International edition
September 30, 2020

Overall for calendar year 2009, tax revenue from casinos topped us$ 1 billion

Harrah’s revenue up again in December

(US).- Revenue at Harrah’s Chester Casino was up by 1.45 % in December as compared to the same time in 2008, while overall revenue generated at slot facilities statewide was up for the year, according to figures released by the Pennsylvania Gaming Board.

O

verall for calendar year 2009, tax revenue from casinos topped us$ 1 billion, a 21.6 % increase over 2008. Additionally, tax revenue from January through December was us$ 1,080,472,555 compared to us$ 888,561,167 in calendar year 2008.

And year 2010, according to PGCB Executive Director Kevin O’Toole, promises to be tremendously challenging for staff as it prepares for the opening of two more casinos and the Commonwealth’s probable move into table gaming.

Despite a five-day closure of the state’s largest slots revenue producer, Pennsylvania’s nine slot machine facilities totaled us$ 155,048,230 in gross revenue for December - a 28.14 % increase over revenue generated by legalized gambling the previous December.

As a result, the amount of revenue returned to Pennsylvania taxpayers last month totaled us$ 85,262.971. The revenue is generated from a 55 % tax rate on gross revenue and the money is used for local property tax reduction as well as the funding of road, safety and community improvements in towns and counties surrounding the casino sites and to assist Pennsylvania’s horse and harness racing industries.

Of the nine facilities, two opened in 2009. The seven sites that were also operating last year produced a 1.4 % increase this year. The increase was achieved even though Philadelphia Park was closed for nearly five full days preparing for the opening of its permanent facility in Bensalem, Bucks County.

The average number of operating slot machines at these facilities was 24,754 in December 2009 and 16,712 in December 2008. “December was a very eventful and successful month for the PGCB and Pennsylvania’s casino industry,” said O’Toole. “In addition to our oversight of the managed growth of the slots casino industry, our staff also guided the successful on-time opening of the parx casino.”

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