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Online poker legislation to emerge soon - Pennsylvania
The State of Pennsylvania is following New Jersey, Delaware and Nevadas path in terms of online gaming legislation in which poker occupies a prominent place. Despite the failure of the adoption of a draft law on online gambling last year, all technical supports are now in place for the bill to be debated in the best conditions. In fact, State lawmakers see the benefits to be generated by this legislation of online poker game within Pennsylvania after the publication of a new study commissioned by Pennsylvania Legislative Budget and Finance Committee in May. On Tuesday, a public hearing will take place in front of the Pennsylvania Senate Community, Economic and Recreational Development Committee; the topic will focus on gaming industry in this State. The hearing will also highlight the recent study conducted by the State officials, demonstrating the positive aspects of the introduction of online game in this business area largely dominated by land-based casinos.
According to this study entitled The Current Condition and Future Viability of Casino Gaming in Pennsylvania, the legalization of poker and other online games should bring additional revenues to the State, the presence of which will not overshadow the existing revenue currently obtained at live gaming market, especially via live gaming tables and slot machines. According to the same report, land-based casino revenues are likely to decline in the near future due to strong competition with other casino operating in Maryland, Ohio, New York and New Jersey. Many Pennsylvania residents have reportedly joined illegal and unregulated poker sites. By regulating the market and establishing such a framework to protect players from offshore poker sites, the State believe that the revenue generated by online poker games will value at $ 129 million a year.
Source: Jack SMITH
Tuesday, 03 June 2014
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