This story was published more than 9 years ago.
A bill that would legalize gambling in the U.S. state of Pennsylvania has been amended, effectively lowering the licensing fee and high tax rate on any possible internet gaming operators.
The amendments saw the tax rate on gaming operator revenues lowered to 20% from the original 45%, and the licensing fee in the Keystone State lowered to $10 million from $16.5 million.
The proposed bill would also keep Pennsylvania from entering into interstate agreements in order to protect the state's land casinos. Currently Pennsylvania brings in the second highest gaming revenues in the country due to many successful land based sites located within its borders.
It is currently unknown whether the bill stands a chance of being passed into law. There is apparently little interest in the issue from the state's Republicans, who control the House, causing concern among those who see internet gambling as the future breadwinner in the betting industry.