Legalizing Internet Gambling Could Mean Millions for PA, New Report Says

Legalizing internet gambling in Pennsylvania could generate as much as $110 million annually, a new report suggests.

A report released Wednesday by by the General Assembly's Legislative Budget and Finance Committee says legalizing internet gambling could produce up to $68 million in tax revenue the first year alone, according to a story on Philly.com.

The report, prepared by Econsult Solutions Inc., of Philadelphia, states internet gambling could generate as much as $110 million annually without jeopardizing the success of the state’s casino industry, Philly.com reported. 

Internet gambling is currently illegal but not punishable in Pennsylvania.

The report also outlined ways to make the casinos in Pennsylvania more competitive with those in nearby states. Suggestions in the report include allowing credit card cash advances on the casino floor and eliminating the $2,500 ceiling on check cashing in casinos, Philly.com reported.  

Ike May 08, 2014 at 10:01 AM
Its a SIN. How could the state legalize sinning? With the lottery and casinos. Do you know who spends most of their money on these. The poor and the drugs dealers. Sure make pot legal.They would stop spending so much money on trying to stop it . And while they are at it . Make all drugs legal. They don't know how to stop it . And the way they think , they would make a lot money from it .Do those who run the state and the country ever know what the heck they are doing . They don't have a lick of common thoughts. Dumb as a rock , some of them are. Or maybe they are the ones who make the most money .
Francis Kilinsky May 08, 2014 at 10:16 AM
Having visited the two casinos in the Pittsburgh area I found that the majority of slot players were senior citizens! In the not too distant future they will have gambled away their life savings. I also like the way gambling is portrayed - it's call gaming!
Joseph May 08, 2014 at 10:37 AM
This casino revenue is a big crock. One opened up in my town and it was promised all this tax relief. Wrong. All these casinos opening up are killing each other. Now we are adding online betting. This will fail big time.
Lilly Skywalker May 09, 2014 at 06:42 AM
Pennsylvania is second to Nevada in Casino Revenue. I sent an open letter that was posted in several newspapers asking the Governor to Show Me The Money. No reply. Yet our tax money is either gone or spent on what? Government perks and salaries! Why not tax Marcellus Shale appropriately? We are the only state that I know of that gives gas and oil industries a free ride. As far as online gambling. I cannot imagine how much hacking will go on. The Sands just had possible identity theft and that was an inside hacking job. Lose your identity and YOU have to prove you are not the one spending the money on the credit card, etc. You have to prove your innocence for EVER and getting identity theft protection after the fact is TOOOOO Late.
Art Wegweiser May 09, 2014 at 11:30 AM
You expect a reply from Corbett? You think PA should get more benefit from its resources? Not as long as our Governor is in the pocket of the Oil & Gas as well as other industries. Remember that in November, please and help sack him.


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