PA Casinos Bring in More than $1 Billion

The Pennsylvania casinos have brought in more than $1 billion in slot machine wagers since the first one opened last November. According to the PA Gaming Control Board, patrons bet $1.06 billion and won $960.8 million on the slot machines. That ultimately gives $267.6 million to the state – which includes the 55% tax on gross revenue and licensing fees.

The Gambling Board has said that the amount of money that the casinos’ slot machines have brought in has already exceeded the expenses that had gone out. The first casino opened in November in Wilkes-Barre, and two more have opened since that time. In December, the state gave out 11 slot machine licenses, and the Presque Isle Downs plan on being open later this month.

The Meadows Racetrack & Casino is opening this spring if all goes well, and they have already started hiring for the 400+ jobs that the slot machine casino will bring in. Experts say that if this is any indication of the kind of money hat they are going to be bringing in when all of the slot machine casinos are open, they will end up having much higher slot machine revenues than originally estimated.

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