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From: freddy on 2 Aug 2010 10:06
Hard to believe but Nevada is third behind Indiana too. The tax rate
in PA is a mind numbing 55% compared to 8% in Nevada.
http://www.casinogamblingweb.com/gambling-news/casino-gambling/tax_rate_helps_casinos_in_pennsylvania_pass_nevada_in_tax_revenue_55456.html
Tax Rate Helps Casinos In Pennsylvania Pass Nevada In Tax Revenue
Play Now at Slots Plus!

Pennsylvania casinos have already made up ground on the Atlantic City
gaming industry, and now they may set their sights on Nevada. A recent
article in The Morning Call in Allentown, Pennsylvania, suggests that
the state collected more tax revenue from its casinos than Nevada did
theirs.

The timing of the release of information is significant in that
Pennsylvania casinos have recently started to operate regulated table
games. Lawmakers approved the table games earlier this year, but it
took until the summer to get the games operational.

For the fiscal year that ended on June 30th, Pennsylvania casinos were
over one billion dollars in tax revenue. Nevada was third in the
nation with $831 million collected. Indiana came in a surprising
second, with $878 million. Tax revenue is much different than overall
gambling revenue.

In Pennsylvania, the tax rate for casinos is fifty-five percent. That
means that the nine casinos in the state are paying over half of their
gambling winnings to the state. Nevada has many more casinos, 260 in
total, but the casinos only pay a tax rate of eight percent.

While the tax rate remains high for casinos, other areas of the state
have had their tax rates lowered. Real Estate taxes are down in
Pennsylvania, and the gaming revenue has also been used to help fund
other parts of the state budget.

Even with all of the revenue, legislators decided earlier this year to
legalize table games. The suggestion came from Governor Ed Rendell,
who threatened to cut state jobs if lawmakers did not complete the
table game legislation before the end of the session.
From: Ronald Emerson on 2 Aug 2010 11:58
On Aug 2, 10:37 am, stevey win <s...(a)player.com> wrote:
> In article
> <a6510dfb-12aa-4d39-ac9a-4b1b3ee6c...(a)u38g2000prh.googlegroups.com>,
>
>  freddy <melbedewy1...(a)hotmail.com> wrote:
> > Hard to believe but Nevada is third behind Indiana too. The tax rate
> > in PA is a mind numbing 55% compared to 8% in Nevada.
>
> Don't lose the real perspective here.  Pennsylvania only collects about
> 20% more tax revenue than Nevada even though Pennsylvania taxes are 7
> times higher than Nevada.  Lets see a comparison of total dollars and
> payout percentages between the states.  The real losers are the gamblers
> in Pennsylvania who pay for those taxes with reduced payouts.
>
> Gambling is a tax on people who don't understand math. Gambling in
> Pennsylvania is a tax on people who don't understand anything.

I should move to Pennsyvania because someone told me I have a friend
there! Ronald Emerson. Is it June 2011 yet?
From: freddy on 2 Aug 2010 15:43
On Aug 2, 10:37 am, stevey win <s...(a)player.com> wrote:
> In article
> <a6510dfb-12aa-4d39-ac9a-4b1b3ee6c...(a)u38g2000prh.googlegroups.com>,
>
>  freddy <melbedewy1...(a)hotmail.com> wrote:
> > Hard to believe but Nevada is third behind Indiana too. The tax rate
> > in PA is a mind numbing 55% compared to 8% in Nevada.
>
> Don't lose the real perspective here.  Pennsylvania only collects about
> 20% more tax revenue than Nevada even though Pennsylvania taxes are 7
> times higher than Nevada.  Lets see a comparison of total dollars and
> payout percentages between the states.

While what you say is technically correct the fact remains that PA's 9
casinos (which were slot only during the reporting period) paid more
to that state than Nevada's 260 casinos plus all those slots and poker
machines in bars, stores, etc. paid to Nevada.
I find that astounding.
Viva Las Philly!
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