Budget Proposal From Pennsylvania's Governor Likely Seeking Money From Online PokerLawmakers Again To Discuss Merits Of Internet Casino Gaming |
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The momentum continues to build for a Pennsylvania online poker industry.
A budget proposal from Pennsylvania’s governor released Tuesday includes $250 million that the state is expecting to come from gambling expansion.
In addition to possibly expanding its slot machine market, the Keystone State is looking at allowing its 12 brick-and-mortar casinos to offer some of their games over the internet. A bill passed out of the House last year, but it ultimately stalled in the Senate.
Several online casino bills are coming to the table in 2017.
Gov. Tom Wolf’s budget proposal wasn’t clear about where the additional $250 million from gaming would come from for the current fiscal year and the next one.
“Given developments within the legislature, the governor’s proposed budget does not put forth a specific proposal for expansion, but merely assumes revenues within the current ideas being discussed,” the proposal said.
Proposals for internet gaming regulation include a $10 million licensing fee. Proposed tax rates have ranged from 15-25 percent.
The Pennsylvania online gaming industry is projected to be worth $300 million annually.
The Keystone State casino industry won an all-time high $3.2 billion from gamblers last year, but it was just a 1.25 percent gain year-over-year.
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