Gambling in the USA
Casinos to Get a Tax Refund in Pennsylvania

The Supreme Court of Pennsylvania has ordered the authorities to give refund to the casinos. It was the money paid by the most successful venues to a special fund created to aid gambling venues underperforming financially.
According to Act 42, Pennsylvania casinos have to pay a percentage of its gross terminal revenue from its slot machines. The scheme would remain until all casinos exceeded annual targeted slot machine revenue caps. Those were set at US$200 million for the largest operations and US$50 million for smaller ones.
According to Chief Justice Thomas G. Saylor, the funding formula would have only seven casinos eligible for allotments based on their 2017–18 financial performance. Two would receive mandatory US$4 million distributions, two would get US$2.5 million and another would receive US$500k.
The court had barred the state to distribute the money, so it remains in the fund.
“Any advantage that a high-earning casino which does not qualify for an automatic distribution might receive from the gaming industry being ‘up and running’ throughout Pennsylvania is too speculative to be considered a benefit proportional to the amount of money it must pay into the (Act 42) account,” Saylor wrote.
-
Asia4 days ago
Digital gaming disruption tackled in 1st AsPac Regulators’ Forum
-
Asia7 days ago
PAGCOR chief pushes for stricter regulation, not online gaming ban
-
Conferences in Europe7 days ago
New Gamification Academy at SBC Summit to Present Fresh Approaches to Player Engagement
-
Asia6 days ago
BGCS and BGMS league stages conclude; rising stars set to meet pros in the playoffs
-
Latest News6 days ago
High Roller Technologies and Flows partner to launch player engagement experiences, with technical integration complete in record time
-
Central Europe6 days ago
Football Stats Startup Challenges Multi-Million Company With Free Publication Of Blueprints
-
Asia7 days ago
8MBets: Online Casino Bangladesh Announces a Mobile-First Upgrade Centered on its Casino App and an Expanded Game Lineup for Local Players
-
Latest News6 days ago
The Current State of the German iGaming Market and Its Role in Europe