PRNewswire-USNewswire/ — The Pennsylvania Gaming Control Board today provided figures for gross revenue and tax generation for slot machine play during the month of June 2014 and for the state Fiscal Year 2013-2014.
After a drop in June of 6% compared to June 2013, slot machine gross revenue for the recently completed Fiscal Year was 4.5% lower than gross revenue generated last year.
In the 12-month period that ended June 30, 2014, slot machine gross revenue was $2,319,890,598 compared to $2,428,887,430 during the 2012-2013 Fiscal Year. Tax revenue produced through slot machine play during the 2013-2014 Fiscal Year totaled $1,241,218,137.
The figures released today do not include revenue and tax generation during the Fiscal Year from table games. Total casino gaming revenue figures for the 2013-2014 Fiscal Year that include table games will be released by the Board in a couple of weeks.
To date, since the opening of the first slot machine casino in November of 2006, taxes just from slot machine play have totaled $8.35 billion. Tax revenue from slot machines is designated under the Gaming Act to fund homeowner property tax reduction; increase purses and provide health and pension benefits to personnel in the horse racing industry; provide revenue toward economic development projects statewide including water and sewer projects; assist thousands of local fire and emergency companies with annual grants; and, provide a new stream of tax revenue to the county and local governments which host a casino.