\nWolf was apprehensive in signing the gaming expansion package. The Democrat, who won re-election last November, said he didn’t want to take from “one bucket called gambling to another.”<\/p>\n<\/blockquote>\n
Several of the state’s licensed casino operators \u2013 including Penn National, the oldest gaming company in Pennsylvania \u2013 opposed the expansion. However, they nonetheless bid heavily during the satellite auction process in order to protect major market areas.<\/p>\n
State Winning<\/b><\/h2>\n
As the satellites open, and slot machines and sportsbooks continue to infiltrate new towns, Wolf and others will soon realize whether the state is capable of supporting the new gaming avenues. But for now, lawmakers in the Harrisburg capital are quite pleased.<\/p>\n
\n
The five satellite auctions delivered $119.5 million in licensing revenue to the government. To include table games, each of the five venues will need to pony up an additional $2.5 million.<\/p>\n<\/div>\n
Sports betting licenses cost $10 million per operator. Casinos can also pay $10 million for online poker and internet casino slots and tables<\/a>, or purchase the three classifications\u00a0\u00e0\u00a0<\/span>la carte for $4 million each.<\/p>\nPlay Pennsylvania<\/i>, an online site monitoring the market, estimates that the state has generated nearly $400 million in new taxes since passing the law.<\/p>\n","protected":false},"excerpt":{"rendered":"
Pennsylvania casinos kicked off the year in style, as the 12 land-based floors collectively won $254.2 million. And that doesn’t include an additional $2.6 million from sports betting. Slot machines accounted for the vast majority of the gross gaming revenue (GGR). The terminals generated a $179.8 million win, which is a 1.15 percent increase on […]<\/p>\n","protected":false},"author":25,"featured_media":98800,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,1074],"tags":[],"acf":[],"yoast_head":"\n
Pennsylvania Casinos Begin 2019 Strong, Sports Betting Handle Doubles<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n