Blog

Gaming Money Flowing In

 

While there is a dust-up between the City and the oversight board over money that comes via the “host fee” the Rivers Casino provides to the City (but by law is intercepted by the oversight board and to be directed toward specific uses-see page 9 of our 2013 report) moneys from casinos across the state for economic development purposes are continuing to come into Allegheny County for the airport, convention center, hockey arena, and retirement of old debts.

At then end of 2015 a total of $344 million had been distributed to the various parties in the County as authorized by the gaming law, and that represents about 53% of the total amount authorized.

2015 gaming money

 

Allegheny Institute

The Allegheny Institute is a non-profit research and education organization. Our mission is to defend the interests of taxpayers, citizens and businesses against an increasingly burdensome and intrusive government.

Picture of Allegheny Institute
Allegheny Institute

The Allegheny Institute is a non-profit research and education organization. Our mission is to defend the interests of taxpayers, citizens and businesses against an increasingly burdensome and intrusive government.

Subscribe to Our Newsletter

Weekly insights on the markets and financial planning.

Recent Posts