PA Assembly Votes to Allow Fantasy Sports
HARRISBURG, Pa. (Associated Press) - The Pennsylvania House of Representatives passed legislation Tuesday to expand legalized casino-style gambling to websites, airports and mobile applications. The measure passed, 114-85, and was sent to the Senate. Here is a look at the highlights:
Daily fantasy sports betting in Pennsylvania would become regulated and taxed in Pennsylvania. Fantasy sports companies such as FanDuel and DraftKings would have to apply to the Pennsylvania Gaming Control Board for a license and pay a 5 percent tax based on in-state participation. Applicants would have to verify that players are at least 18, their identity and location.
Licensed commercial casinos in Pennsylvania can apply to the gaming board to operate casino-style gambling on websites and mobile applications. The fee to operate a website would be $8 million. Mobile applications would only be accessible at an international airport in Pennsylvania. Proceeds from website gambling would be taxed at a 14 percent rate to the state and 2 percent for economic development projects. Mobile application gambling would be taxed at a 34 percent rate to the state and 20 percent to the airport.