Casinos limited to only one online sportsbook

Posted By admin on January 25, 2019

In a surprise move, the PGCB limited the potential revenue from sports betting by allowing only one sports betting license per casino. Compared to neighboring New Jersey which allows three skins per casino, the PGCB may have significantly reduced the tax liability owed to the state from the activity. Additionally, the regulation can impact a heavy hitter in the nascent sports betting industry: DraftKings. Most Likely, DraftKings will try and follow fellow DFS site, FanDuel, and partner with a Pennsylvania casino. FanDuel partnered with Valley Forge Casino and recently received conditional approved by the PGCB. Currently, the PGCB is focusing on launching retail sportsbooks. Expect online sports betting to come to the Keystone State in early 2019.

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