News

PA horse track betting rises 12 percent in 2012

Written by The Associated Press | Mar 28, 2013 5:59 AM
horse racing track.jpg

(Harrisburg) -- Pennsylvania gaming regulators say the amount of money wagered at the state's horse racing tracks rose 12 percent last year to $776.9 million. 

The state has six horse-racing tracks and last year's total is the highest since the state start of slot-machine gambling in 2006.

Gaming Control Board Chairman William Ryan Jr. says the report released Wednesday shows the horse racing industry continues to benefit from revenue generated by casinos.

A portion of the total revenue generated from slot machines is earmarked for the horse-racing industry.

Last year, slot machine tax revenue generated about $272 million for the Pennsylvania Race Horse Development Fund; officials say about $224 million of that was earmarked for the horse-racing industry, going toward purses, breeding operations, health and pension benefits for horsemen and other things.

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