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Keystone State Loses $424 Million in Taxes Due to Casino Shutdown

Despite the rather impressive resurgence in gambling revenue that the state of Pennsylvania recorded in the past month, the overall impact on gaming revenue since the pandemic hit has been quite devastating, to say the least. The state’s casino remained closed for about three months and this was enough time for about $424 million in […]

Pa. Senator Proposes Use of Sports Betting Tax for Property Tax Relief

Unfortunately, the relief funds are not enough to offset some of the expenses that the country’s residents have to deal with. Such things as rent, insurance, food, mortgages, medical expenses, and power bills among other things have become very hard to deal with for most people. In the Keystone State, more help may finally be […]

Pennsylvania Posts Record Sports Betting Revenue in September

The return of football in September contributed to yet another great milestone for the Keystone State’s sports betting market which is barely a year old. According to a revenue report that was released by the Pennsylvania Gaming Control Board, retail and online sportsbooks in the state handled wagers totaling to a whopping $194.5 million. That […]

Pennsylvania Casinos Bring in $3.29 Billion in Fiscal Year

The Pennsylvania Gaming Control Board (PGCB) has recently published its annual revenue reported for 2018/19. As seen in the report, the previous fiscal year saw the nascent but rapidly growing gambling sector contribute significantly to the state’s economy. To put this into perspective, the gambling industry employed a whopping 16,000, delivering total annual expenditure of […]

Pennsylvania Slots Records Revenue Growth in Fiscal Year 2018/2019

The Keystone State’s slot machine revenue increased 1.1 percent during the just concluded 2018/2019 state fiscal year compared to the 2017/208 fiscal year. These figures were presented by the Pennsylvania Gaming Control Board (PGCB) last Monday, the breakdown of the slot machine revenue figures has set the precedence for the total gaming report that is […]