Pennsylvania Sports Betting Regulations Take Shape, Mobile Betting Will be Permitted

Pennsylvania Sports Betting Regulations Take Shape, Mobile Betting Will be Permitted

Betting will also be allowed on both professional and collegiate sports, as well as motor racing and international events such as FIFA and the Olympics.Pay to Play

Unfortunately for both operators and bettors, it seems the PCGB isn’t budging on what are exorbitant taxes and fees.

In addition to a $10 million licensing fee, which has to be renewed every five years at a cost of $250,000, revenues from sports betting will also be taxed at a total rate of 36 percent.

That’s more than quadruple the 8.5 percent tax being collected in New Jersey, and more than five times the fee that s charged in Nevada.

The NFL and government lobbyists have spoken out against the rates in recent months, claiming that it would leave legitimate operators unable to compete with the illegal betting market.