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Pennsylvania Slots Revenue Declines for Third Consecutive Month

April 3 (Bloomberg) -- Revenue from Pennsylvania’s slot machines sank 5.7 percent in March compared with a year earlier, the state Gaming Control Board said yesterday.

The decline to $216 million in gross slots receipts from the state’s 12 casinos marks the third consecutive drop. Excluding a facility that opened in July, slots revenue from the 11 venues operating in 2013 fell 6.7 percent last month from March 2013, according to the agency, which oversees the industry.

Proceeds from slots and table games go toward credits against property taxes for school districts. Local governments and the horse-racing industry also get a cut.

Pennsylvania received $1.5 billion in tax revenue from gambling for the year ended in June, according to the board. The state’s first casino opened in 2006.

To contact the reporter on this story: Romy Varghese in Philadelphia at rvarghese8@bloomberg.net

To contact the editors responsible for this story: Stephen Merelman at smerelman@bloomberg.net Mark Tannenbaum

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