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Pennsylvania slots revenue figures released for March4 April 2011HARRISBURG, Pennsylvania -- (PRESS RELEASE) -- The Pennsylvania Gaming Control Board today reported that March slot machine revenue rose more than 7% over March of 2010 and produced the highest single month of revenue to the Commonwealth to date. The play of slot machines at the ten operating casinos produced $214,926,433 in gross revenue in March 2011 compared to $200,162,919 during March 2010, an increase of 7.38%. That resulted in a return of $117,493,637 in taxes to Pennsylvania citizens in March of this year, an average of $3.8 million of taxes collected per day from the 55% assessment on slot machine revenue. The single highest month thus far was July 2010 which saw $211,053,874 in gross revenue produced from slot machine play with a resulting tax collection of $116,079,631. Approximately two-thirds of tax revenue is dedicated to general property tax reduction for Pennsylvania homeowners. Last year, that reduction average $190 per household. The remainder goes toward major economic development and tourism projects in Pennsylvania, the funding of road, safety and community improvement projects in the municipalities and counties that surround the casino locations, grants for local volunteer fire companies, and to Pennsylvania's horse and harness racing industries. The difference in revenue from slot machines for just the nine casinos operating in March 2011 that were also open for the full month of March 2010 was less than $200,000 with $199,996,152 generated this year compared to $200,162,919 for the same period last year. |