Pennsylvania’s take from casino revenue reaches USD 3B for fourth straight year
Revenue had been increasing steadily in the state since the legalization of table games in 2010. Combined revenue hit a high point of USD 3.15 billion in 2012 before falling by nearly USD 44.4 million, or 1.41 percent, in 2013. It fell by another USD 44.8 million last year.
The overall decrease has been the result of declines in slots revenue, from a high of USD 2.47 billion in 2012 to USD 2.31 billion last year. On the other hand, table game revenue actually increased by 2.7 percent last year to USD 749.5 million, its highest point in the five years such gambling has been offered in the state.
Richard McGarvey, a gaming board spokesman, attributed the overall drop in revenue to competition from surrounding states, including Ohio and Maryland.
Tax revenue from combined slots and table game play last year totaled USD 1.34 billion, with about USD 780 million of that going to property tax relief. The rest primarily goes to local communities that host casinos as well as for horse racing purses and economic development projects.
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