They have called on the state legislature to act quickly or introduce alternative revenue streams – many looking at the proposals to regulate online gambling as a way out of the predicament. Municipal leaders have said that – if the casino tax is scrapped – local taxes are going to have to rise substantially. In some municipalities, the local share tax contributes up to 10% of their income. Municipalities Look to Online Gambling for New Revenue Stream Or it did until last month, when the Supreme Court ruled that the tax was unconstitutional and ordered that the legislature come up with a fix within 120 days or scrap the tax altogether. The local share tax generates around $140 million per year in tax revenues for municipalities and counties statewide. They passed an Act requiring casinos to pay 2% of their slot machine revenues (or a minimum of $10 million) as a “local share tax”. In 2004, Pennsylvania legislators decided that the benefits generated by the presence of a casino were not enough for the local economies. This in turn creates jobs and benefits the local community as a whole. It brings visitors to the area, who spend money on hotel accommodation, local services, and food and drink. In most locations around the world, the presence of a brick-and-mortar casino is a good thing. A recent ruling on the “local share tax” that casinos pay on their slot machine revenues could thwart efforts to regulate online gambling in Pennsylvania.
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