Still No Pennsylvania Online Gambling Applications

Pennsylvania online gamblingThe magic number is still zero for Pennsylvania online gambling. Two months after the Gaming Board began to accept interactive gaming applications, they have yet to receive a single application. This is particularly concerning, yet not surprising given some of the policies that the state has implemented regarding this issue.

Some of those policies include a 54 percent tax rate on online slot revenue. Slots are a big chunk of Pennsylvania online gambling revenue. Thus, slots have a direct correlation with the online gambling industry. One can see why there would be concern over a tax rate of a major revenue generator.

There is a 90 day window for Pennsylvania’s existing casinos to apply for this license. This license includes online slots, table games and poker in one package at a $10 million cost. After the 90 day window, the three aforementioned entities will be broken up into separate licenses that cost $4 million each.

A major reason for the lack of applications is that the process requires a lot of legwork. Besides, it turns out that many casinos may want to pick and choose their preferred licenses.