PA slot revenue declined at a slower rate in March, but unless the industry does something to turn the tide, it may experience its sharpest drop-offs yet.
Will VGTs help the state of Pennsylvania generate more tax revenue? Probably. Will land-based casinos be better off for it? Not so much.
Imposing a 25 percent tax rate on legal PA online gambling revenue may seem like a good idea on paper, but it could result in the downfall of the industry.
Pennsylvania gamblers that currently play at Sands Bethlehem might be seeing a few changes in the coming months, as MGM looks to be purchasing the property.
The passage of current PA online gambling legislation won’t result in lower tax revenue for the Commonwealth, despite what the opposition believes.
Low buy-in events, poker celebrity sightings, and one best of three grudge match: The Philadelphia Poker Classic at SugarHouse is a poker fan’s dream.
While all 12 of Pennsylvania’s land-based casinos would likely benefit from a legal PA online gambling rollout, 3 in particular desperately need the help.
Pennsylvania’s land-based casino industry may not be killing it of late, but hope, in the form of legal PA online gambling, could be coming by year’s end.
Whether gambling expansion protocols in PA can generate $150 million next fiscal year is an open question. Regardless, online gambling will play a big role.
Pennsylvania Casinos May Have Set A New Revenue Benchmark, But That Doesn’t Mean The Industry Is Safe
The PA casino industry may have set a new revenue record, but without legal PA online gambling, it’s difficult to see how the market grows much further.