fbpx

Tag: November

State gaming revenue up 4.6% in November

The Pennsylvania Gaming Control Board reported that total revenue from all forms of gaming along with fantasy contests during November was $452,357,922, an increase of 4.59% over the year before.

Sources of gaming revenue regulated by the board include slot machines, table games, internet gaming, sports wagering, fantasy contests and video gaming terminals.

Hollywood Casino at Penn National generated the most revenue: $71,231,136, up 18.53% from last November.

Hollywood Casino York brought in $7,724,232, an increase of 8.2%.

Total tax revenue raised through all forms of gaming and fantasy contests was $181,826,409 in November.

Gross revenue from slot machines was $185,562,394, about the same as a year ago.

Casino games offered online produced gross revenue of $128,639,234 during November, an increase of 37.01%. That was the highest monthly amount of revenue to date.

The Pennsylvania Gaming Control Board oversees all aspects of gambling involving 16 land-based casinos, online casino games, retail and online sports wagering, and video gaming terminals at qualified truck stops, along with the regulation of online fantasy sports contests.

Paula Wolf is a freelance writer

PA unemployment rate hits 4.3%, highest this year

Pennsylvania’s unemployment rate was the highest it has been all year in November after hitting a record low in April.

The Pennsylvania Department of Labor and Industry reported this week that the state had an unemployment rate of 4.3% after hiring 18,000 Pennsylvanians last month.

Pennsylvania’s unemployment rate remains higher than the national rate, which was down by one-tenth of a percentage to 3.5% last month.

November’s unemployment rate in Pennsylvania was one-tenth of a percentage higher than October’s 4.2%. The rate is the highest the state has seen this year after having a string of months with the lowest rate in years.

The state’s unemployment rate began at 4.1% in January but dropped to 3.9% in March, marking the first time that the state hit such a low since 1976. From April to June, the rate stayed at 3.8% before growing back over the 4% threshold in September.

Over the year, employers in the state hired an additional 48,400 people compared to the same time last year. Pennsylvania currently has a record high 6 million people in the workforce.

[class^="wpforms-"]
[class^="wpforms-"]