For more than three decades, New Jersey casinos were the highlight of tourism in the Garden State. That level of prosperity began to take a downward slide about 5 years ago, when neighboring states started opening their own slot machine destinations. Thanks to the intense efforts of area developers, new alternate entertainment venues and convention … [Read more…]
Although Las Vegas and Atlantic City are often considered the highest grossing gambling destinations in the US, you might be surprised to learn that Pennsylvania is ranked 2nd among states harvesting the most revenue from gambling (Nevada being 1st, of course). According to representatives from one popular slots casino in the Keystone State, Mount Airy, … [Read more…]
Texas is a vast landscape teeming with opportunities, and while many have implored the state to make casino gambling one of them, that has yet to happen. There are numerous Texas gambling bills on the table right now, but the odds of any receiving the 2/3 legislative approval necessary to bring a vote to the … [Read more…]
For nearly four decades, fans of the slot machines have been paying taxes only on winnings that equate to $1,200 or more. But now, thanks to a new proposal by the Internal Revenue Service (IRS), the threshold for taxable casino winnings could be cut in half. The IRS is proposing that casino winnings should be … [Read more…]
Maine is home to just two licensed casinos, Hollywood Casino Bangor and Oxford Casino. Every month, the Gambling Control Board releases revenue reports detailing the financial status and tax contributions from each casino’s range of gambling amusements. In the board’s annual report for the year ending 2014, it was revealed that slot machine wagers have … [Read more…]
Walk into any fully equipped casino in the United States, and it won’t take long to notice the ratio of slot machines to table games is vastly one-sided. The same is true at two of Maryland’s largest casinos, Maryland Live! and Horseshoe Casino Baltimore. Generally, this set-up produces more revenue for operators and state tax … [Read more…]
When you consider the state of Ohio didn’t see its first legally licensed and regulated casino open until May 29, 2012, it’s rather amazing to comprehend that there are now 11 fully operational commercial casinos and racinos functioning around the state. 2014 saw the grand opening of Ohio’s last three racinos, where patrons can bet … [Read more…]
A few months ago, Las Vegas-style casino operators in Ohio pilfered a brilliant idea from their neighboring racinos. They requested approval from the state to install outdoor slot machines in an effort to better accommodate their smoking patrons. The Ohio Casino Control Commission approved the request on Wednesday, and Toledo’s Hollywood Casino immediately got to … [Read more…]
Massachusetts has been anticipating the upcoming installment of several land-based casino resorts since the state approved the issuance of up to four licenses for suitable operators in 2011. Three licenses have already been granted, but officials are still ironing out some of the regulatory details. Yesterday, the Gaming Commission approved a pilot program that will … [Read more…]
For nearly two decades, Delaware has maintained a strict policy on its casinos that restricted them to maintaining slots within their respective establishments. There are currently three casinos operating in the state, but the revenue results haven’t been too inspiring lately. Gov. Markell’s administration came up with a plan to bail out casinos by allowing … [Read more…]