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US274.9m To Racing From Pennsylvania Casinos
The Pennsylvania Gaming Control Board’s annual report revealed “Pennsylvania’s 10 casinos (racetrack & stand-alone) generated US$274.9 million for the state’s Race Horse Development Fund in fiscal year 2010-11” reported bloodhorse.com. The figure is up 5.86% from US$259.7 million in fiscal year 2009-10. The top generator of racing funds was Parx Casino & Racetrack (formerly Philadelphia Park) at US$44.6 million. Under the law that legalised slot machines in Pennsylvania, racetrack casinos paid 12% of gross revenue to purses, breed development & other programs, while non-racetrack casinos paid 6%.