- Casino license expansions are among the state’s first related financial wins
- The move is said to have pushed neighboring states New York and New Jersey to consider their own new gambling bills
There’s some early wins for Pennsylvania in its new era of online poker and casino legalization.
Last month, Casinopedia reported that after many months of deliberation, the state of Pennsylvania had finally voted to pass a bill that would legalize online gambling, including poker and casino games.
Last Monday, that bill became law.
Within days, reports that Pennsylvania’s coffers were already filling up began to come in; with $1 million already made – following Valley Forge Casino’s payment to expand their own license in the state – Pennsylvania can expect a further $50 million to be added soon.
More casinos are expected to follow with Lady Luck Nemacolin Casino thought to be next.
But this sort of transaction will not be the only one to grace the state’s coffers. In fact, SugarHouse Casino – who for many months had been fighting against the construction of a new establishment in Philadelphia’s Stadium District – are reported to have finally dropped their lengthy lawsuit.
The abandonment of this lawsuit will allow construction in Philadelphia to continue, bringing jobs, tourists, and local gamblers alike to the site. But that will be after the $600 million casino project has spent a further $50 million to license it.
Online gambling: On paper, in practice, and beyond
Despite the many months of deliberation by lawmakers in Pennsylvania, nobody is quite sure yet how online gambling will look and function in practice.
So, with that in mind, gambling news outlets Online Poker Reportand PlayPennsylvania teamed up to work on a brand new white paper that would explore online gambling’s financial implications for the state, what exactly is now permitted in the state, any grey areas in the bill, market projections, and more.
Of course, Pennsylvania’s foray into the relatively unchartered new world of legal online gambling in the United States is sure to have repercussions for the state’s neighbors. Among those are New York, whose thinking may be affected by Pennsylvania’s breakthrough.
In fact, New York has already made plans to look once more at legalizing online poker – with talks scheduled for 2018 – and many believe that it could be the next state to act.
Previous online gambling bills have been successful in the Senate but not so much in the House.
Indeed, progress is often so glacial for states, that people tend to keep their expectations in check.
At the moment, however, New York Assemblyman Gary Pretlow has more on his mind that what’s going on in Pennsylvania, or even legalizing online gambling in his own state; three brand new upstate casinos are falling significantly short of their revenue predictions, and he’s currently working to find out why.
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