The gambling industry in Pennsylvania is expanding at a jaw-dropping rate. To fuel the craze even more, last year, the House passed a bill legalizing online gambling. Currently, Pennsylvania is in second place in commercial casino revenues. The new law passed mostly uncontested for reasons of finding a new source of tax revenue.
Though money from licensing isn’t the biggest source of income yet, gambling revenue so far has exceeded all expectations surpassing $385 million in the following year after the law was approved. The biggest contributor to the whopping number was Cordish Companies, which plans to open a mini casino facility at Westmoreland Mall, Western Pennsylvania. A similar development is expected in York County
A substantive argument about the bright future of gambling in York County is the truck stop video gaming terminals deal that went down earlier this year. One of the venues to be retrofitted is the Rutter’s Farm Store found on Leader Heights Road in Springfield Township. Another 20 Rutter’s stores are under consideration, those in York and Wrightsville included in that number.
According to Dough Harbach, 23 truck stop locations across the state of Pennsylvania have already been selected for the installation of video gaming terminals. The appointed sites are awaiting evaluation visits that will show whether everything is in check for the launch in 2019. Sunoco is one of the big gas stations names that will be hosting gaming terminals
By the numbers, five or fewer VGTs will be allowed at any given truck stop. Each piece of equipment installed will have passed the regulatory process for slot machines. The randomly generated outcome will give an even-handed chance of success to all players – the gaming board states. The VGTs will process only cash bets, with a maximum input cap of $5. Max payout will be set at $1000. Around 52% of all VGT income will be paid out to the state.
PlayPennsylvania.com analyst Jessica Welman points out that the state’s valiant effort to sew up budget holes has paid off, but If the idea will pan out in the long run, remains to be seen. It will be known for certain only after a critical number of operating casinos and bookies is reached.
Penn National Gaming Confirms plans for York Galleria Mini-Casino
In early September, Penn National Gaming Inc secured a deal on a Springettsburry Township mall casino admits Eric chippers in an email. Said casino will sustain roughly 500 slot machines and 20 tables. It, however, is plotted out to host 750 and 40 table games according to Penn National Gaming’s expert opinion. The gambling operator officials believe that the Springettsburry facility, coupled with a newly obtained casino license in Berks County will crank up the state gaming revenue.
Not only will the casino open up 200 permanent job opportunities, but Springettsburry Township manager Benjamin Marchant is hoping on a refurbished and reorganized interior. Something that will attract more visitors. While Marchant is looking forward to a change in looks, mall officials count on a consequent paradigm shift in the way the York Galleria operates. They believe the new casino will funnel in traffic and new business prospects.