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Pa. leads in casino tax revenue
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| Contributor | Scott³ |
| Last Edited | Scott³ Aug 25, 2013 09:44am |
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| Category | News |
| Author | Harold Brubaker |
| Media | Newspaper - Philadelphia Inquirer |
| News Date | Sunday, August 25, 2013 03:00:00 PM UTC0:0 |
| Description | "From 2009 through 2012, Pennsylvania collected more money from casino gambling taxes than any other state. The four-year total was $5.4 billion.
Because it keeps almost half the money casinos win from gamblers - more than all but a couple of states - Pennsylvania's casino tax revenue even topped the combined totals of Nevada and New Jersey, long the two biggest gambling states, from 2009 through 2012.
But in the 12 months ended June 30, Pennsylvania's total take of $1.41 billion was 2.8 percent less than the $1.44 billion the year before, as the spread of casinos in Maryland, Ohio, and New York turned the tables on Pennsylvania.
With casino winnings flat at $3.14 billion in fiscal 2013, it is unclear how much more Pennsylvania's casino industry will grow.
"It seems like they're very close to being mature," said David G. Schwartz, director of the Center for Gaming Research at the University of Nevada, Las Vegas." |
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