On March 14th The Pennsylvania Gaming Control Board (PGCB) starts taking applications for online casino licenses. It’s official, Pennsylvania will have online casinos very soon! Currently, the PGCB are dotting their I’s and crossing their T’s on the final draft of the application process. All and all, the license reviewing process could take anywhere between 90 to 120 days.
Let’s look into closer details at the application process.
- First, it’s important to know that in 2018 the PGCB only hands out 13 licenses. But also, that Pa’s existing casinos have a priority when it comes to obtaining an online license. Which explains why there are many casino acquisitions these days. It seems everyone is in a rush to get their foot on a parcel of precious PA land.
- Additionally, it’s worth knowing that in the first 90 days of the process. Only existing land-based casino can apply. But, after the 91st day and until the 120th day, foreign applications are accepted. Well, that is if they’re planning to get a brick and mortar casino in PA.
- As you’ve read before, each license cost $10 million. Which means that this year alone the online gaming industry could generate as much as $130 million.
Who has confirmed they’re getting a license?
- Churchill Downs was one of the first casinos to confirm they’re going online!
- Parx already has a fun money casino live in PA. Given that their site is up and running making a shift to real money wager is easy!
- PlaySugar House already has an NJ casino which is very successful. Given this, we also think they’re likely to apply for a license.
- Monmouth Park is probably itching to venture online! Especially since they already have an existing relationship, with William Hill, thanks to their Sports Bar in Atlantic City.
- Also, Penn National and Wind Creek are probably in a rush to capitalize on their latest investment.
- And last but not least, Boyd Gaming a European online giant bought Valley Forge Casino Resort last December. So it’s likely they’ll want a share of the online action too! Let’s see if we’re right in a couple of months!