It’s been months because Pennsylvania lawmakers passed a bill to legalize on-line gambling, and lastly, the state is starting to move ahead with some concrete plans. The PA Gaming Control Board (PGCB) posted applications for Interactive Gaming Licenses on its website final week, which means that casinos can now apply for licenses to open up on-line gambling websites.
According to the PGCB, applications will be accepted on April 2, 2018, however it was not written around the site when applicants would be notified or their acceptance. The core from the actual application is nearly 60 pages, which means that casinos have much less than two months to complete them and send them in.
In addition towards the actual application, there’s a hefty $10 million dollar licensing charge for every casino. The much-needed revenue will ease Pennsylvania’s spending budget woes, and once on-line casinos are up and running, regular tax revenue is anticipated to become the long-term spending budget fix Pennsylvania has been searching for.
How Numerous Licenses Are Available?
The PGCB will grant up to 13 on-line casino licenses and up to 13 on-line poker licenses; this is exactly enough to accommodate Pennsylvania’s 12 current casinos and Philly Live!, a brand new 1 that’s slated to become built in Philadelphia and opened in 2020.
What Now for Pennsylvania?
As soon as all of the applications are in, the PGCB requirements to review them and let the applicants know if they’ve been accepted. The reviewal procedure could take a number of months, but one key date to note is July 1, 2018, the beginning of Pennsylvania’s fiscal year for 2018-2019.
If the state wants to determine significant revenue from on-line gambling for that year, it requirements to move quickly to accept applications. Simply because after that, there’s all the technical issues of really obtaining online gambling sites up and operating, such as geolocation technologies that prevents anyone from unregulated states from playing.