Pennsylvania this year has eclipsed New Jersey as the number two gambling market in the country. (We don’t need to tell you who’s #1.)
“Casino and gaming revenues in the Northeast are shifting away from Atlantic City toward neighboring states, especially Pennsylvania,” said the report from Moody’s Investors Services.
Pennsylvania, which opened its first casino in 2006, led the nation with $1.5 billion in gaming-related taxes last year. Comparable tax revenues plunged by 49 percent in the same period in New Jersey, falling from $570 million to $291 million.