On Monday, the Supreme Court overturned the Professional and Amateur Sports Protect Act, a federal law that prohibited states from allowing sports betting to become legal. This decision was made because the Supreme Court believed that the states should have the power to make this decision on the state level without control of the federal government.
The Pennsylvania Gaming Control Board now has the opportunity to create new rules and regulations involving sports betting that will fall under Pennsylvania’s Act 42 the law that allowed a huge gaming expansion signed by Gov. Tom Wolf in October 2017.
Licensed casinos in the state will now be able to apply for a sports wagering license to conduct sports betting either on location at the casino, an off-track betting location or online. However, it is very expensive to apply for a sports wagering license. The fee is $10 million with a renewal fee of $250,000. Not to mention the high tax rate of 34% to the federal government, 1% to the county and 1% to the municipality.
Governor Wolf believes that the new revenue from the sports wagering licenses will increase yearly budgets for other government programs like education and healthcare. However, this didn’t come under intense criticism as others believe that Pennsylvania should not rely on the public to help balance the state budget.