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Pennsylvania Gaming Industry Has Key Sign Of Growth In 2012

Slot Gaming Revenue Hits Nearly $2.5 Billion

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Pennsylvania’s gaming industry continues to experience growth.

The state’s Gaming Control Board reported last week that gross revenue from slot machine gaming for 2012 was nearly $2.5 billion — 2.7 percent better than in 2011.

It was the sixth consecutive year that Pennsylvania saw an increase in slot machine revenue. The activity kicked off in the state in 2006.

“While competition for gaming dollars from bordering states will continue to escalate, the revenue results from legalized casino gaming in Pennsylvania continue to be strong,” Gaming Control Board chairman William Ryan said in a statement. “In addition, a healthy casino industry has resulted in the employment of more than 16,000 persons, stability in the Commonwealth’s horse racing industry, funds for major economic development and community-based projects, and property tax relief for all Pennsylvania homeowners.”

The final, overall numbers for Pennsylvania’s gaming industry haven’t been released yet.