It has been years since lawmakers in Pennsylvania initially floated the idea of legalizing online gambling, and now the wheels are finally in motion. Of the state’s 13 casino licensees, nine have come forward to apply for online gambling licenses in hopes of being able to provide local players with the chance to play casino games from the comfort of their own homes.
How Will Online Gambling Work In PA?
As is the case in New Jersey, the land-based casinos located within the state will be able to apply for casino licenses. Once they have been approved, they will be required to pay a $10 million licensing fee before they can begin offering their services. The nine casinos that have applied for licenses are:
- Harrah’s Philadelphia Casino & Racetrack
- Hollywood Casino at Penn National Race Course
- Mount Airy
- Parx in Bensalem
- Rivers Casino
- Sands Casino Resort Bethlehem
- Stadium Casino
- SugarHouse Casino
- Valley Forge Casino Resort
There are four casinos in Pennsylvania that have missed the deadline for full online gambling licenses; however, they still have until August 14 to submit applications for individual licenses at a cost of $4 million each.
Once the casinos have received their licenses, they will be able to offer a range of online gambling activities. Each one will be taxed at a different rate:
- 15% for daily fantasy sports
- 16% for table games and poker
- 54% for slots
- 36% for sports betting
While this seems quite high for online slots taxes, it wasn’t always going to be this way. For several months, lawmakers debated a lower tax for this particular casino – but, in the end, it was decided that this would be best for the local gaming market.
Venturing into the Online Gambling World
Pennsylvania casinos will be entering new territory when it comes to bringing online gambling activities to local players. As such, they will need to enlist in the expertise of experience digital gaming operators. So far, we have seen a few partnerships blossom already.
Mount Airy Casino and Harrah’s have plans to work with 888, one of the leading online casinos. The company has been around the online gambling market for nearly two decades, and is the host of a successful casino, poker room and sportsbook. Another partnership will see Penn National team up with Scientific Games, while Valley Forge is rumored to be working with Party Poker’s own, GVC.
This is an incredibly exciting time in America’s gaming industry. Online gambling is already booming in New Jersey and Nevada, and Pennsylvania will be the next state to take advantage of the significant benefits that legalized online gambling awards – including increased land-based profits, additional tax revenue and job creation.