Pennsylvania Senator calls for legal online gambling in 2017

Published on January 16, 2017 in Industry News

Pennsylvania online gamblingThe year has just started and there are already big potential changes taking place in Pennsylvania. State Senator Jay Costa recently announced that he plans to push a bill that will legalise online gambling and daily fantasy sports (DFS) in the state.
 

“The omnibus gaming bill being introduced by the Keystone State Senator is predicted to bring in a possible $137 million in tax revenue.”

The bill will also include the authorisation of the state lottery to offer casino games as well as the rectification of tax on land-based gaming facilities. These changes will provide the revenue needed by host jurisdictions.
 

Potential revenue breakdown

In order to save the states over-drawn budget, Costa outlined the potential revenue income that could be provided by the legalisation of online gambling. The potential tax revenue of at least $125 million can be broken down in the following manner.

  • Internet Gaming Licensing Fees = $10 million each
  • 10x Available Licences = $100 million
  • Internet Gaming Vendor Fees = $5 million each
  • 5x Available Vendor Fees = $25 million
  • Licensing Fees for DFS Operators = $2.5 million each

After two bills didn’t make it past the Senate in 2016, online gambling and US casinos have become a priority for many lawmakers this year. As much as the current proposed bill would be ideal, there are still potential revisions to be made.