Online Poker

Legal Gambling



Pennsylvania Senate Approves Online Gambling Bill


Facing continuing budget shortfalls, the Pennsylvania State Senate has finally passed legislation that would legalize some forms of online gambling for residents of the state. After several futile attempts to bring online gambling to the Keystone state, the Senate passed the current measure with a vote of 38-12. With a significant amount of bipartisan support, the bill seems likely to get through the House of Representatives onto the way to the Governor's desk to be signed into law.

It took a lot of hard-line negotiating, but the current bill looks reasonable for both the state and potential online operators. The bill calls for online operations to be run and monitored by the state's brick and mortar casino operators. The proposed licensing fee would $5,000,000 for the software providers with the state receiving tax revenues of 16% from the online operations.

While casino gambling and potentially sports betting stand as long time objectives for both operators and some government officials, the new legislation package only addresses online poker. Currently, there are three online poker sites that look to be willing to offer up the prescribed licensing fee. That would include PokerStars, 888Poker and Party Poker. It's noteworthy that all three of these providers are currently offering services to residents in New Jersey. With the Sands' Sheldon Adelson standing firmly against all forms of online gambling, it would appear that the Parx casino organization would be the most likely candidate to sponsor the online poker sites.

Should this bill pass the House and indeed get signed into law, several other mid-Atlantic states will being paying particular attention to the success of the new law. With tax revenues as the primary motivation for passage, states like New York will be closely monitoring results as they contemplate legislation similar to that which already exists in New Jersey or that being proposed in Pennsylvania.

In 2016, the Pennsylvania land-based casino industry brought in $3.2 billion in gaming revenues, a record annual high. Of course, it was only 2% higher than the revenues reported in 2012. Recent numbers show that gaming revenues have stabilized and need a boost towards continued growth. When it reaches full maturity, estimates indicate that online gambling could add as much as $300 million in revenues, which would add another $48 million into the state's coffers.

>> All legal poker news in USA   >> Pennsylvania Online Gambling News

Online Poker News in USA

09/29/2018 Las Vegas Is Seeing A Slump In The Amount Of Profits From Gambling Wins
Regulators in the state of Nevada claim that the only reason why gambling winnings for the major casinos on the Las Vegas strip are down is because of a lack of major events. In a city where there is literally always someth... Read more

Legal Gambling USA
09/22/2018 States With The Best Opportunities To Legalize Online Poker
The uphill fight to legalize online poker throughout the United States has taken on a state-by-state approach. Advocates know that a federal overturn of financial regulations that currently prohibit online poker websites to... Read more

Legal Gambling USA
09/05/2018 Massachusetts Gets First Poker Room: Could Online Poker Be The Next Hurdle They Cross?
Buzz in the poker community has started up again as Massachusetts opens it first land-based poker room. The MGM Springfield has opened up the poker room as part of its casino establishment. It is a twenty-three table poker ... Read more

Legal Gambling USA
08/26/2018 Online Poker Is Gearing Up In Pennsylvania
The state of Pennsylvania is about to have the website offering legal online poker in its borders within the next few days. News reports have confirmed that is teaming up with the brick and mortar Harrah's... Read more

Legal Gambling USA
08/20/2018 Cryptocurrencies Coming To Online Poker?
The cryptocurrency craze may be finally ready to reach into the realms of online poker. It just so happens that one poker website by the name of EvenBet is looking to make this happen. Their vision for how this would work i... Read more

Legal Gambling USA
>> All poker websites news in USA

  Home > Online Poker > Online Poker News in USA > Pennsylvania Senate Approves Online Gambling Bill