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State Struggling With Lower Slots, Tobacco Revenues

Tax revenue from those two money sources have been fantastic for state coffers — generating $430 million from casino slot machines ... It's a wake-up call on how we look at taxes and our state budget. ... read more

New gambling tax will hit Sands hardest

This budget change will hit Pa. casinos in the wallet HARRISBURG — After Pennsylvania casino executives ... it is that the new tables tax increase is scheduled to expire in June of 2019. That doesn't ... read more

Slot machines in the mix as Republican senators look to solve state's budget shortage

"If those revenues that are expected do come in, should we use them for tax relief ... fill the budget hole with slot machine revenue and the $200 million in casino-licensing fees reaped from the newl... read more

Maryland Live casino remains strong despite Horseshoe’s competition in Baltimore

The bulk of high taxes the casions pay the state go to an education ... The MGM casino will have 3,300 slot machines and 160 gaming tables, comparable to the casino scale at Maryland Live and Horsesho... read more

Arkansas becomes casino country

Issue 4 ends the need for this farcical workaround and allows the two "racinos" to begin offering real slots and table games instead of video simulations of such. It also gives them a tax cut and ... ... read more

Tiverton officials to discuss sports betting revenue with governor’s office

The state budget for fiscal 2019 ... from the casino’s 1,000 slot machines and 32 table games and expects another $1 million annually in tax revenue. Sports betting would increase that revenue stream ... read more

Counting on casino revenue? Local governments told it's risky

State budget officials are ... as Scioto Downs that also have slot machines. The Ohio constitutional amendment that permitted casino gambling requires that schools receive 34 percent of the tax revenu... read more

Budget shortfall opens door for more gambling

Are Pennsylvanians ready for slot machines in every neighborhood? With Pennsylvania facing a $2.3 billion budget shortfall, some legislators think they have a proven method to help close it: more gamb... read more

Niagara Falls eyes new $198 garbage fee to replace lost Seneca casino revenue

The proposed 2019 budget, to be officially unveiled Oct. 1 by Mayor Paul A. Dyster, also will include a property tax ... to make up for the end of casino revenue. The Seneca Nation of Indians stopped ... read more

City reaches slots pact that could cut taxes

The Dixon administration and the group bidding to build a slots parlor in Baltimore have reached an agreement that could generate enough money to slash Baltimore's property tax rate by up to ... until ... read more

Will slots at Fairmount clobber ailing Metro East casinos?

"Slots at Fairmount are certainly going to be damaging ... must diversify its tax base but that for now its fate is tied to that of the Casino Queen. About 42 percent of its budget comes from the casi... read more

When Maryland bet on gambling, the casinos won

Big surprise: When Maryland bet on gambling, the casinos won. At the risk of over-simplifying Maryland's $40 billion-plus budget ... but casino marketing tends to gloss over inconvenient details. Ever ... read more