PA liquor board reports record revenue
The Pennsylvania Liquor Control Board (PLCB) reported the state-operated Fine Wine & Good Spirits stores took in a record $2.24 billion in revenue during the 2013-14 fiscal year, up $67 million or 3.2 percent from the previous year.
The PLCB is the largest purchaser of wine and spirits in the US and operates 605 stores across the state. In 2012-2013, stores generated about $2.2 billion in sales with the PLCB returning more than $512 million to the state treasury. Created in 1933, the PLCB is one of a handful of US states that participate in the distribution process to control the sale of alcohol and is governed by a three-member board.
A record $526 million in liquor tax, sales tax and transfers was contributed to the state’s General Fund, representing a $13 million increase from the previous year.