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Across the nation: Gambling revenue promises rarely met

20.05.12 Stateline.org

No state helped the gambling industry come out of a two-year recessionary slump more than Pennsylvania, which has seen more than a $1 billion increase in revenue during the past two fiscal years.

That growth has catapulted the state’s industry to near the front of the pack nationally, with some experts speculating that it could soon overtake New Jersey, home to Atlantic City, as second only to Nevada in overall gambling revenue. With state and local tax rates on those profits significantly higher in Pennsylvania than Nevada, the Keystone state already sees more of a revenue bump from gambling than any other state in the nation.

But while those tax revenues have risen steadily over the past few years, they have yet to achieve the goal promised by former Governor Ed Rendell when he first stumped for the legalization of slot machines eight years ago: $1 billion in property tax relief for Pennsylvanians.


Source: The Statehouse File