Online Casino Transfer: News - Pennsylvania Racks it Up in Slots

08/15/2010		Online Casino Style: News Pennsylvania Racks it Up in Slots
Home History Games News Dictionary		A surprising set of statistics have hit the online gambling forums this week as the State of Pennsylvania, known as one of the most conservative states in the United States of American, surpasses the State of Nevada in slot action. According to a shocking report by the Associated Press, a very unlikely competitor has hit the scene for land-based gambling venues when it comes to slot action, as a recent change to Pennsylvanian law now permits slots in a strictly regulated manner, a change that is heavily affecting the number of players driving south to play their favorite games in New Jersey’s Atlantic City. According to the Associated Press report, the state of Pennsylvania managed to collect more in taxes from commercial casino gambling than any other state in the US, including the leader in the American betting market, Nevada. In spite of all the casinos, all the business and the like, the lower tax rates in Nevada apparently had quite a bit to do with the discrepancy, as Pennsylvania earned $1.1 billion in the fiscal year, a period ending at the end of June this summer. The numbers were quickly published by the Morning Call of Allentown, a small scale local newspaper, causing a reaction through the whole of the internet casino community. Coming in second place, surprisingly, was Indiana, with $878 million, and Nevada trailing in third place, earning just $831 million. For the statistics already generating for the next year, the American Gaming Association has estimated Pennsylvania to be out in front once again. The state’s conservatism is demonstrated through their higher tax rates, costing land based casino 55 percent on the revenue generated by slots. Though they only have nine casinos operating, the rate is high enough to make a huge difference; Nevada only charges their casinos 8 percent from the slot revenue in 260 casinos.

08/15/2010

Online Casino Style: News
Pennsylvania Racks it Up in Slots

A surprising set of statistics have hit the online gambling forums this week as the State of Pennsylvania, known as one of the most conservative states in the United States of American, surpasses the State of Nevada in slot action. According to a shocking report by the Associated Press, a very unlikely competitor has hit the scene for land-based gambling venues when it comes to slot action, as a recent change to Pennsylvanian law now permits slots in a strictly regulated manner, a change that is heavily affecting the number of players driving south to play their favorite games in New Jersey’s Atlantic City.

According to the Associated Press report, the state of Pennsylvania managed to collect more in taxes from commercial casino gambling than any other state in the US, including the leader in the American betting market, Nevada. In spite of all the casinos, all the business and the like, the lower tax rates in Nevada apparently had quite a bit to do with the discrepancy, as Pennsylvania earned $1.1 billion in the fiscal year, a period ending at the end of June this summer.

The numbers were quickly published by the Morning Call of Allentown, a small scale local newspaper, causing a reaction through the whole of the internet casino community. Coming in second place, surprisingly, was Indiana, with $878 million, and Nevada trailing in third place, earning just $831 million. For the statistics already generating for the next year, the American Gaming Association has estimated Pennsylvania to be out in front once again.

The state’s conservatism is demonstrated through their higher tax rates, costing land based casino 55 percent on the revenue generated by slots. Though they only have nine casinos operating, the rate is high enough to make a huge difference; Nevada only charges their casinos 8 percent from the slot revenue in 260 casinos.