712 in October 2009.
Gaming Control Board Chair Greg Fajt said that while
tax revenue is certainly assisting Pennsylvanians
statewide in obtaining a property tax reduction
averaging nearly $200 and saving the horse racing
industry, slot machine-generated revenue is also
reaching into the local communities that host or are
neighbours to casinos.
"In the first three years
of legalised gaming, $221 124 306 has already been
distributed to local governments and counties from the
play of slot machines at facilities that operate in or
near their jurisdiction," Fajt says. "This is new money
coming into these communities to fund a myriad of
projects that improve safety and transportation, create
or retain jobs, and enhance the quality of life."
Online Casino News Courtesy of
Infopowa
More news here.
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