Yes, the first revenue estimates from the newly established PA slot machines have just been reported. The expected earning are way more than anyone would have guessed, being greater than the 5 year predictions. I hope with these numbers our property taxes do see a huge discount or disappear totally.
Over 3 billion dollars have been wagered in the only 4 slot casinos in the state thus far and the casinos profiting over $300 million and over $160 million of this going towards government needs mostly the property tax relief promised. They say though that there needs to be $570 million before we see this breaks and that will be next school year.
For the full story go to Pittsburgh Live.
I’m Jennifer Hitchcock talking about the news that interests me.