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PA Counting On Just $100M From Online Gambling, Sports Betting Licenses

That might seem like a fairly small number, if you recall estimates and the licensing fees for both sports betting and online gambling. Full online casino licenses — where a licensee can offer table games, slots and poker — cost $10 million each. There are 13 of these available — one for each of the active casinos and one planned casino in Philadelphia. http://livebettingv2v.pacificpeonies.com If the full casino licenses aren’t sold out, a la carte licenses for just tables, slots or poker will be available at $4 million apiece. Licenses for sports betting cost $10 million each. There are also 13 of these available. In 2017, lawmakers were counting on $200 million  from online gambling alone in the current fiscal year. Almost none of that revenue has been realized. It’s not clear if the people responsible for crafting the budget are excluding some revenue that was planned from licensing in the 2017-2018 fiscal year, even though it hasn’t been realized. In either event, the http://pennstatefootballfans.blogspot.com/ federal sports betting ban was still on the books before New Jersey won its sports betting case in the US Supreme Court. The sports betting licenses were not factored into the 2017-2018 FY budget, and would be included in the budget for the first time this go-round.

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