Pennsylvania and New York’s legislatures have entered a symbolic race against each other to legalize online gambling this year.
To this end, Pennsylvania’s lawmakers are meeting on March 28 to discuss allowing the state’s 12 casinos to offer i-gaming next to their land-based services.
The Parx Casino is the only opponent to online betting, claiming that internet casinos could cannibalize existing revenues.
The state’s casino gambling market has been hovering in the region of $3 billion for about six years without registering growth.
According to estimates, online gambling could contribute about $300 million per year.
State representatives have met over 80 times during the past two years to consider ways of boosting revenue and combating competition from neighboring states. Last month, Governor Tom Wolf put forward a budget proposal calling for $250 million from gambling expansion. If online casinos are approved, they could be responsible for $10 million from licenses and further amounts from taxation in the region of 15-25 percent.