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PA Casino Industry
OverviewThe Race Horse Development and Gaming Act of 2004, known as Act 71, authorized 14 slot machine gaming operator licenses to be awarded to applicants approved by the Pennsylvania Gaming Control Board which was also established under the same act. Several major objectives of Act 71 are to deliver a significant source of revenue for property tax relief, provide additional jobs and reinvigorate the Pennsylvania horse racing industry.The three casino categories along with the number of operator licenses authorized for each under Act 71 are as follows: Category 1 – Horse Racing Facilities ( 7 Licenses ) As of December 31, 2009, 12 of the 14 licenses have been awarded of which 9 facilities are operating at various locations across the State. The remaining two licenses are for a Category 1 Horse Racing Facility, Valley View Downs which is waiting for approval and a Category 3 Resort Facility License which has not yet been awarded. For information regarding the current and planned casino locations, please go to the following pages: Pennsylvania Gaming Control BoardEstablished with the passage of the Race Horse Development and Gaming Act of 2004, the Pennsylvania Gaming Control Board was created to oversee every aspect of the authorization, operation and regulation of casino gaming in the Commonwealth. Its objectives are to ensure the success, integrity and fairness of gaming across the state of Pennsylvania.The Pennsylvania Gaming Control Board provides regulation and oversight through the testing and certification of all slot machines and electronic gaming equipment. All machines must meet minimum design standards and return a minimum 85% payback ratio over the lifetime of the machine. On-site enforcement of internal controls at each casino facility is a major priority of the Pennsylvania Gaming Control Board to ensure an immediate response to patron complaints and quickly initiate investigations. For more information regarding the operations and responsibilities of the Pennsylvania Gaming Control Board, please view the video below.
It Pays to Play in PAA Pennsylvania tax rate of 55% is levied on revenue earned from slot machine play. This means that for every dollar produced as revenue from slot machine play, 55 cents is returned to Pennsylvanians.The following chart displays the percentage breakdown of taxation and licensee retained earnings from slot machine revenue according to the Race Horse Development and Gaming Act of 2004 (Act 71):
It Pays to Play in PA... for many reasons. It Pays to Play in PA... for the State of Pennsylvania because 55% of slot machine revenue collected is reinvested or returned to Pennsylvanians. It Pays to Play in PA... for Pennsylvania Property Owners and Senior Citizens because 34% of slot machine revenue is earmarked to offset property taxes and fund a rent rebate program for senior citizens. It Pays to Play in PA... for the Pennsylvania Horse Racing Industry because 12% of slot machine revenue is utilized for larger purses, improving racetrack amenities and supporting equine breeding programs. It Pays to Play in PA... for Pennsylvania Economic Development and Tourism because 5% of slot machine revenue will be utilized to fund various Economic Development and Tourism initiatives throughout the State. It Pays to Play in PA... for the host counties and municipalities where the casinos are located because 4% of slot machine revenue is split between the host county and municipality. It Pays to Play in PA... for PA Casinos, PA Businesses and PA Jobseekers because millions of casino patrons are spending billions of dollars creating jobs and generating additional tax revenues locally and statewide. It Pays to Play in PA... for PA Casino Patrons because Pennsylvania law requires slot machines to pay back a minimum of 85% of what is wagered in the slot machines. The Pennsylvania requirement is higher than the current laws in both New Jersey at 83% and Nevada at 75%. It Pays to Play in PA... is the official tag line of visitPAcasinos.com Additional InformationAdditional information regarding the Pennsylvania Casino Industry including detailed gaming revenue data earned at specific casino locations can be found on the Pennsylvania Gaming Control Board website.Live, Work, Play and Stay in PA!
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