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Pennsylvania Casinos Win $3.1 Billion In 2013

Figure Marks Third Straight Year Gaming Revenue Over $3B

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The state of Pennsylvania, which first opened up casinos in 2006, saw its casinos collect just over $3.1 billion in gaming revenue during calendar year 2013, according to a state report released late this week. That’s the money won from gamblers.

It was the third year in a row that casinos in the state brought in more than $3 billion from gamblers. However, the figure marked a 1.4-percent decrease from 2012 — the first time ever the state has seen a decrease in casino gaming revenue from a previous year.

The state has 12 casinos, but more are on the horizon. Officials are still working through the process of deciding which firm should build a new property in Philadelphia.

Tax revenue in 2013 from the combined play of slot machines and table games was $1,384,391,014. Slot machines are taxed at an approximate 55-percent rate while table games are taxed at 14 percent. Table games first came to Pennsylvania casinos in July 2010.

Total gaming revenue since the first casino opened in Pennsylvania was more than $16.4 billion through the end of 2013. For comparison, Nevada brings in close to $11 billion per year. Its figure from 2013 hasn’t been released yet.

New Jersey, which Pennsylvania’s casino industry has taken a bite out of in recent years, won $2.9 billion from gamblers in 2013.

 
 
Tags: Pennsylvania
 
 

Comments

jake22
over 8 years ago

where does the money go,the state it was supposed to be property tax relief I have not seen it

 
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