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$500,000 license fee and 36 percent tax rate For Pennsylvania Online Poker
Tuesday June 02,2015 : MORE DETAIL NOW AVAILABLE ON NEW PENNSYLVANIA POKER BILL
$500,000 license fee and 36 percent tax rate. Pennsylvanian Senator Sean Wiley's draft proposal on gambling includes provisions for the regulation and licensing of online gambling, more details on which have become available this week.
Wiley is focused on internet poker, and online casino gaming is excluded from his legalisation drive, which envisages fully regulated and licensed online poker available to state punters by the beginning of 2017.
Licensing would be restricted to existing land casino companies licensed in Pennsylvania and prepared to cough up a $500,000 licence fee and taxes at 36 percent of GGR.
Wiley proposes that the state revenues raised from online gambling be allocated to the state racing industry (2 percent per annum), a Casino Reinvestment Grant Fund which has still to be created ($10 million a year) and the remainder to facilitate a school property tax freeze for senior citizens Wiley's draft bill also contains wide-ranging amendments to the state law regarding land gambling and casinos, one of them a proposal to freeze further land casino licence awards in order to review the market.
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Gambling News :
Pokerstars Bahamas Main and High Roller Results -
The inaugural PokerStars Championship Bahamas saw two big winners crowned this weekend when Christian Harder won the main event for $429,664 and Luc Greenwood took home $779,268 after taking down the $25,750 High Roller event.
High Hopes For Pennsylvania Online Gambling -
Pennsylvania state politicians have wasted no time in getting back to work in the new legislative season, and there is renewed hope for a gambling expansion bill that includes online gambling and daily fantasy sports.
NJ Warns No Federal Online Gambling Ban -
New Jersey Senator and gubernatorial candidate Raymond Lesniak warned that any attempt to overturn a 2011 Department of Justice opinion that the federal Wire Act exclusively governs sports betting would be met with a hard-nosed reaction from his state.
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