Slots Bring Good and Bad Things for Pennsylvania Property Owners

pennsylvania-state-75x59In 2004, Gov. Ed Rendell legalized land based casinos as a way to help property owners in Pennsylvania get rid of the burdensome school property taxes. Ten years later the revenue of the slot machines indeed helped with the significant growth of tax and completely eliminated it for many low-income seniors. However, the analysis of state Education Department data from the Associated Press shows that despite the rise of the gambling industry in Pennsylvania, the casinos didn’t generate enough revenue to put a big dent in the majority of homeowners’ tax bills. In other words, the casino revenue cannot come close to matching the property taxes that school districts collect.

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