Politicians in the state of Pennsylvania have launched a bill that would allow for internet betting in the Keystone State.
The bill is formally known as HB1235 and was written by Democratic Representative Tina Davis. The bill would allow for internet gambling, but would require operators to pay a $5 million licensing fee and a 28% tax rate. As heavy as those numbers may seem, they are down from the initial $16.5 million fee and rate of 45%.
If the bill is successful in becoming law, it would put the Pennsylvania Gaming Control Board in charge of regulating and licensing the new industry.
Representative Davis has worked hard of getting the support of her fellow politicians on HB1235, saying that it would create a large amount of tax revenue, keep the state competitive against Delaware and New Jersey (who have already enacted online gambling laws), and create jobs.