A look at Pennsylvania casino gambling revenue
Pennsylvania lawmakers are considering an expansion of casino gambling to help the state’s deficit-ridden finances. Here is a look at the existing commercial gambling industry in Pennsylvania:
Pennsylvania is the nation’s No. 2 commercial casino state behind Nevada, recording more than $3.1 billion in gross casino revenue in 2015-16. It brought in more tax revenue from commercial casinos than any other state last year, totaling $1.4 billion. The state’s No. 1 casino is Parx Casino, which has recorded more than $413 million in gross revenue through the first nine months of the 2016-17 fiscal year.
Pennsylvania currently has 12 licensed casinos, six of which are freestanding and six of which are tied to horse-racing tracks. All 12 casinos have table games and slot machines, and such gambling is legal nowhere else in Pennsylvania. Pennsylvania does not allow online casino gambling. A 13th casino license awarded in 2014 is being challenged in the courts.
The 2004 law that legalized casino gambling in Pennsylvania sought to diversify casino ownership, requiring that the majority owner of one casino not be able to own more than a one-third stake in another casino. That issue is at the heart of the matter being considered in the case of the 13th license.