PA Sports Betting: Locations & Online Sportsbooks Update
Online PA Sportsbooks are expected to launch late in 1Q of 2019 as Parx Casino will open their online sportsbook and mobile sports betting app. SugarHouse will be quick to launch their PlaySugarHouse sports betting app as well in Pennsylvania during February or March.
PA Sports Betting is now legal and about to explode across the Keystone state. PA now has 7 active sportsbooks (8 approved), with 6 alone in the Philadelphia area:
1. Parx Casino in Bensalem, PA
2. SugarHouse Casino in Philly
3. Rivers Casino in Pittsburgh
4. Hollywood Sportsbook by Harrisburg
5. Parx Casino South Philly Turf Club
6. Harrah’s “The Book” in Chester, PA
7. Valley Forge FanDuel Sportsbook (Approved by PGCB). Opening March 13th.
8. Presque Isle Downs Sportsbook in Erie (Approved by PGCB). ETA April 2019.
PA SPORTS BETTING HANDLE AND REVENUE
Jan. 2019 Sports Betting Handle
Dec. 2018 Sports Betting Handle
Jan. 2019 Sports Betting Revenue
PENNSYLVANIA SPORTS BETTING UPDATES
Earlier this week, the NFL made the much-anticipated announcement with the 2019 schedules around the league that has created much attention and excitement from fans. This news coincides with the pending launch of PA online sports betting. Yes, sports bettors in...read more
Here we go yo, here we go yo, we are finally getting online sports betting in PA yo! I know it's cheezy, but this is a long time coming for PA sports bettors. When the first retail sportsbook opened in November 2018, most assumed that online/mobile sports betting...read more
Mount Airy Resort Casino, located in Mt. Pocono (NE PA), is the latest to apply for a PA Sports Betting License. Just a friendly reminder that the license comes with a $10M fee to join the current group of PA Sportsbooks. In their long 35-page application, Mount Airy...read more
Rivers Casino Sportsbook in Pittsburgh certainly grabbed my attention with their tweet below. With the launch of online and mobile sports betting in PA being delayed, Rivers SportsBook4Fun.com is a curious step in the right direction. Rumors have been circling that PA...read more
The largest sports betting event in February, Super Bowl 53, did not increase the overall sports betting handle and revenue compared to January. The total betting handle for February was $31,500,741.94. This is a small decrease from $32,011,838.76 in January. No real...read more
If you live in PA there is no doubt you have been inundated with sports betting TV ads. You've likely seen advertisements targetting local PA/NJ bettors for DraftKings Sportsbook, FanDuel Sportsbook, and other NJ sportsbooks. In Pennsylvania, we've seen casinos allow...read more
PA SPORTS BETTING 2019
Table of Contents
The process of legalized sports betting in Pennsylvania has been a bit of an uphill climb. Sports bettors have watched neighboring states like Delaware and New Jersey quickly move on sports betting regulation once the Supreme Court ruled in favor of NJ this past Spring. A heavy tax burden and limiting sports betting skins to one per operator, is not making the process easy for the launch of legal sports wagering in PA.
PA Sports Betting Hurdles
Let’s look at some of the hurdles that regulators have placed in front of a company who would like to operate in PA. How does a 36 percent tax on gross betting revenue sound? How about a $10 million dollar licensing fee? Lets compare this to some other states with legalized sports betting and online gambling.
– West Virginia: Licensing fee of $100K, plus a 10% tax on revenue.
– New Jersey: Annual $100K licensing fee + a one time charge of $250K for regulatory costs. Sports betting is subject to an 8.5% tax, with gross revenue from online gambling taxed at 13%.
– Nevada: the state tax for sports betting, which is a sliding scale, is roughly six percent of monthly revenue, which amounts to roughly 11 percent total (including federal taxes)
Just to clarify, a company like DraftKings, who recently launched the first mobile sports betting in New Jersey, would have to pay $10 million dollars, plus be taxed at 36%, just to operate in the state. One would assume that PA has created a scenario where sports betting operators may wait for the market to mature before applying for PA sports gambling license.
As of November 15, sports betting in the state of Pennsylvania is up and running. Hollywood
Casino at Penn National Race Course had the privilege of being the first venue to take a legal bet in the state. From here, more venues will be able to take live bets and citizens can expect online options in 2019.
Current PA Sportsbooks
Who can apply for a PA sports betting license?
Currently 12 facilities qualify:
Harrah’s Philadelphia, Chester
Hollywood Casino at Penn National Race Course, Grantville
Lady Luck Casino Nemacolin, Farmington
The Meadows Racetrack and Casino, North Strabane Twp.
Mohegan Sun at Pocono Downs, Wilkes-Barre
Mount Airy Casino Resort, Mt. Pocono
Parx Casino and Racing, Bensalem
Presque Isle Downs & Casino, Erie
Rivers Casino, Pittsburgh
Sands Casino Resort Bethlehem, Bethlehem
SugarHouse Casino, Philadelphia
Valley Forge Casino Resort, King of Prussia
PA Sports Betting Timeline
With betting becoming legalized, why don’t we look at a comprehensive guide for the state, starting with the timeline of how we got here, shall we? With PASPA being overturned in May of 2018, this obviously allowed for the sports gambling to become legal, but what was the state doing about the issue before that?
We begin this tale in 2015, where the roots of legalized sports gambling in the state somewhat began.
Rep. Rick Kotik issued a memo about some upcoming legislature saying, In the near future, I plan to introduce legislation that will legalize sports betting in our Pennsylvania licensed casinos. Sports betting is exceptionally popular in our state and it is going unregulated. The intent of this legislation is to provide our casinos with an alternative form of entertainment, while also, regulating a popular market.
On October 14 of that year, Kotik introduced his bill to the House. In December of that year, Rep. Rob Matzie led a solution aimed at Congress, urging them to lift the country-wide ban on sports betting. States that already authorize, license and regulate casino gaming are uniquely positioned to oversee sports betting, in all its forms, if they so choose. The time has come for the federal government to allow the state’s to make their own decisions on sports betting.
At the start of the New Year, the House Gaming Oversight Committee gave approval.
Matzie then filed another bill similar to Kotik’s 2015 bill, but pushed the envelope even more. It had a caveat that included “establishing the rules and procedures for sports wagering.” It also included things like licensing fees and tax rates, which were $5 million and 18 percent, respectively at that time. The state was having some financial struggles, and sports betting was a potential way to help stop the bleeding.
Eventually, a final bill with numerous modifications was signed into law by Governor Tom Wolf, legalizing sports betting, pending the federal ban being lifted, which it ultimately was in May 2018.
Legal PA Sports Betting Snapshot
Now that we know the history of how it came to fruition, what other legalities are involved?
Both professional and college sports can be bet on
Must be 21 years old
Must be in the state to make wagers
$10 million licensing fee
Revenue can be taxed up to 36 percent
Online Sports Betting PA
Nothing is totally decided on besides the fact that there will indeed be online wagering available. Which casinos and sportsbooks is to be determined, though. Rumors continue to swirl around the launch of online sports betting in PA. A recent article on Penn Live quoted a Parx Sportsbook spokesman concerning an April 2019 launch.
Who oversees sports betting in the state? The Pennsylvania Gaming Control Board
How much revenue could sports betting generate?
Exact figures are obviously not yet known and the exact number of online sportsbooks in PA will have a major impact on revenue projections. There are pros and cons when it comes to the subject of betting in Pennsylvania specifically. PA is located close to other states in the Northeast/Mid-Atlantic region that already offer sports betting or soon will. However, PA is a huge sports state with 2 major cities in Philadelphia and Pittsburgh with rabid fan base support. Oh and that taxation at 36 percent should definitely help government revenue growth numbers.
Which States Will Legalize Sports Betting Next?
2019: NY, Ohio, Connecticut, Colorado, Illinois, Indiana, Iowa, Kansas, Massachusetts, Missouri, Texas, Maryland, Virginia, Michigan
1-2 Years: Maine, Oklahoma, Kansas
Within 5 Years: Florida, Louisiana, Kentucky, North Dakota, Wyoming, Idaho, Washington, California, Arizona
Quite the piece of info considering the large footprint Kambi has with PA sportsbooks. https://t.co/rubamMPXbc