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Make it Nine! Majority Of PA Casinos Apply To Offer Online Gambling

Nine parrots on a branch At most, they might be strutting around their offices with satisfied smirks on their faces. The structure for PA online gambling is burdensome to operators, imposing that $10 million fee and an astounding 54-percent tax on online slot machine revenue. When those numbers were first announced, there was speculation that some casinos would abandon their online plans entirely. Operators indeed balked and threatened to abstain. A representative from Penn National Gaming, which owns Hollywood Casino, called the tax rate “just ridiculous and unprecedented.” Industry analysts expressed concern that regulations could strangle the industry before it ever got started. Those worries seemed to be playing out at first. The PA Gaming Control Board began fielding applications in April, and July 4th weekend came and went without a single submission. It was only a matter of time, apparently. The nine applications indicate that the majority of PA casinos still have plans for online gambling in spite of the framework. It also means regulators will collect $90 million from this group up front. The PGCB is currently accepting applications for PA sports betting at $10 million apiece, too.

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