PA Online Gaming Hearing Rescheduled For Oct. 18

A Pennsylvania online gaming hearing originally planned for Tuesday has been rescheduled for Oct. 18, according to the office of the legislation’s sponsor.

Pennsylvania Rep. John Payne, sponsor of the online gambling bill, will hold the hearing in the House Gaming Oversight Committee to “review” the existing online casino gaming industries in Nevada, New Jersey and Delaware, as well as a handful of states with oversight on daily fantasy sports contests.

Pennsylvania is taking a look at both online gambling activities in order to bolster its land-based casino industry and increase tax revenue.

The House passed the online casino proposal in June, and it currently sits with the Senate. According to Payne’s office, the House Gaming Oversight Committee hearing is intended to help urge Senate lawmakers to act before the legislative session ends for the year.

According to USPoker.com, there’s only a week’s worth of days left for the Senate to pass the gambling expansion bill. If it does so, the measure would go to the governor.

Pennsylvania has considered other ways to expand its gambling industry, such as slots at airports, in an effort to generate an additional $100 million for state coffers.

A matured Keystone State online gambling market could be worth $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.

Regulated online casinos would boost the state’s poker market, which is currently about $5 million a month. That’s about the same as New Jersey, which has online casinos.

Related Articles

Major US iGaming Markets Have Profitable February

Pennsylvania Online Poker To Join MSIGA In April

Hellmuth Tops Galfond In Heads-Up Challenge

Most Viewed Articles