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Pennsylvania is the next State in the US to regulate online Casino

For: iPhone
 
Developers Corner submission by Steel Media
Pennsylvania is the next State in the US to regulate online Casino

After a long and anticipated wait, Pennsylvania have now regulated the online casino market in the state. Governor Tom Wolf signed the bill and the law is expected to rollout under 2018.

Pennsylvania is the 4th state to legalise online gambling

After Nevada, New Jersey, and Delaware, Pennsylvania will be the 4th State in United States to legalize online gambling. The regulation came quick after the legislature passed the gaming bill.

The regulation in Pennsylvania includes online casino (tables games and slots), Daily fantasy sports, sportsbetting and more to be included.

Tax Revenues from Online Gambling

With a 54% taxation on online gambling in Pennsylvania, the tax revenues for gambling will increase in the state. The legislator was fully aware that many citizens of Pennsylvania are playing at non-regulated online casinos. By regulating online gambling it will safeguard the citzens of Pennsylvania better.

The tax for online gambling is the same as for the Brick and Mortar casinos in the State. The tax procentage sounds very high compare to New Jersey Casinos which pay 17.5% tax. Nonetheless, hopefully the online casinos in NJ that applies for a Pennsylvania license are able to deduct players bonus cost from the tax.

Is the tax for online gambling too high?

With the high tax of 54% some believe that the state could find themselves with several unclaimed licenses after the application period. With a lower and more favourable tax like New Jersey.

The tax income would increase with an adjusted tax rate. As this would lead to more license applications from Brick and Mortar casinos. Hopefully the tax will be adjusted once the gaming bill come into play and will favour both the state pf Pennsylvania in terms of tax revenue and for the licensed casinos.

Applying for a Gaming license in Pennsylvania

Now when the bill is confirmed, all Brick and Mortar casinos based in Pennsylvania have 90 days to inform the legislator if they wanna apply for a license. Once the 90 days have passed, another 120 days window for applying will be opened.

Legislators in Pennsylvania believe that the initial roll out will be in Q3 or Q4 of 2018.

Will Pennsylvania regulate Online Poker?

Pennsylvania will regulate Online Poker as well after a 5 year long wait. The question is if Pennsylvania will share the poker liquidity with other States. To increase the player pool. Hopefully we get some answers by the middle of 2018.

Regulating Pennsylvania can open more States

Many states in the US are contemplating to regulated and legalize online gambling. Pennsylvanias regulation will defintely be a wake up call for many other states, such as New York, California, and Florida. To read more about the Pennsylvania online gambling scene, we recommend you to visit OnlineCasino-PA.com. They will give you whole rundown of the regulated online gaming market in Pennsylvania.

Law Makers opposing the Gambling bill

After the gaming bill was passed by Governor Tom Wolf several lawmakers opposed the bill. They claimed they hadnt had enough time to read through the 500 pages long bill. To the contrary the bill have existed now for 3 years,. There have been 50 hearings over the 3 years which to believed by many to be enough time to establish a correct online gaming law.

Gaming Oversight Chairman Scott Petri believe if the gaming bill would be sent back for vetting. The bill would die and never seen the lights again.

 

 

 

DISCLAIMER: This article has been submitted via the PG Business Network and does not represent the views of Pocket Gamer.

Published on 23 November
 
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