PA Second Only to NV in Gambling Revenue

Still well behind, but raking in the cash

Pennsylvania is becoming the new Vegas—or at least the new Atlantic City.

For the second straight year, the commonwealth's casinos are on pace to generate more gambling revenue than every other state in the union but one—Nevada.

In 2012, the state's casinos produced $2.47 billion in slot machine revenue, based on statistics released Thursday by the Pennsylvania Gaming Control Board. That's 2.7 percent higher than in 2011—good news for the casinos, but not so much for the gamblers who lost the money to any of the 26,476 one-armed bandits across the state.