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General Category => General Harness Racing Discussion => Topic started by: careless hal on August 25, 2013, 10:45:14 AM

Title: Which State made the most off casinos?
Post by: careless hal on August 25, 2013, 10:45:14 AM
Answer may surprise you!  Scroll down.



























7. Pennsylvania
> Pct. total revenue from sin: 3.7%
> Most profitable sin: Casinos
> Revenue from sin: $3,849,764,000
> Total state revenue: $91,705,305,000

Although the state has one of the lowest taxes on beer in the country, alcoholic beverage taxes in Pennsylvania brought in $307 million in 2011, the sixth highest amount that year. The state also brought in another $81 million from liquor stores it regulates. Recently, Pennsylvania’s state senate voted to privatize liquor distribution in the state, a vote that also would allow beer distributors to sell liquor, while expanding the types of locations where beer and wine may be sold. However, the bill eventually died before it could be passed. In addition to alcohol, gambling is also a major source of government revenue. Pennsylvania lead led the nation in total revenue raised from gambling in 2011



Read more: States Profiting the Most from Sin - 24/7 Wall St. http://247wallst.com/special-report/2013/08/16/states-profiting-the-most-from-sin/#ixzz2d0IZnFIR
Title: Re: Which State made the most off casinos?
Post by: Jeremy on August 25, 2013, 03:35:24 PM
you don't think New York topped that ?
Title: Re: Which State made the most off casinos?
Post by: careless hal on August 26, 2013, 04:26:21 AM
The article says PA led the nation in revenue raised from gaming.  NY not on list because the list itself is based on % of total revenue.  Nevada is the leader in that , but PA brought in 3X the actual dollars from gambling. 
Title: Re: Which State made the most off casinos?
Post by: Jeremy on August 26, 2013, 04:39:07 AM
I guess I need to read the entire post.   slaphead

PA crushed everyone else.  Wonder if Ohio will make any dent in it.


http://www.americangaming.org/sites/default/files/uploads/docs/aga_sos2013_fnl.pdf
Title: Re: Which State made the most off casinos?
Post by: badolpuddytat on August 27, 2013, 12:18:59 PM
Quote from: Jeremy on August 26, 2013, 04:39:07 AM
I guess I need to read the entire post.   slaphead

PA crushed everyone else.  Wonder if Ohio will make any dent in it.


http://www.americangaming.org/sites/default/files/uploads/docs/aga_sos2013_fnl.pdf
I think I read something in the Blood horse that Pa. gambling revenue (slots, tables, ect) is down 38%!!! The reason is that residents from Ohio is staying in the state. There goes some of their purses!!!!