Pennsylvania Harness Horsemen's Association
  • Home
  • Welcome!
  • About the PHHA
  • Join the PHHA
  • PHHA PAC
  • Philanthrophy
  • PA Harness Week
  • PHHA Blog
Pennsylvania Harness Horsemen's Association

PGCB ANNUAL REPORT DETAILS HOW RACING CONTINUES TO BENEFIT PA RESIDENTS AND THE ECONOMY

4/28/2017

0 Comments

 
Picture
Once again, in 2016, slot machine revenue was significantly higher on race days vs. non-race days at PA tracks. That's just some of the good news highlighted in the 2016 Annual Report from the Pennsylvania Gaming Control Board, and it shows how strong and mutually beneficial the relationship is between horse racing and casino gaming.

So, why exactly is that great news for PA residents?
For every dollar of slot machine revenue, 54 cents is returned to Pennsylvanians. That means when more money is wagered, more money becomes available for things like property tax relief, local government grants, economic development and tourism promotion.

But the horse racing industry by itself produces strong economic benefits. According to the report, "Individuals and businesses are continuing to participate in live racing in Pennsylvania. More than 18,000 horses raced in Pennsylvania in 2016 making more than 83,000 starts throughout the year. This enhances the agricultural economy as horsemen do business within the Commonwealth by purchasing goods and services to support their operation. Horse owners also maintain a staff and hire individuals such as trainers, grooms, veterinarians, blacksmiths, farm hands, exercise walkers, hot walkers, and drivers who all work in Pennsylvania."

In short, PA horse racing attracts investment that results in more money and more jobs. And because slot machine gaming increases on race days, more money becomes available for tax relief and local community projects. And that's good news for everyone.
0 Comments



Leave a Reply.

    Archives

    June 2025
    May 2025
    April 2025
    March 2025
    February 2025
    January 2025
    December 2024
    November 2024
    October 2024
    September 2024
    August 2024
    July 2024
    June 2024
    May 2024
    April 2024
    March 2024
    February 2024
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    February 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    March 2020
    February 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    January 2017

    RSS Feed

Picture
Picture
Picture
Picture
Picture