Pennsylvania State Legislators Pass Online Gambling Bill
This is certainly great progress online gambling bill, but the current bill is far from ideal. The hope is the House will find a way to meet in the middle on http://pay.slovologos.info/leo-vegas-free-download.php core issues, but that is easier said than done.
There are lot of moving parts, so here is a recap of a busy week of news to help you understand pbcom tower casino 2015 much progress online gambling is making, as well as as how far it still needs to go:. There is clearly one story which dominated the headlines in Pennyslvania, and deservedly so. The state Senate returned from recess and wasted little time taking action on gambling expansion legislation.
Those within the industry online gambling bill progress this week. Here is a rundown casino deposito stranieri senza the week of legislation, as well as what to expect after Memorial Day. It also underwent a host of changes. Most notably, the tax rates for online casinos came in.
Many worried the tax rates would parallel brick and mortar standardswith 16 percent on poker and table games and 54 percent on slots. Those rates would make it difficult for online casinos to succeed. Turns out the rates were even worse than expected. Instead of a 16 percent tax on table games, they were also slated at 54 percent.
Later in the week, the bill cleared another committee vote, then passed on the Senate floor by a vote of Other tricky elements to consider about the bill are video gaming terminals VGTs and the aforementioned casino host fee. As we observed earlier in the week, so long as the host fee and online gambling are coupled in the same bill, iGaming proponents stand a better chance at getting online gambling bill bill passed into law. The bill now moves on to the House, a group that has generally been much more supportive of online gambling bill gambling than the Senate.
George Dunbara strong proponent of the issue, spoke to Online Poker Report about what to expect. While the current state of the bill seems dire, Dunbar assures plenty of changes are in store. We can also expect newest australian online casino battle on the VGT front.
While lawmakers deliberated out in the open, another major deal for Pennsylvania casinos quietly died. This week, the sale allegedly online gambling bill through. There is no definitive reason why MGM is backing off the sale, but there is plenty of speculation.
It seemed sensible Sands, an anti-online gambling company, would want out of Pennsylvania. It made even more sense MGM Resorts, who is establishing even more online gambling bill an online casino presencewanted in. It could be something to do with host fee negotiationsbut the idea MGM does not want online gambling in the state does not make much sense.
This is an interesting development for the legislation. With Sands remaining in the state, will it become a vocal opponent online gambling bill the measure like Parx Casino? Jessica Welman is the managing editor of PlayPennsylvania. Pennsylvania Legislature has passed online casino, poker and dfs.
Contents 1 Busy week in Harrisburg for online gambling bill gambling 1. Online gambling bill online gambling Sands.
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Pennsylvania is one step away from becoming the fourth state in the US with legal online poker and gambling. That came after the bill was amended and passed by the full Senate less than a day earlier. The House actually took online gambling bill the bill on Wednesday night, but procedure prevented it from coming up for a vote immediately. Pennsylvania would join New JerseyNevada and Delaware guide casino minnesota legal online gambling.
The bill would legalize online slot machines, online table games and online poker. After all that — if there are still licenses left — PA can license entities outside of existing casinos. Seeing as the bill got the approval of both the House and the Senate, conventional wisdom says Wolf will not upset the apple cart of funding the budget by vetoing this bill.
Wolf has long said he wanted recurring revenue out of any package, and out of gaming in particular. How long do we have to wait? He could also do nothing and the bill would become law by his inaction.
The tax rate for different segments of online gambling is one part of the bill that will cause consternation in the implementation, should it become law. Online table games and online poker are taxed at what appears to be a reasonable rate of 16 percent.
But online slot machines will be taxed at 54 percent. That is by read more the highest rate for online gambling anywhere in the world. Why such a high rate?
Sources tell Online gambling bill Poker Report that is because the bill would not have had enough support in the Senate at a tax rate that did not match read article of land-based casinos.
Some operators in the state may minimize their online slot offerings — or not offer online gambling bill at all — because of that rate. How operators respond to that licensing structure is an issue online gambling bill will be interesting to track.
Of course, this could end up having an effect on the bottom line of what Online gambling bill is expecting revenue-wise from the gaming bill. In http://pay.slovologos.info/online-slots-mobile-billing.php scenario, the high tax rate ends up being self defeating, and actually could create less revenue than a lower tax rate might. Penn Nationalwhich operates Hollywood Casinoapparently is online gambling bill very pleased with the bill.
The Reading Read article reported that the company would consider suing to stop the bill:. Mostly, PN appears to take issue with the satellite casinos that it says would impact it more than other casinos around the state. It would be a willing participant in online gambling.
In its online gambling bill call on Thursday morning, Penn National and Schippers were a little less bombastic about the bill. The call was literally going on as the bill was being debated on the House floor. PN did not indicate it would definitely take the legal action suggested above. Pennsylvania would also legalize daily fantasy sports, sports betting, online lottery. Wolf Dustin GoukerOctober 26, Dustin Gouker - Dustin Gouker has been a sports journalist for more than 15 years, working as a reporter, editor and designer -- including stops at The Washington Post and the D.
He has played poker recreationally for his entire adult life and has written about poker since You may also like
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Get the rundown on what version of the online gambling expansion bill the Pennyslvania Senate passed this week and learn about possible future roadblocks.
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This past week the Pennsylvania State Senate and House passed an online gambling bill. This is a big step forward for online gambling in the state.