Pennsylvania Becomes the Fourth US State to Offer Legalized Online Gambling
Pennsylvania finally did it! The US state is the fourth in the country to legalize online gambling. Tim Wolf, Pennsylvania’s Governor signed an expansive gambling package into law last week. House Bill 271 was approved last week by both the House and Senate. The bill allows for legalization and regulation of online activities such as table games, slots and poker within the state’s borders.
What this means for the state and current land-based casinos is that all land-based operations can apply for online gambling licenses to offer its players online activities across tablet, mobile and desktop devices. Licenses are expected to cost $10 million each with some costing a lesser amount depending on market sectors etc.
Online slots are scheduled to be taxed at a rate of 54% while poker and table games 16%. State lottery was also given the go-ahead to start selling tickets online. The bill is great news for the state, but some aren’t too happy with the details such as Chris Sheffield, Senior Vice-President and Managing Director Interactive for Pennsylvania’s operator Penn National. Sheffield is criticizing the tax rate for online slots saying its “completely unworkable”.