Parx Casino plans to be the first to launch regulated sports betting in Pennsylvania, as the PGCB authorized Parx and Penn National at its Oct. 3 meeting.
And then there were three. On Sept. 25, Harrah’s Philadelphia became the third Pennsylvania casino to apply for a permit to offer sports betting.
With revenues of more than $40 billion and taxes paid in excess of $9 billion, 2017 was a record year for the commercial casino industry in the US.
Seven Pennsylvania casinos filed suit alleging some of Pennsylvania Lottery’s iLottery games infringe on their exclusive rights to offer casino-style games.
New Jersey has eight sportsbooks generating revenue along with a mobile betting app. Meanwhile, Pennsylvania’s still searching for sports betting applicants.
The Stars Group and Mount Airy Casino in Pennsylvania are partnering up to bring the PokerStars and BetStars brand to a second US state.
Sports betting odds won’t look the same in every state that decides to regulate. In states with really high taxes like Pennsylvania, they may be terrible.
Pennsylvania celebrates nine online gambling license applications. The message to other states is high taxes and fees are no deterrent–don’t listen!
After speculation the taxes and fees for iGaming were too steep, PA had nine casinos apply for the $10 million comprehensive interactive gaming license.
The state’s adherence to an oppressive online gambling tax rate could be the reason why casinos have been reluctant to jump online in Pennsylvania thus far.