Next month, the state must certify whether the fund has enough money to provide property tax cuts. Gov. Ed Rendell's administration said that there will be money for tax cuts.

But with a month to go, the fund hasn't reached the threshold to ensure that homeowners receive tax cuts, according to the administration.

The account had a balance of $456 million as of March 16, according to the Governor's Office of the Budget. Under state law, the fund must contain at least $570 million for the state to distribute money to reduce homeowners' property taxes.

It's not clear what will happen if that threshold isn't met by April 15, the date of certification.

"We are confident that gaming revenues will come in at a sufficient level to provide sustainable property tax relief this year," said Susan Hooper, a spokeswoman for the budget office.

Hooper said that the March 16 figure does not include gambling revenue from February and March. Hooper wrote in an e-mail that when the February gambling revenue is added in, the fund should have about $505 million.