Pa. reports first annual slots revenue decrease - 21 News Now, More Local News for Youngstown, Ohio -

Pa. reports first annual slots revenue decrease

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PHILADELPHIA (AP) - State gambling regulators say gross revenue from slot machines was down nearly 2% during the fiscal year that just ended, the first decline since Pennsylvania's casinos started coming online more than six years ago.

The Pennsylvania Gaming Control Board says the state's 11 casinos generated $2.4 billion from slot machines during the 12-month period that ended Sunday. That's down 1.9% from the slots revenues during the previous fiscal year.

The state taxes slot machines at a rate of about 55%. Tax revenue from slot machines during the last fiscal year was $1.3 billion, down nearly 3% from the year before.

Pennsylvania is the nation's second-largest gambling market after Las Vegas. The state approved casino gambling in 2004 and the first casino opened in November 2006.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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