PHILADELPHIA, PA, United States (UPI) -- Pennsylvania’s gambling establishments are is hoping that Pennsylvania’s new slot machine parlors will earn and estimated $3 billion in annual revenue by the year2010.
Some experts are saying that the money will come to the state at a cost according to a report in the Philadelphia Inquirer. The down side to these slot machine parlors is the added money the state will need for police to patrol the extra traffic brought in from neighboring states and the coast of helping people who become addicted to the gambling machines.
“You would never hire an accountant to just put in the income side of how much you earn if you have a business. You put in the income and expenses and come up with a net figure” said a professor at Hampshire College in Amherst, Mass., who has written many papers on the effect of casinos on local economies.
The person in charge of tracking the gambling industry for Susquehanna Financial Group L.L.P. said “Pennsylvania will have to build a customer base while facing intense competition from New Jersey, Delaware, Connecticut and New York”.