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PA sports betting licenses are available for $10 million. Wilmott told investors that Penn is actively working to shape online gambling and sports betting legislation in other states, too. In the future, it would prefer the more operator-friendly framework in place in West Virginia, for example. Pennsylvania’s new law and the introduction of state-regulated online gaming makes the headlines, but Penn’s sights are set on the pending $2.8 billion acquisition of Pinnacle Entertainment. In the meantime, the group has also invested $57.1 million at auction for two of PA’s new satellite casinos. Given the focus on Pinnacle, a return on this investment is likely some time off. Penn has asked the Pennsylvania Gaming Control Board for a 60-day extension on the deadline to submit plans.
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Makes various changes concerning Board members. Indefinitely extends the authorization for advance deposit wagering. Contains provisions concerning testing of horses at county fairs and standardbred horses. Further amends the Riverboat Gambling Act. Changes the short title to the Illinois Gambling Act and changes corresponding references to the Act. Adds additional owners licenses, one of which authorizes the conduct of casino gambling in the City of Chicago. Makes changes in provisions concerning the admission tax and privilege tax. Makes other changes. Contains a severability provision. Effective immediately, but does not take effect at all unless Senate Bills 1, 2, 3, 4, 5, 6, 8, 9, 10, 11, 12, and 13 of the 100th General Assembly become law.
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