PA Sees Increase in Slot Machine Revenues 

While some states are saying that their numbers are way down for slot machine revenues, Pennsylvania has actually seen a significant increase over their previous slot machine revenues and many are simply astounded by it. They are reporting a 27% increase in slot machine revenues over what they had before – which as you can tell when you are in the millions of dollars that is a lot of money for the state and for the casinos. 

The state’s nine slot machine casinos brought in a combined $166.3 million in revenue, which comes out to $91.5 million in tax. The state says that they believe things are starting to turn around for them after a difficult couple of years of trying to get them passed and then getting them implemented. The increase they have in slot machine revenue is 26.7% over where they were last November, which is truly a lot of money. 

They report that for the first five months of the fiscal year they were looking at 25% over where they were the previous year, which came out to $485.3 million – compared to $388.2 million for the same time period one year earlier. The Pennsylvania Gaming Control Board says that they could not be happier by the turn of events.  

The money that comes in from the slot machines goes for several purposes, one being the reduction of property taxes which is bound to make their residents happy. They will also give money to local fire departments, economic development, etc. – all things that they did not see being able to do to such an extent based on last year’s figures.

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