Four Pennsylvania Senators have announced that they have introduced a new online gambling bill this week, hoping to legalize and regulate the activity to create additional revenues for the Keystone State.
SB900 was introduced to the Pennsylvania State Senate by Senator Kim Ward. The bill was co-sponosred by Sen. Robert Tomlinson, Sen. Elder Vogel and Sen. Joseph Scarnati, and would legalize online gambling in Pennsylvania, albeit restricting online licensing to existing land casino owners.
Under the terms of the bill, licensing would be handled by the Pennsylvania Gaming Control Board, and would set a rate of $10 million for a 5 year application. After the initial 5 year term, casinos would be given the chance to renew their license for a fee of $1 million. A GGR tax rate of 54% is also included in the bill.
The bill does not a bad actor clause, which will allow offshore operators to potentially partner with land casinos to offer their games.
Those interested in reading the full language of the bill can do so here.