With football season just around the corner, the Pennsylvania casinos that will have sports betting has increased to…..2.
Per the Pennsylvania Gaming Control Board, the parent company of the Parx Casino submitted a petition to implement PA sports betting last Friday.
Greenwood Gaming and Entertainment were another company to petition regulators in the state for sports betting at the South Philadelphia Turf Club, which is defined as an “off-track betting facility”.
Penn National submitted a petition for the Hollywood Casino earlier this month, making it the first casino to do just that. Parx is also in a club of just three other casinos that may commence with an online casino and poker.
If all goes well, Greenwood will have two retail sports books as well as online betting in Pennsylvania. With that, Greenwood is essentially saying they’re OK with paying the $10 million licensing fee and the 36 percent effective tax rate on all sports betting revenue. In the petition, Greenwood stressed that sports betting is good for business.
This collective past experience and success clearly renders GGE qualified to conduct sports wagering. Based on its performance to date, there can be no doubt that the conduct of sports wagering by GGE will significantly expand the positive economic impact the casino currently provides to the Commonwealth, its municipalities and residents.
One interesting tidbit: The number of jobs expected to be created are redacted in this petition.
Looking at everything, it seems as though Parx wants to be up and running as soon as possible—even before football season is over.
Finally, GGE respectfully urges the Board to review this Petition and grant its Certificate expeditiously so as to enable GGE to commence sports wagering in a timeframe that enables it to capture as much of the popular fall sports seasons and events as possible.
Penn National also desires sports betting to be available in the fall. We’ll know more at the PCGB meeting in October.
Parx also said that it wants “a combination of land-based, mobile, and interactive sports wagering.” However, the mobile/online part of it may need to wait until later this year or even 2019.
From this, there will be 12—soon to be 13—retail sports book outside of the casinos. According to the PGCB, where the turf club is a “non-primary” location, the licensure needed by GGE for Parx will cover it.
Although Greenwood owns two other OTB’s, there were no petitions for those locations.
Penn National owns OTB’s in both York and Lancaster. In the future, we could even see mini casinos in Pennsylvania susceptible to allowing sports betting.
States With Legal Sports Betting USA
LEGAL & ACTIVE LEGAL, AWAITING LAUNCH POSSIBLE 2019 LAUNCH
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