When starting an Online Casino Business in Pennsylvania, the first important thing to think about is company registration and acquisition of a license. Pennsylvania Gaming License gives many excellent opportunities to each licensee and makes their business profitable. Licensure is the cornerstone of the regulatory system. They are required of casino owners and sports betting operators, casino employees, and companies that do business with casinos in order to ensure that those involved with this industry meet the statutory requirements of good character, honesty, and integrity and to keep the Pennsylvania Online Casinos industry free from organized crime.
P.A legalized online gambling through the Expanded Gaming Act in 2017. Pennsylvania citizens or visitors have access to online slot machines, online poker, and online banked table games. The Pennsylvania Gaming Control Board has the authority to issue licenses and regulate license holders.
Licensing, Fees, and Taxes
The state authorized up to 39 licenses for online gaming to be split evenly between online slot machines, online poker, and online banked table games. In the first round of licensing, current land-based slot machine license holders had 90 days to petition for a license to offer all three types of online games for $10 million.
Between 90 and 120 days after the Pennsylvania Gaming Control Board opened the application, license holders could seek individual gaming licenses for $4 million per category of license (that is, poker, casino, or other table games). After 120 days, any qualified gaming operator could petition for the remaining licenses at a cost of $4 million per category of license. Online gaming operators that are partnered with the license holder must also be licensed at a cost of $1 million.
Nine casinos filed applications by the deadline of 16 July 2018 (Parx, Mount Airy, Hollywood, Rivers, SugarHouse, Sands, Valley Forge, Harrah's and Stadium). This period was followed by a 30-day period in which Pennsylvania casinos could purchase individual certificates à la carte for $4 million each.
Pennsylvania has a low corporate income tax of only 36%, has no tax on bets, no sales tax and no VAT. It has political stability, first-class tele-communications agencies and a long-standing financial services industry. In addition, it maintains an attractive environment for international online gaming companies, with a Gaming License recognized by many countries all over the world, and this will make one's establishment a potential goldmine.
Online Regulation Analysis
Pennsylvania Gaming Control Board
(the Board) has regulatory oversight of interactive gaming in the Commonwealth, including licensing, testing devices, rulemaking, and other related duties.
An interactive gaming certificate is required to conduct interactive gaming. The Board is permitted to issue a total of 39 interactive gaming certificates, including 13 certificates for peer-to-peer poker games, 13 certificates for non-peer-to-peer simulated slot machines, and 13 certificates for non-peer-to-peer simulated banked table games. The slot machine licensees licensed at the time of the enactment of Pennsylvania’s law authorizing interactive gaming (the Act), were given 120 days to apply for certificates before the application was opened to other applicants.
After this initial period was reserved for slot machine licensees, the application period was opened to qualified gaming entities (QGE). A QGE is “a gaming entity licensed in any jurisdiction which has satisfied the requirements of this chapter and any other criteria established by the board, including financial and character suitability requirements.”
Pennsylvania Online Casino Partnerships
All online gambling sites in PA must have established a partnership with a land-based casino in the state. The following is a list of those partnerships. The benefit of knowing this may be when, or if, you would like to provide cash at the casino cage for a deposit or withdrawal. In this case, you would likely need to go to the partnered land casino for the transaction.
|Name of Casino||Licensing Casino||Date Launched||Software|
|Hollywood Casino||Hollywood Casino||July 2019||IGT|
|Pokerstars Casino PA||Mount Airy Casino Resorty||November 2019||PokerStars |
|UniBet Casino PA||Mohegan Sun Pocono||November 2019||SG Digital|
|BetRivers Casino PA||Rivers Casino||January 2020||IGT|
|DraftKings Casino PA||Hollywood Casino||December 2020||Entain (Formerly GVC)|
|BetMGM Casino PA||Hollywood Casino||December 2020||SBTech|
|Betway Casino PA||Live! Casino Hotel Philadelphia||June 2021||Betway|
|Caesars Casino PA||Harrah's Philadelphia Casino & Racetrack||April 2020||SC Digital|
|Borgata Casino PA||Rivers Casino||February 2021||Entain (Formerly GVC)|