Pennsylvania House approves amended gambling bill

Pennsylvania's House of Representatives have voted in favour of an amended gambling bill which puts it at odds with the Senate over proposed tax rates and authorised games.
The House voted 102 to 89 in favour of an amended version of HB271 on June 7th, which would authorise iGaming, internet lottery sales, daily fantasy sports contests, video gaming terminals in liquor establishments and truck stops, and tablet gaming at airports.
The bill was previously passed by the Senate on May 24th with its own amendments and will now return there for further consideration.
The biggest point of contention between the House and Senate proposals concerns tax rates.
The state's slot machine licensees may apply for an Interactive Gaming Certificate against a one-time authorisation fee of $8m, lowered to $2m for interactive gaming operators or $1m for interactive gaming operators at an airport.
iGaming revenue would be taxed at 16 per cent of gross gaming revenue, compared to the Senate's proposed rate of 54 per cent and an authorisation fee of up to $10m.
The two also differ on the proposed tax rate for daily fantasy sports, with the House proposing a rate of 19 per cent of monthly adjusted DFS revenue, up from 12 per cent in the Senate proposal.
The House amended version of HB271 would also allow for the deployment of up to 40,000 video gaming terminals at licensed liquor establishments and truck stops by the year 2020, likely the most contentious element of the amended bill.

Gaming Intelligence

Back To All News

Tags: Curacao gaming licence,gaming licence,Financial Institution Licence,Payment Institution,Incorporation of company in Malta,Malta gaming licence,online gaming license,Incorporation of company in Bulgaria,E-Money licence