Best Online Casino Guide

     

Pennsylvania Gaming Regulating Bill and Proposed Tax System Update


Pennsylvania Gaming Regulating Bill and Proposed Tax System Update

Last Tuesday, 21st March, Pennsylvania was presented with Sen. Jay Costa’s SB524 expansion bill as one step in an ongoing convoluted feud to legalise and regulate gambling in the state. In a previous article, we got a glimpse of how online casinos might be facing a total exclusion from the game. Now, with Costa’s bill in play, things might be different, but with quite a few kinks to straighten out.

What Does SB524 Entail?

Last Monday, Sen. Costa revealed a 207-page version of his SB524, previously previewed in January. This bill is in line with one introduced by the House of Representatives known as HB392. Costa’s bill echoes such prescriptive regulations stating that online gambling, Daily Fantasy Sports (DFS), mobile tablet gambling at certain airports will be legalised. Also, this looks to fix the unconstitutional slots tax for casino host communities, which also means that skill-based gaming machines in casinos will be allowed, while Category 3 casinos will be able to kick their non-gaming amenity requirements as long as they settle a yearly payment of $1m for five years.

Hurdles to Overcome

Here’s the catch, though. While HB392 would have proposed a 14% tax on online gambling and DFS, Costa’s SB524 is looking to impose a 25% tax. While this is nowhere as outrageous as the earlier Senate bill’s proposed 54%, it is still quite a bite to chew on and it’s still to be seen whether up and coming online operators are willing to take that leap.

Things get even more complicated since SB524 also looks to include online lottery sales. Besides selling draw tickets, they will also introduce internet instant tickets, iLottery games and play-for-fun games, which will place themselves in stark competition with online casino products.

Budgeting and Scheduling

If this can serve as an form of indication, the state has already allocated $100 million for this year and $150 million for next year in revenues accrued from the gaming business, even though the circumstances under which these funds are to be raised are still unclear. What already seems quite clear though is that the majority of land-based casinos are supporting the introduction of online casinos while starkly opposing the setup of video gaming terminals (VFT) in pubs, clubs, and VFW halls.

The next hearing, which will also include anti-online proposals, is scheduled for Tuesday, 28th March.


Do you want to get more news?

Subscribe and get an exclusive bonus

Already subscribed: 7440+

 


SIGN UP FOR OUR NEWSLETTER

WHY SIGN UP?

  • Over €20,000 in UNIQUE bonus offers
  • Over 1,650 EXCLUSIVE free spins
  • All the latest casino reviews and updates
  • In-depth analysis from our gaming experts

Related articles

The CS:GO Gambling Scandal and how one guy brought it all to light

csgo-skins-1200x599
Anyone who bets online knows that there are some very stringent rules and regulations that online casinos and betting sites need to adhere to, in order to be allowed to [...]

Pennsylvania’s Online Gambling Dream in Crisis

onlinegamblingban
Pennsylvania, like Michigan, has been looking to officialise online gambling in all forms. However, Pennsylvania has been left behind tackling a hurdle that might mean an indefinite legal ban on [...]

Casumo’s Latest Additions to Their Jackpot Library

2014_10_07_banners_casumo_130x90px
Casumo never does anything in small quantities. This also goes for its game acquisitions. In line with the change of season, Casumo is busy with a customary spring cleaning that [...]

How to win more money at live blackjack

live_blackjack 130x90
If you love the challenges that table games have to offer, then you are probably a big fan of card game blackjack. Blackjack is increasingly popular among online casino players. The [...]
X
Casino Daily News

WHY SIGN UP?

UNIQUE OFFERS FROM THE BEST ONLINE CASINOS

WAIT! SIGN UP AND GET ALL THE BEST CASINO OFFERS IN YOUR MAILBOX!

Casino Daily News
No, thank you. Go to casino »