PGCB receives second sports betting application
The local gaming regulator revealed that the owner of Parx Casino applied for a permit to offer sports betting.
US.- The Pennsylvania Gaming Control Board (PGCB) announced on Monday that the owner of Parx Casino applied for a permit to offer sports betting at the Philadelphia casino and at another off-track betting parlour that it owns in the same city.
This application is the second one in the state after Penn National Gaming became the first operator to apply for a licence to offer sports betting in Pennsylvania. The 107-page application to the PGCB, along with the one from the owner of Parx Casino, is expecting to receive the regulator’s approval, but it is unlikely that they will get cleared to take sports wagers before October.
States like Delaware, New Jersey, Mississippi and Nevada are already offering sports betting services, while West Virginia is expected to follow in the next few weeks. The PGCB has agreed to allow bets on games played by in-state colleges and universities, but the bets will be first allowed when the season is already underway.
The current regulations establish that operators that wish to apply for a licence have to pay US$10 million for it, a 34 per cent state tax and a two per cent local tax as well. This tax is significantly higher than the one in Nevada, which is the leading market when it comes to sports betting in the US.
