Pennsylvania Sets Up to Vote on Sportsbetting

It's expected that lawmakers in Pennsylvania will soon vote to legalize sportsbetting within their borders and the Pennsylvania Gaming Control Board is meeting to vote on the proposed regulations in advance.

The regulators will vote on the final regulations, which will then be put in front of lawmakers to give a thumbs up or a thumbs down. The proposed bill that currently is awaiting vote would see operators paying a $10 million licensing fee, as well as a 2% local tax and 34% state tax. This is much higher than what companies face in competing states.

It's thought that the regulators will discuss the wagers that will be allowed as well as system testing and responsible gaming features.

The board is also expected to discuss the pending online casino applications. Thus far, nine operators have submitted licenses to offer online slots and table games to punters.

We'll keep up on this story and update readers as we learn more.

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bgsharpe
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23 August 2018 - 12:37pm
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Well, nine operators interested don't seem a so huge of a number to me but maybe it isn't that bad,.

The taxes plus the licensing fee looks enormous and in the end this could easily reflect over the players because it's pretty much possible for the bookies to tighten up the odds and their general conditions which would make the house edge bigger which means the companies would be compensated for the higher taxes by the players bigger losses...maybe this is just a guess from my side...but I think it's quite likely scenario.

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