News

Pa. slots revenue down for fiscal year

Written by The Associated Press | Jul 3, 2014 6:20 AM
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(Harrisburg) -- For the second fiscal year in a row, Pennsylvania casinos have reported a decline in revenue from slot machines.

The state Gaming Control Board says gross slot-machine revenue for the fiscal year that ended Monday fell 4.5 percent to $2.3 billion.

Ten of 11 Pennsylvania casinos that were open the last two years posted annual declines.

The agency says slots revenue in June fell six percent from the year-ago period.

State regulators have blamed increased competition from border states for the casinos' recent slots struggles.

Pennsylvania remains the nation's second largest gambling market after Las Vegas in terms of gross revenue and number one in taxes collected.

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