Harrisburg, Nov. 21, 2022 (GLOBE NEWSWIRE) — Pennsylvania Skill, powered by Pace-O-Matic, today applauded the $450 million raised by gambling and gambling interests in October, setting a monthly record. Impressive revenues from Casinos, I-Gaming, Sportsbook and Truck Stop VGTs are generated as Pennsylvania Skill expands its games in the Commonwealth.
According to the Pennsylvania Gaming Control Board, total October revenue is $24.3 million more than October 2021 revenue. PGCB also stated that iGaming hit a record $124.4 million.
“This is all great news for Pennsylvania,” said Pennsylvania Skill spokesman Mike Barley. “Our industry is excited to be a part of what benefits residents at large. We know from our industry that our skill games are particularly supportive of small businesses, fraternities and veterans organizations.”
Barley added that by signing a contract with Dr. Peter Zaleski of Meadows Metrics, former Head of Economics at Villanova University.
“We have seen from these studies that there is no association between casino earnings and playing legal games of skill,” Barley said. “And unlike the extrastate and international companies involved in casino and iGaming, over 90% of the winnings from our Pennsylvania skill games remain in the Commonwealth.”
Pennsylvania Skill supports legislation that would further regulate and increase taxes on skill games. The state could record an additional $250 million in annual recurring revenue if the measure is passed.
Locations with legal slot machines bring tens of thousands of dollars to communities across Pennsylvania. Funds go to fraternal organizations, volunteer fire departments, veterans groups, police fraternal orders, Moose Lodges and countless other community organizations. All games and most of the parts used to build the machines are made in Pennsylvania.
Pace-O-Matic Skill Games are fully regulated in Wyoming and the District of Columbia. Pace-O-Matic’s game of skill, Pennsylvania, was decided by a Court of Common Pleas and ruled a legal game of skill predominating. Pace-O-Matic has since filed an additional lawsuit against the Commonwealth of Pennsylvania in the Commonwealth Court to cement the legal status of the Games.
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