![]() ![]() Still, each license will cost $4 million, and the companies that receive them will be selected at random if there are too many applications. For the third licensing phase, outside entities will be allowed to submit their applications. The Pennsylvania Gaming Control Board has been allowed to issue 39 licenses, and local casinos have already claimed 32 during the first two licensing phases. The biggest problems facing potential iGaming operators in Pennsylvania have to do with taxes and a high barrier of entry. In 2017, the combined revenue of all Pennsylvania-based casinos exceeded $3,000,000. Pennsylvania already has a well-established land-based gambling industry, which is second only to Nevada in its size. The local iGaming industry is expected to surpass that of Nevada, New Jersey, or Delaware due to Pennsylvania’s large population – almost 13 million, compared to nine million in NJ or three million in NV. Thus, the Keystone State became the fourth state to legalize online gambling. On May 14, 2018, the Supreme Court declared the federal ban on sports betting unconstitutional, overturning the Professional and Amateur Sports Protection Act of 1992. The new regulations allowed casinos to offer sports betting as soon as the Supreme Court ruled on this matter. On October 30, 2017, Pennsylvania passed a bill introducing online gambling and daily fantasy sports to the state.
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