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Expert Analysis

What's Next For Pennsylvania's Gaming Industry?

Law360, New York ( May 27, 2014, 9:45 PM EDT) -- Although by all accounts Pennsylvania's gaming industry has been a great success since the first casino opened there in 2006, the industry now faces stiffer competition than ever for gaming dollars in the region. In 2013, Pennsylvania casinos generated $3.1 billion in gaming revenue — making Pennsylvania the second-largest casino market in the United States, trailing only Nevada. The $3.1 billion in gaming revenue brought in $1.4 billion in state and local taxes in 2013. Despite generating these healthy gaming revenue and tax numbers, 2013 marked the first year-over-year decline in gaming revenues, albeit slight, since casino gaming began in Pennsylvania eight years ago....

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