Pennsylvania Needs To Make Online Gambling A Reality
Although Pennsylvania legalized online gambling nearly four months ago, in October 2017, there hasn’t been any significant progress in making online gambling function in practice.
When it comes to new gaming licenses, Philly Live! Casino was awarded one, but aside from rumors, announcements, and empty talks, nothing else has been done to make the most out of online gambling.
It’s Time For Action!
Pennsylvania could definitely use income from online gambling, especially since the state is in a budget deficit, but in order to do so, it needs to act as soon as possible.
The Keystone State’s fiscal year for 2018-2019 will begin on July 1, which means concrete steps need to be taken soon to start getting revenue from online gambling. First and foremost, Pennsylvania needs to start accepting licensing applications, whose fee of $10 million could bring much-needed profit.
All these activities depend on the Pennsylvania Gaming Control Board (PGCB), a governmental agency founded back in 2004 as the state licensing and regulatory agency. PGCB meets only once a month, so there is no detailed information if any progress has been made so far.
Other Important News
And while the public eagerly awaits action on this matter, the Pennsylvania Lottery announced its own plans. According to available information, the online sale of lottery tickets should be fully operational by the spring.
The state has decided to go through with selling lottery tickets online to boost the overall ticket sales, which recorded a drop of 3% in 2017.
In related news, PGCB has revealed full-year figures for the state’s brick and mortar casinos, which had an excellent 2017. According to the report, Pennsylvania’s land-based casinos recorded more than $3.2 billion in revenue, setting the new record-breaking result. This is definitely the right time to introduce online casinos!