Le Lézard
Classified in: Tourism and vacations, Sports and recreation
Subjects: SVY, STP

Pennsylvania Gaming Control Board Releases Annual Report on Casino Gaming's Impact on PA's Horse Racing Industry


HARRISBURG, Pa., April 2, 2018 /PRNewswire-USNewswire/ -- The Pennsylvania Gaming Control Board today released the Annual Racetrack Casino Benchmark Report detailing the impact of Pennsylvania casinos on the Commonwealth's horse racing industry.  The report is now available for download from the PGCB's web site www.gamingcontrolboard.pa.gov.

The report includes and compares information from the 2017 calendar year. Among the report's findings is that the tax generated by the play of slot machines amount to $239 million and was earmarked for enhancements of race purses, assisting breeding operations located in Pennsylvania, providing health and pension benefits for horsemen, and to support agricultural initiatives.

The report also shows that total dollars wagered on live races held at the six racetracks operating in the Commonwealth was up 3% in 2017, exceeding $700 million. The horse racing tracks operating in conjunction with casinos in Pennsylvania are:

Thoroughbred

Harness

Additionally, the report and its accompanying detailed statistical summary, provides 5-year historical information on:

About the Pennsylvania Race Horse Development Fund
The Pennsylvania Race Horse Development and Gaming Act ("Act") states that the authorization of limited gaming is intended to positively assist the Commonwealth's horse racing industry, support programs intended to foster and promote horse breeding, and improve the living and working conditions of personnel who work and reside in and around the stable and backside areas of racetracks. The avenue utilized through the Act to assist the horse racing industry was the creation of the Pennsylvania Race Horse Development Fund which is funded by a portion (approximately 10%) of gross revenue generated from slot machine gaming from the 12 casinos.

About the Pennsylvania Gaming Control Board
The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state's casino industry, along with oversight of new gaming initiatives to the Race Horse Development and Gaming Act recently approved through the signing of Act 42 of 2017.

The Commonwealth's casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos.  These facilities collectively employ 18,000 people and annually generate approximately $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to all Pennsylvania homeowners.

Additional information about both the PGCB's gaming regulatory efforts and Pennsylvania's gaming industry can be found at www.gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.

CONTACTS:  Doug Harbach or Richard McGarvey
(717) 346-8321

SOURCE Pennsylvania Gaming Control Board


These press releases may also interest you

at 04:00
"The tourism data for Milan in 2023 reached an all-time high, and it's a success we must share among many stakeholders, both public and private, including the dense network of accommodation facilities in the city. We need virtuous examples like Hotel...

at 03:59
Timekettle, a fast-growing cross-language communication solutions innovator, has successfully wrapped up its #SpringTravelWithTimekettle campaign on Instagram. Running from March 18 to 24, Timekettle encouraged global travelers to share their...

at 02:00
- Hoping Guests Will Experience New Value of Traveling in Japan - Sumitomo Fudosan Villa Fontaine Co., Ltd., a Sumitomo Realty Group, has begun offering guestrooms featuring Japan Airlines, a major Japanese carrier, Hatsune Miku, LINE FRIENDS, and...

28 mar 2024
Thursday 28/03/2024 Daily Grand Regular Draw06, 27, 32, 42, 49 Grand No 05 POKER LOTTOWinning Hand: 3-D, 9-S, 6-C, 2-D, 6-H.  Legend: C = CLUB, H = HEART, S = SPADE, D = DIAMOND J = JACK, Q = QUEEN, K = KING, A = ACE   MEGA DICE LOTTO11, 12, 20, 32,...

28 mar 2024
The Greater Toronto Airports Authority ("GTAA") today reported its financial and operating results for 2023.  Passenger activity significantly increased by 9.2 million, or 25.8 per cent, from 35.6 million to 44.8 million in 2023, when compared to...

28 mar 2024
Quhuo Limited ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on life services in China, today announced that it will report unaudited financial results for the second half and full year 2023 before the open of the...



News published on and distributed by: