Pennsylvania Looking to Change the Gaming Bills
The face of Pennsylvania gambling is soon to undergo an extreme makeover, with the upcoming change of bills aimed at regulatory and legal side of online gaming, despite some recent setbacks.
Change of Bills
With the plan to legalise one branch and restrict another, Pennsylvania legislators debated the introduction of the new bill that would reform the existing guidelines and cover legalisation of “fantasy” sports, skill based and progressive jackpot slots, tablet airport gaming etc. The proposal includes but is not limited to licensing fees and additional tax rates ranging between (according to preliminary announcements) 15-25 per one cent, potentially generating millions in state tax revenue if the state passes legislation, thus providing the state with the reliable source of income.
While there are some opponents to the upcoming online gambling legalisation, such as Parx CEO Anthony Ricci who feels that this may be the end of brick-and-mortar casinos, ten other state casino operators expressed their support of the online gaming legislation reforms.
Mount Airy Casino for example openly supports internet gaming legislation, providing that the fees are reasonable. According to their spokesperson, not only will the legislation generate additional income through new taxe rates, but it will also protect the consumers from the flourishing and dangerous illegal market.
They are not the only ones viewing the upcoming changes as an opportunity for growth and development; Representatives of Valley Forge Casino, Isle of Capri Casinos and Rush Street Interactive all share a common opinion that, if properly introduced, the legislation can mark a new beginning for brick and mortar casinos through an increased control of internet gaming conducted by Pennsylvania Gaming Control Board.
The Other Side of the Medal
There is of course the other side of the medal that would rather see online gambling as an illegal activity, legalizing at the same time all video slot machines in the bars and clubs across the state – an idea strongly opposed by land based casino operators.
While it would clear out the grey area and create an additional tax income, the prediction on the effects this particular act would have on the brick-and-mortar casinos is grim, uniting the casino owners in their opposition to this possibility.