By Carl Davidson
Our local conservative newspaper, the Pittsburgh Business Times, carries an instructive story this morning, July 21, 2011, about how to solve our revenue problems, only it fails to make the critical point. So I’ll lend a hand. It says:
“Pennsylvania casinos brought in $81.4 million in tax revenue from table games during the fiscal year that ended last month, according to the Pennsylvania Gaming Control Board. Of that, about $71.3 million went to the state’s general fund and another $10 million went to local municipalities and counties that host the state’s 10 table game casinos.
“The Rivers Casino on the North Shore was responsible for $8 million in state tax revenue and $1.2 million in local payments through its table games operations during the past fiscal year.”
It goes on to break the numbers down even more.
Now I can enjoy a day at the Casino. I recently took my Mom and stepfather, a retired J&L worker, to the Rivers for his 84th birthday. I hit the nickel slot for $1.50 on my first try, but ended up leaving $5 in the hole.