Harrah's Philadelphia Sports Betting could be on the horizon

Harrah's Philadelphia is the 3rd PA casino to apply for a sports betting license.

Harrah's Philadelphia is the latest PA casino to apply for a sports betting license in Pennsylvania.

The casino confirmed that they have paid the hefty $10 million application fee and are awaiting the approval from the Pennsylvania Gaming Board.

Harrah's will only be the 3rd PA casino to apply for a sports betting license after Parx Casino and Hollywood Casino. 

Applications for sports betting were opened on April 16, but the 13 eligible establishments have been slow to act.

It is thought that the sizeable application fee and the 36 percent tax are turning off the other applicants.

In comparison to other states, the Pennsylvania Gaming Control Board's licensing fee is 100 times more expensive. Both West Virginia and New Jersey only ask for a $100,000 licensing fee.

With regards to taxes, PA casinos are set for some of the highest in the country - nearly four times greater than other rival states.

In 2017, the Pennsylvania state voted for an expansion of gambling - including offering licenses for online casino games and some land-based improvements.

PA online gambling was expected to go live by the end of 2018, but it is implied that this will now be pushed back until early 2019. Only two casinos in Pennsylvania have opted not to apply for an online casino license (which also costs $10 million).

At the time of writing, five casinos have received licenses for internet gambling activities including SugarHouse Casino and Hollywood Casino. The websites will be able to offer a range of slot machines, table games and peer to peer games like online poker.

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