PA sees record revenue, handle from sports betting in September

PA sees record revenue, handle from sports betting in September

The Pennsylvania Gaming Control Board announced Thursday that September 2019 saw state casinos and sports book operations earn almost $14.9 million in revenue on over $194.5 million in bets made. Both are state records. 

Sports betting has slowly expanded in the Keystone State, with various outlets opening gradually since November 2018. Online betting started earlier this year, making September the first month with full options available comparable to other states during the peak betting season of college and pro football.
Tuesday, October 22, 2019/Author: Marco Cerino
Categories: News and Views
Rep. Rabb introduces “Fair Share Tax”

Rep. Rabb introduces “Fair Share Tax”

When the General Assembly reconvenes later this month, legislators will be looking for long-term revenue sources to continue the bipartisan success of June’s budget process. Rep. Chris Rabb (D-Philadelphia) has a plan he says could bring over $2 billion annually to state coffers. 

 

Rabb submitted HB 1738 in late August. Dubbed the “Fair Share Tax”, the measure would lower income tax rates for most Pennsylvanians, while increasing the wealth rate

Tuesday, September 3, 2019/Author: Marco Cerino
Categories: News and Views
February state revenue collections reported

February state revenue collections reported

State revenue collections for the month of February were reported this week, with monthly and year-to-date collection totals coming in over estimate.

 

According to the Department of Revenue, Pennsylvania collected $3.6 billion in February, which is $406.3 million or 12.8 percent more than anticipated. Year-to-date collections, the department reported, were $20.9 billion through February, which is $496 million or 2.4 percent above estimate.

Friday, March 2, 2018/Author: The PLS Reporter
Categories: News and Views
Farm Show transaction, gaming expansion money leads state revenue to exceed expectations

Farm Show transaction, gaming expansion money leads state revenue to exceed expectations

The Department of Revenue and the Independent Fiscal Office released information Thursday on how state revenue collections matched up with expectations, and both reported that January revenue numbers exceeded expectations.

Thursday, February 1, 2018/Author: Jason Gottesman
Categories: News and Views
Rep. Grove bills would reform revenue estimate process, provide more information to IFO

Rep. Grove bills would reform revenue estimate process, provide more information to IFO

Seeking to take out what he sees as the politics of forecasting future revenue, Rep. Seth Grove (R-York) recently introduced two bills that would reform how the Commonwealth arrives at its annual revenue estimate and what information the Independent Fiscal Office is able to see when determining its revenue forecasts and provides independent information to the legislature about state finances.

Friday, January 12, 2018/Author: Jason Gottesman
Categories: News and Views
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