How the state government will benefit from sports betting

SUNBURY – Pennsylvania has the green light for sports betting thanks to a U.S. Supreme Court ruling Monday striking down a federal law banning sports gambling in most states.

State Representative Fred Keller (R-85th, Kreamer) joined WKOK’s On The Mark Tuesday to break down what it means for state government, “There’s a tax rate of 34 % on the profit. There’s a local share of 2%, 1% for the host county, 1% for the host municipality.”

Governor Tom Wolf already signed a law regulating sports betting in Pennsylvania if it became legal at the federal level. Keller read a key point in the bill, “The board shall, when federal law is enacted or repealed, or a federal court decision is filed, that permits a state to regulate sports wagering, publish a notice in the Pennsylvania bulletin certifying the enactment or repeal or the filing of the decision. So that’s what gave them the authorization to do it.”

It’s still unclear when sports betting will begin legally in the state. The Pennsylvania Gaming Control Board says its staff must first write regulations the agency’s seven-member board must approve.

 

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