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Pennsylvania Proposes Adding Table Games

Wednesday June 17, 2009
Pennsylvania got a taste of the easy money generated from gambling when it legalized slot casinos in the state in 2004. In the first 11 months of the current fiscal year, taxes generated by the legalized slot casinos are up 24.7% for a grand total of $873,899,361 to date.

In an effort to increase the gambling revenue, State Rep. Bill DeWeese officially introduced a proposal on Tuesday to add table games to Pennsylvania's casinos and if approved it is sweet deal for the state. Under the measure, casino operators would pay a $10 million fee up-front to inaugurate games such as blackjack, poker and craps at their currently slots-only facilities. There would be a $500,000 annual renewal fee as well as daily tax of 18 percent and a local-share assessment of 2 percent of its daily gross table-game revenue. This is in addition to the money being paid to the state from the slot machines.

Comments

June 24, 2009 at 10:00 am
(1) joeyboot says:

Between the upfront cost & the daily vig, looks like a sucker bet for the casinos. The goose may lay golden egss but it don’t spit dollar bills.

June 24, 2009 at 2:28 pm
(2) glen says:

sure does seem that the state wants a big cut. It would take a lot of action to be worth it but they will probably get it from someone.

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