Table Games in Pennsylvania
As soon as first slot machines were introduced at horse races, the industry faced another innovation - table games. However, Pennsylvania horsemen's group rejects and stays against this offer as thus it will decrease slots revenue and distract attention from the track itself.
According to recent calculations by the Pennsylvania Equine Coalition, the approximate decrease could be 8-13 percent. This study was presented recently at the House Gaming Oversight Committee in Harrisburg.
The biggest reason still remains the fact that the legislation concerning table games immediately sets different tax rates for slots and table games. This will create a loss in funds for the industry in general.
However, according to the report, the annual gambling revenue of Pennsylvania would increase 30%, or $976 mln by 2012 when table games are added.
The State representatives, instead, have introduced new measures to legalize table games. The bills they propose offer much lower tax rate for the revenue from table games than the slots tax of 55 percent.
The PA horsemen's group instead argues that current legislation on table games does not have the provision to help the industry like the one there is now. They are saying that horse-racing benefits mostly from the gross slots revenue.
The last argument is the most classic one for all gambling establishments - table games will introduce extra 10,000 jobs and salaries. Also, it will make the state more competitive with the neighboring states that are already benefiting from table games.