Field of Schemes
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July 16, 2004

Pens getting casino discount?

In his weekly Q&A with readers, Pittsburgh Post-Gazette sportswriter Dejan Kovacevic notes that the Penguins' projected take from a slot-machine casino is a staggering $168 million a year, far more than enough to pay off a proposed arena should the Pens get the one available Pittsburgh-area license. (No decision on this is expected until mid-2005.) If Kovacevic's numbers are right - and he himself notes that the Penguins have been mum so far on this matter - the state of Pennsylvania appears to have severely underpriced its slots licenses, since even at half that level of revenue they'd have applicants beating down the door to run slots parlors. Not all subsidies are tax subsidies.

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