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Pennsylvania Slot Revenue Increasing
11/4/09 - 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."
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3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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