Tom Wolf, the governor of Pennsylvania signed legislation on Monday to legalize online gambling in the state of Pennsylvania. The goal of the legislation is to help close the state’s large budget deficit. While not entirely excited about this option, Wolf determined that this was a much better option than raising taxes. While online gambling is one of the bigger outcomes of this legislation, the state is also expanding gambling opportunities to airports and truck stops, similar to Nevada.
Key Takeaways
- Pennsylvania is the 4th state to legalize online gambling (Nevada, New Jersey and Delaware are the others)
- The legislation is expected to raise $200 million annually from casino license fees and taxes on gambling losses
- Lawmakers expect this to help balance the state’s $2.2 billion budget deficit
Read the full article at USNews
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