PA, March, 13th 2018: It has been 5 months since Pennsylvania Governor Tom Wolf approved the law regarding online casino legalization. Today, the state is coming ever closer to accepting applications from those who are looking to get an iGaming license.
Kevin O’Toole, PGCB Executive Director has mentioned that the period for the Pennsylvania online casino licensing process should begin somewhere around mid-April and end at around mid-July, a rough 90-day window. During this time, casinos in Pennsylvania can apply for poker and online licenses and get the following for $10 million:
- Peer-to-peer Gaming, i.e., Poker
- Online Table Games
- Online Slots
It’s worthy to note that the all-in-one license carries a large discount only during this 90-day window. Outside the time period, casinos will have to wait until the end and pay $4 million for each license. One the application is submitted PGCB will have 90 days to complete the review. It’s largely estimated that the first licenses should be handed out in the fall and site launches should pop up by the year’s end.
Interested casinos outside the state of Pennsylvania can send in their application after 120 days and pay $4 million to acquire each license. The application should begin somewhere around August, which gives Pennsylvania companies and partnerships a good head start.
Other Pennsylvania Gambling Applications
Online casinos are not just the ones that are moving on in the Pennsylvania gambling regulation front. VGTs, or Video Gambling Terminal applications should be ready by the same time online casino applications are opened. PA online lotteries should be up and running come May.
PGCB has released a draft on how companies can apply for a fantasy sports license just last week. There were also reports on how gambling entities outside Pennsylvania could get into operation much quicker if they would purchase a satellite casino site. Bidding for satellite properties began last week but there were no bidders; the second round starts soon, with Category Three casinos being able to participate alongside Category One and Two casinos who have bought their respective licenses during the earlier auctions. The total number of licenses for the second bidding is set at 12, and outside companies may have a chance at acquiring any of these licenses if they remain unbought after the 2nd auction process is completed.
Outside entities may only acquire a Category 4 license for mini-casinos, which isn’t enough to buy an online gaming license. This restriction prevents these groups from skipping the line to get an online casino running.
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