The magic number is still zero for Pennsylvania online gambling. Two months after the Gaming Board began to accept interactive gaming applications, they have yet to receive a single application. This is particularly concerning, yet not surprising given some of the policies that the state has implemented regarding this issue.
Some of those policies include a 54 percent tax rate on online slot revenue. Slots are a big chunk of Pennsylvania online gambling revenue. Thus, slots have a direct correlation with the online gambling industry. One can see why there would be concern over a tax rate of a major revenue generator.
There is a 90 day window for Pennsylvania’s existing casinos to apply for this license. This license includes online slots, table games and poker in one package at a $10 million cost. After the 90 day window, the three aforementioned entities will be broken up into separate licenses that cost $4 million each.
A major reason for the lack of applications is that the process requires a lot of legwork. Besides, it turns out that many casinos may want to pick and choose their preferred licenses.