Pennsylvania Online Poker Legalization Delayed Until The Fall: ReportRegulation Of Online Casinos Still In Mix For Revenue Deal |
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Pennsylvania officials have passed a $31 billion spending bill, but they have yet to figure out how to pay for it all. Online gambling remains in the mix, according to a report Tuesday from the Associated Press.
A lawmaker told the AP that possible online gambling legalization will be pushed back until the fall. The regulation of online casinos is part of a larger gambling reform package that would help provide the revenue for the spending bill that Pennsylvania Gov. Tom Wolf let become law on Monday. Tax increases are also part of the negotiations.
According to the report, lawmakers are looking at online gambling as an immediate $100 million revenue stream. More money from the activity would flow to the state over time.
A matured Keystone State online gambling market has been estimated at $300 million a year, which would add about 10 percent to the state’s already-existing casino gambling market.
The online casinos would be taxed at a 16-percent rate.
The Pennsylvania House passed the online gambling proposal late last month, but it has stalled so far in the Senate amid the budget negotiations.
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