Gambling Pays Off in Allegheny County With First Revenue Payment

Opponents of casino gambling are always quick to point out the downfalls of having gambling in a state. In Pennsylvania, Allegheny County is a testament to what can be good about casino gambling.

Allegheny County received their first revenue payment from the state. The money provides a much needed boost to a county that is struggling with its finances.

$19.9 million was given to the county from the state. The money will go towards repaying a debt to the county of $42.5 million it contributed to the construction of a new airport terminal.

The state has established a slot financed state economic development fund, which will contribute $150 million to Allegheny County over the next ten years. The money will be used in various areas for improvements inside the county. Debts will also be repaid with the money.

Bonds that were sold for a county economic development program were also paid off to the tune of $2.5 million from the state. That money also came from money that was generated from gambling revenue.

January 5, 2008
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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