Google Plus Facebook LinkedIn Twitter Vimeo RSS

In brief: Report: Casinos aiding horse racing industry

By - Last modified: June 8, 2012 at 10:12 AM

Pennsylvania's horse racing industry continues to benefit from the subsidies it receives from casino gambling, according to the Pennsylvania Gaming Control Board.

The board last week released its fifth annual Racetrack Casino Benchmark Report. The horse industry’s 2011 share of taxes from slot machine revenue exceeded $228 million, the report said.

Among the report’s findings:

• An 250 percent increase in purses earned from 2006 to 2010, and an additional increase of 8 percent in 2011.

• A 45 percent increase in live races from 2006 to 2010, and an additional 1 percent increase in 2011.

• A 32 percent increase in wagers from 2006 to 2010, but a 10 percent decrease from 2010 to 2011.

The complete report is available on the board’s website.

Write to the Editorial Department at editorial@cpbj.com

Leave a Comment

test

Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy

Comments

close
Subscribe to Our Newsletters!
Click Here to Subscribe for Free Now!