News

PA reports first annual slots revenue decrease

Written by The Associated Press | Jul 3, 2013 6:51 AM
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(Philadelphia) -- State gambling regulators say gross revenue from slot machines was down nearly 2 percent during the fiscal year that just ended, the first decline since Pennsylvania's casinos started coming online more than six years ago. 

The Pennsylvania Gaming Control Board says the state's 11 casinos generated $2.4 billion from slot machines during the 12-month period that ended Sunday.

That's down 1.9 percent from the slots revenues during the previous fiscal year.

The state taxes slot machines at a rate of about 55 percent.

Tax revenue from slot machines during the last fiscal year was $1.3 billion, down nearly 3 percent from the year before.

Pennsylvania is the nation's second-largest gambling market after Las Vegas.

The state approved casino gambling in 2004 and the first casino opened in November 2006.

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