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More Casino Table Games Equals Less Tax Revenue

Philadelphia Inquirer report: Sands has added 29 table games since January, but no slot machines.

published report on the Philadelphia Inquirer website Tuesday said Pennsylvania casinos, including Sands Bethlehem, continue to add table games to their gambling inventory while spurning additional slot machines. 

That, according to the report, cuts revenue flow to state coffers as table games are taxed at a much lower rate than slot machines.

The report states Sands Bethlehem has increased its table game inventory by 29 games since January, according to the Pennsylvania Gaming Control Board, while adding no slot machines. 

The report states that 55 cents of every dollar wagered on a slot machine in Pennsylvania is directed to state coffers and directed to property tax relief, the horse racing industry and town host fees. In the Sands case, a portion of the slot money is funneled to the town of Bethlehem.

Conversely, according to the report, table games are taxed at 16 percent with that level set to reduce to 14 percent in mid-2012.

Staberdearth April 26, 2011 at 07:45 PM
"...Conversely, according to the report, table games are taxed at 16 percent with that level set to reduce to 14 percent in mid-2012..." If the Sands were a wholly owned subsidiary of GE, the tax rate would be zero as dictated by the cozy relationship that GE has with the Obaschitte.
Patriot2 April 27, 2011 at 12:03 PM
The State of Pa. gave away the store to the casinos when they approved table games. They should be taking 30-35% of the table game net revenue. The casinos bluffed the Gaming Control Board.

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