U.S. slot inventory to expand

Sep 27, 2005 12:57 AM

According to industry experts, the U.S. slot machine market should grow from about 800,000 machines to 900,000 machines over the next year.

Fueling growth will be the placement of machines in new jurisdictions such as Pennsylvania, Florida and Oklahoma.

In Pennsylvania, 10 manufacturers have submitted license applications to regulators. However, experts believe it will be late 2006 or early 2007 before the jurisdiction will be fully functional.

If so, then it won’t be until 2008 before Pennsylvania began issuing Class III licenses.

In Florida, even though the voters and governor have endorsed slots, the legislature is still struggling over details of legalization, as well as determining a tax rate.

And in Oklahoma, new Class III machines could replace about 30,000 Class II games, which are currently under scrutiny as not conforming to gaming law.