Lottery sales see boost from PA slots and table games
In an annual report released last month by the Pennsylvania Legislative Budget and Finance Committee (LBFC), state lottery sales were shown to have increased since the state’s 2010 legalization of casino table games.
Partly a result of Pennsylvania’s participation in the multi-state Powerball game, the increase in lottery sales is good news nearly a decade after the state legalized casino slots in 2004.
The annual examination of the effects of casino gambling on lottery sales was mandated by a provision of the 2004 “Act 71”, which created the Pennsylvania Gaming Control Board (the state’s licensing and regulatory body for casino gambling).
From 2004 – 2010, before table games were legalized, the LBFC report found sales numbers holding. The lack of growth invited concerns that the lottery may be on the losing end of Pennsylvania’s new gambling laws.
Over the past two years, however, the LBFC report has shown an unexpected increase in lottery sales. In 2011, lottery sales grew 5.3 percent, then grew again by 9.9 percent in 2012.
The April report concludes that the results of the past two years “indicate that the impact of casinos on Lottery sales may be less significant than the previous data suggested.”
In his discussion of the LBFC report and its findings, Senator Wayne Fontana also presents data from the gaming industry, which show about a 9 percent increase in table game revenues this March as compared to March 2012.
Overall, the gaming industry grew 1 percent over last year’s figures, generating $296.7 million in gross revenue this March. This created about $9 million in state revenue through taxes.
The complete results of the April 2013 report can be found on the LBFC webpage, http://lbfc.legis.state.pa.us/ , under “Reports Released”