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Sunday, December 2, 2012

Declining Revenues at Presque Isle Downs

Imagine what we could accomplish if instead of sucking $31.5 million from the local economy, we had sensible economic growth?

Published: November 28, 2012
   

Gamblers bet $31.5M on slots at Erie casino


Staff report, Erie Times-News
 
Gamblers wagered $31.5 million on slot machines at Presque Isle Downs & Casino during the week of Nov. 19-25.

The amount returned to gamblers was $28.3 million, the Pennsylvania Gaming Control Board reported.

The gross revenue -- the amount of gamblers' losses -- was $2.5 million, after subtracting $736,012 in promotional free plays.

Of the gross revenue, more than $1.3 million went to the state and more than $1.1 million to the casino.

During a comparable week in 2011, from Nov. 21-27, gamblers wagered $41.7 million. The amount returned to them was $37.8 million.

The record for slots wagers in one week was $57 million, set during the week of July 5-11, 2010.


http://www.goerie.com/article/20121128/NEWS02/311289921/Gamblers-bet-$315M-on-slots-at-Erie-casino

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