{"id":249,"date":"2018-06-07T00:52:10","date_gmt":"2018-06-07T05:52:10","guid":{"rendered":"https:\/\/www.pennsylvaniacasinos.com\/?p=249"},"modified":"2018-06-07T00:52:10","modified_gmt":"2018-06-07T05:52:10","slug":"pa-casinos-reluctant-to-apply-for-sports-betting-licenses","status":"publish","type":"post","link":"https:\/\/www.pennsylvaniacasinos.com\/news\/pa-casinos-reluctant-to-apply-for-sports-betting-licenses\/","title":{"rendered":"Pa. Casinos Reluctant to Apply for Sports Betting Licenses"},"content":{"rendered":"<p>Last Thursday, the Pennsylvania Gaming Control Board (PGCB) announced that it is <a href=\"http:\/\/pennsylvaniacasinos.com\/news\/2018\/06\/pa-starts-accepting-sports-betting-license-applications\/\">accepting submissions from casino license holders<\/a> who are interested in offering sports betting services to the state\u2019s market. This marked the first move towards the Keystone State\u2019s efforts to implement legal sports betting following the key <a href=\"https:\/\/www.independent.co.uk\/news\/world\/americas\/us-politics\/sports-betting-usa-states-supreme-court-new-jersey-nevada-chris-chrsitie-a8351656.html\" target=\"_blank\" rel=\"noopener noreferrer\">U.S. Supreme Court ruling<\/a> that abolished the Professional and Amateur Sports Protection Act (PASPA) thus paving the way for legalized nation-wide sports betting.<\/p>\n<p>However, through last weekend, none of the state\u2019s casino license holders have jumped in to file for the right to establish sportsbooks. The hesitation by the casino operators to apply for the licenses is not surprising, to say the least, especially considering the logistics involved as well as what the lawmakers are charging.<\/p>\n<p>To begin with, the <strong>$10 million initial fee<\/strong> that the casinos are required to part with in order to get approval to offer sports betting is quite a hefty price. In addition to this, the state will be charging a gut-wrenching <strong>36 percent tax rate on sports betting revenue<\/strong> which is by all means very high even for the larger operators. In fact, this tax rate, if implemented, will be the highest rate in any jurisdiction in the world.<\/p>\n<blockquote><p>\u201cPennsylvania is in a different bucket because of the tax rate. We can\u2019t figure it out. Because of it, we haven\u2019t spent the time or effort in Pennsylvania that we have in New Jersey. The tax rate is such a big challenge,\u201d Joe Asher, CEO of William Hill, <a href=\"http:\/\/www.phillytrib.com\/news\/proposed-casino-fees-seen-as-a-big-gamble-for-pa\/article_4380e352-2cc2-5252-955c-b188d1049d8b.html\" target=\"_blank\" rel=\"noopener noreferrer\">said<\/a>. \u201cIf you\u2019re paying $10 million up front for the privilege of paying 41 percent (PA\u2019s 36 percent plus the federal government\u2019s 6-percent rate) in \u2026 taxes, plus the infrastructure costs, it\u2019s difficult for me to see how you make money in Pennsylvania.\u201d<\/p><\/blockquote>\n<p>Naturally, it would be expected that necessary amendments are considered but, as it turns out, the laid-back attitude extends to the state lawmakers and regulators as well. PGCB spokesperson, Doug Harbach, pointed out the application process will be open for 120 days, a period within which are the starts of college football and NFL seasons. He believes that the period is long enough and some changes are bound to arrive soon. Also, the PGCB is open to comments from interested parties up until June 15 \u2013 this gives room for more liberation and considerations on this issue.<\/p>\n<p>The lawmakers are also confident about the operators eventually coming round regardless of the rather high fees.<\/p>\n<blockquote><p>\u201cI think they will all participate and would be shocked if they didn\u2019t. In sports-crazy Pittsburgh and sports-crazy Philadelphia, you\u2019re going to see it bring a lot more people into the casino, watching the big-screen TVs, and when they get those people in the door to bet they\u2019ll also hopefully drop money at the tables or in the slots,\u201d said Pennsylvania Rep. Robert Matzie. \u201cNo matter how the economy\u2019s going, whether it\u2019s in recession or booming, the one business that never goes out of business is the casino.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"Last Thursday, the Pennsylvania Gaming Control Board (PGCB) announced that it is accepting submissions from casino license holders who are interested in offering sports betting services to the state\u2019s market. This marked the first move towards the Keystone State\u2019s efforts to implement legal sports betting following the key U.S. Supreme Court ruling that abolished the [&hellip;]","protected":false},"author":7,"featured_media":250,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[48,91,108],"class_list":["post-249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","tag-licences","tag-regulation","tag-sports-betting"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pa. Casinos Reluctant to Apply for Sports Betting Licenses - PennsylvaniaCasinos.com News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pennsylvaniacasinos.com\/news\/pa-casinos-reluctant-to-apply-for-sports-betting-licenses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pa. Casinos Reluctant to Apply for Sports Betting Licenses - PennsylvaniaCasinos.com News\" \/>\n<meta property=\"og:description\" content=\"Last Thursday, the Pennsylvania Gaming Control Board (PGCB) announced that it is accepting submissions from casino license holders who are interested in offering sports betting services to the state\u2019s market. This marked the first move towards the Keystone State\u2019s efforts to implement legal sports betting following the key U.S. Supreme Court ruling that abolished the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pennsylvaniacasinos.com\/news\/pa-casinos-reluctant-to-apply-for-sports-betting-licenses\/\" \/>\n<meta property=\"og:site_name\" content=\"PennsylvaniaCasinos.com News\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-07T05:52:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.pennsylvaniacasinos.com\/news\/wp-content\/uploads\/sites\/5\/2018\/06\/sportsbook.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shane Lawrence\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shane Lawrence\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.pennsylvaniacasinos.com\/news\/pa-casinos-reluctant-to-apply-for-sports-betting-licenses\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.pennsylvaniacasinos.com\/news\/pa-casinos-reluctant-to-apply-for-sports-betting-licenses\/\"},\"author\":{\"name\":\"Shane Lawrence\",\"@id\":\"https:\/\/www.pennsylvaniacasinos.com\/news\/#\/schema\/person\/57d9c5943b93eb1cd39e154774d2891f\"},\"headline\":\"Pa. 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His pieces are analytical and drill to the bedrock of any problem you give him. A conscientious writer and a serious journalist, Shane is here to unpick any issue that might come his way. Most breaking news pieces are assigned to him as he manages to balance the immediacy of such reporting with our editorial policy's chief tenet \u2013 to always strive to produce the most accurate report on events possible.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/shanelawrence1990\/\"],\"url\":\"https:\/\/www.pennsylvaniacasinos.com\/news\/author\/shanel\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pa. 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