More Money for State

With the opening of Sands Casino coming sooner than originally anticipated, the state of Pennsylvania could not be happier. The state had counted on the opening in June, but instead it will open in May which means one whole month more of slot machine revenue coming into the state. The Sands Casino Resort Bethlehem will have about 3,000 slot machines, and is situated in the old Iron Works of the state.

Many residents cannot wait to get in to play the slot machines, while others cannot wait just to get in to see what they have done with the inside. Either way, all that anticipation and business means that the state will see an extra payment of revenue from the slot machines. They are estimating that the city of Bethlehem will get somewhere around $500,000 and Northampton County will get around $80,000 additional revenue from the slot machines.

The money is an estimation based on the number of slot machines that they will have upon opening. If they bring in an additional 2,000 slot machines in November, the amount of revenue will increase. The state says that they have been conservative in their budgeting until they see how much money actually comes from the slot machines. They know that there will be an initial boost to slot machine revenue numbers because it is a new thing, but that should taper off some as the newness wears off.

Some counties have not put any slot machine revenue into their budgets and others have been conservative in the amounts that they have put in. They say that they don’t want to count on a certain amount of slot machine revenue assisting their bottom lines and then be stuck when that money does not come in.
 

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