Online operators have said at that rate they\u2019re not interested. But are they bluffing? It might not matter.<\/p>\n
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As it stands, it sets the license fee at $10 million to operate internet slots and online peer-to-peer table games, such as poker. The tax rate for the poker portion of these gaming revenues would be set at a more workable 16 percent.<\/p>\n
Daily fantasy sports, meanwhile, would be regulated and taxed at 12 percent, on top of a 7.5 percent licensing fee, with a floor of $5,000 and a ceiling of $50,000.<\/p>\n<\/div>\n
But because other elements of this bill have a court order to get done, a likely possibility is that state lawmakers cut the online component moving forward if the numbers don\u2019t add up.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Pennsylvania Senate approved landmark legislation to legalize online gambling Wednesday. And now the hard part really begins. The measure passed on a bipartisan 38-12 vote. It marked the first time the Senate had advanced any online gambling legislation. But the move that matters to so many in the online gaming industry really was a […]<\/p>\n","protected":false},"author":42,"featured_media":51050,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,19,13],"tags":[],"acf":[],"yoast_head":"\n
Pennsylvania Advances Online Gambling Bill, But Don't Get Excited Yet<\/title>\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