Pennsylvania to Hold Joint Hearing on Online Gaming
Pennsylvania is making fresh moves toward the acceptance of its omnibus gambling legislature.
The Bill HB 392, attached to a wide gambling expansion package presented last year, is set to address the state’s appetite to deal with the gambling issues starting from the regulation of daily fantasy sport, all across the online gaming and the authorization of slots at airports.
The Pennsylvania House and Senate are supposed to hold a joint hearing that could take place as early as next week and which is supposed to address the burning issues and potential concerns that might occur relating to the impending gambling reform.
Initially intended to be held before the House Gaming Oversight Committee this week, a hearing comes a year after the bill came close to passing in the House before it ultimately ran out of time in the Senate.
The improved bill HB 392 is likely to solve the rev-share problem imposed though the annual slot license fee on Category 1 and 2 casinos.
This time, both House and Senate will get a joint chance to defend their stance on the matter and discuss any remaining concerns they might have.
The bill gathered plenty of optimism even before the joint hearing as the state’s Democratic governor Tom Wolf already included as much as $150 million of extra gaming revenues in his budget plan for the 2017/18 fiscal year.
Wolf claims that the casino expansion could generate $100 million in the current fiscal year, although the amount is predicted to grow up to the predicted $150.
With things occurring at a fast pace, Pennsylvania lawmaker Mario Scavello’s expectations that online gaming could be legalised by March are getting extremely likely.
Pennsylvania remains one of several states which are considering a regulated casino market.