Sports betting is already available in three new states this year. Pennsylvania is on tap to be one of the next states to jump on the bandwagon, with sports betting likely coming to the state sometime during late 2018.
Some PA casinos such as Parx have signaled their intentions to bring sports betting to the state, but what does the sports betting look like for PA as whole?
PA Sportsbetting FAQ
Below are some common questions being asked by bettors about Pennsylvania sports betting.
Why is this happening now?
In late Spring, the United States Supreme Court overturned a law which effectively prohibited states from legalizing sports betting. Ever since, states and gambling companies have been scrambling to offer sportsbetting to their constituents — and add funds to their coffers.
New Jersey, Delaware and Mississippi have already began offering sports betting since the decision, with many more likely over the coming months and years.
Pennsylvania has a leg up compared to many given that the state included language authorizing sports betting in their gambling expansion bill should the federal climate change. After it did in May, casinos and state governments have begun making preparations.
Who will offer PA Sportsbetting?
Only Penn casinos will be able to offer sports betting in the state. While we don’t yet know who will apply, Parx Casino and Valley Forge are two PA casinos that have significant expressed interest in offering sports betting.
We will likely see outside gambling companies partnering with PA casinos to assist with their sports betting efforts. We could even see branded sportsbooks that are not PA casinos.
Due to a $10 million license and a 36% tax on earnings, it’s likely that not all PA casinos will offer sports betting.
Where can sports betting take place?
Sports betting can be offered in four different locations in Pennsylvania once the casino has been approved for a license. This includes a slot machine licensee’s licensed facility, a temporary facility authorized by the PGCB, at an off-track betting facility or through the internet.
Who will be eligible to make bets?
Players will need to be at least 21 years or age and physically located within the state of Pennsylvania while making bets. Age, identity, and geo-location will be used to ensure compliance.
What sports can be bet?
Sports betters will be able to wager on most sports. Exceptions will be collegiate sports and motor races. Further details will be provided once regulations are finalized.
When will be betting be available?
The Pennsylvania Gaming Control Board opened up application submissions for PA casinos to operate sportsbooks in PA on July 11th. However, as of early August, there have been no casinos to apply for licenses. Unlike online gambling licenses, there is no deadline to submit applications.
Pennsylvania regulators are also in the process of finalizing regulations so casinos may be waiting for the state to complete that process before finalizing and submitting an application.
What does PA gain from sports betting?
Some have argue that activities like sports betting can cause more harm than good, but the state of PA has tried to ensure that safeguards are available. For example, players who feel they have a problem gambling are encouraged to call 1-800-GAMBLER for help.
Tax dollars from sports betting is used for good. Casino revenue from sports wagering is taxed at a rate of 36% with 34% going to the General Fund and another 2% used for grants for projects in the public interest.