Slots gross revenue up 39 percent

HARRISBURG:  Pennsylvania casinos ushered in the new year by producing over $50 million more in gross revenue from slot machine play in January 2010 over the previous January, an increase of 39.24%

According to figures released today by the Pennsylvania Gaming Control Board, the nine slot machine facilities operating in Pennsylvania during January of this year collectively generated $184,214,974 in gross revenue compared to $132,303,649 in January of 2009 when seven casinos were in operation.

There was also a significant overall revenue increase of 9.6% during January for the seven casinos operating in both January 2010 and January 2009.

Based on the 55% tax rate on gross revenue, Pennsylvania citizens saw a return of $101,291,695 in January of this year, an average of $3.27 million of taxes collected per day.  Approximately two-thirds of tax revenue is used to reduce property taxes.  The remainder goes toward major economic development projects in Pennsylvania, funding of road, safety and community improvement projects in the municipalities and counties that surround the casino locations, local fire companies, and to assist Pennsylvania’s horse and harness racing industries.

Comparative gross terminal revenue for each of the casinos operating in both January 2009 and January 2010 are as follows:

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