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    Report: Pa. gaming revenue up 21 percent in 2011

    21.05.12

    PHILADELPHIA (AP) Pennsylvania's casinos pulled in $3 billion in gross gambling revenue last year, a 21.3 percent increase over 2010, and generated nearly $1.5 billion in tax revenue for the state, according to an industry survey released Wednesday.

    The American Gaming Association's 2012 "State of the States" survey reports consumers spent $3.02 billion at the state's 10 existing casinos in 2011, placing Pennsylvania third in the report, behind New Jersey and Nevada. The state also saw a nearly 10 percent spike in casino tax revenue, pulling in nearly $1.5 billion. Thirteen of the 22 states surveyed showed increases in tax revenue, but no other jurisdiction surpassed $1 billion.

    The report is the latest evidence of dramatic growth in the state's casino industry since the passage of the state's gambling law in 2004 and the opening of the first casino in the Poconos two years later. There are now 11 casinos spread across the state from Philadelphia to Erie including the most recent, Valley Forge Casino Resort in suburban Philadelphia, which opened March 31.


    Source: WSLS

    21 casino about


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