Back to Top

Star-Telegram - What do you think about casino gambling in Texas?

As Texas Comptroller this is not within this office’s scope of control, and I would not be in favor of any Government Subsidies for gambling or gaming.   What I can tell you is the fiscal facts.  For decades, Las Vegas was the only place in the United States where casino gambling was legal. But in the late 1970s, Atlantic City, N.J., followed suit. Since then, more and more state and local governments have gotten into the game, lured by the promise of new jobs and tax revenues. Forty states now permit some form of casino gambling.  Recapturing revenue lost to neighboring states is now the primary reason why states legalize gambling.  In 2012, the state's 26,476 one-armed bandits across the state casinos produced $2.47 billion in slot machine revenue, that's 2.7 percent higher than the previous year.  All those losses generated more than $1.3 billion in tax revenue for the state, about 2 percent higher than in 2011. Slot machine revenue is taxed at roughly 55 percent, with the proceeds going mainly toward property tax relief.  With all this talk you might be thinking I’m talking about Nevada, but this is actually Pennsylvania.

 

  • Global casino gaming revenue ………. $159.71bn

  • Global revenue of Las Vegas Sands ………. $13.77bn

  • Number of casinos in North America ………. 1,623

  • U.S. casino gaming market revenue ………. $65.497bn

  • Number of casinos in the U.S. .……. 1,511

  • Gross gaming revenue of Las Vegas Strip, Nev. .………. $6.207bn

  • Total number of casino employees in Nevada ………. 174,381

  • Poker room revenue of Nevada casinos ………. $123.89m

  • National tax revenue from Pennsylvania commercial casinos ………. $1.487bn

  • Average annual salary of casino employees in Nevada ………. $41,450

  • Revenue per employee of casinos in Nevada ………. $126,230

  • Annual Visitors to Las Vegas ………. 39,668,221

  • Convention Delegate Attendees ………. 5,107,416

  • Annual Number of Conventions in Las Vegas ………. 22,027

  • Annual County Government Revenue in Las Vegas ………. $9.70bn

     

    Las Vega Visitor Profile 2013

    http://www.lvcva.com/includes/content/images/media/docs/2013-Las_Vegas_Visitor_Profile.pdf


Political Advertisement paid for by Ben Sanders campaign
Powered by CampaignPartner.com - Political Campaign Websites
Close Menu