House lawmakers on Thursday approved House Bill No. 1887, which aims to mend a neighborhood share tax issue that if left unresolved would depart some Pennsylvania communities with a casino without up to $10 million in slot machine tax revenue.
A state Supreme Court ruling q4 struck down the tax as it affected the state’s 12 casinos disproportionately. Basically, smaller casinos had a subject with the tax code.
The tax situation is regarded as urgent, so Keystone State lawmakers were working long hours this week at the proposal as this year’s regular session came to an in depth. Pennsylvania’s House, which approved online gaming in June in a stand-alone gaming expansion bill, amended the tax fix measure to incorporate online casinos.
The state estimates that online gambling would generate $300 million in revenue for the casino industry. That might add about 10 percent to the state’s existing gambling market.
A separate state budget plan approved earlier this year included $100 million from online gaming, so momentum was building all year for Pennsylvania to become just the fourth state within the country with gambling at the web.
The House voted 108-71 in favor of HB 1887 with the net gaming provision. Daily fantasy sports regulation was also included. In line with reports, the Senate may be on recess until mid-November before potentially voting at the bill.
The legislation also includes allowing limited gambling at Pennsylvania’s international airports.
The Morning Call reported that it’s unclear if the Senate will approve the legislation, although it must settle the tax issue once possible. The Senate could just let the bill die.
“If the bill doesn't become law or faces another lawsuit, municipal officials say they are going to must raise taxes, cut services or borrow money to balance their budgets in 2017,” the report said.
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