Pennsylvania Online Gambling – On Saturday, July 14, 2018, the Pittsburgh Post-Gazette broke the news that three Pennsylvania based casinos have completed the $10 million state licenses application.
Pennsylvania’s deadline for the 13 casinos that seek bundled licensing which would allow them to provide legal web-based poker, table games and slot machines for real money.
Although all of the states have some form of land-based casinos only select states that currently allow legal only gambling for real money from anywhere within the state’s borders.
It’s advantageous for Pennsylvania’s 13 casinos to act now and apply for the $10 million license which entitles access to a full range of games. If the casinos miss this deadline then they have the option to apply over the next month for separate $4 million dollar licenses for poker, table games or slots. It is unclear if those who did not apply will simply decline to enter the online legal gambling market altogether.
The best example is in New Jersey, the most comparable state to Pennsylvania where online gambling already exists. It provides revenue exceeding $200 million annually, which is about 10 percent of what comes from patrons who walk into casinos there, and officials in that state say it has not reduced the volume of activity within the casinos.
The online gambling application process and deadlines are unrelated to the potential for sports betting in Pennsylvania. The existing casinos are able at any time to submit applications to the gaming board for the sports betting licenses, which themselves cost $10 million, but none has yet done so. Regulations are still being finalized for sports betting, and operators have raised concerns about the tax rate for it, but it could begin taking place sometime during football season at Pennsylvania casinos and through their online accounts.