Pennsylvania is the leading candidate this year between states which might regulate online poker. The odds for Internet poker legislation have been very low this year but it would seem that key legislators are saying that there is still hope for a bill to be signed into law this year in Pennsylvania.
This all comes from State Representative John Payne who has introduced one of many online poker bills into the Pennsylvania legislature this year. He has told press that online poker and other gambling expansion plans may come up in discussion over the state’s budget. While this process might take several weeks, it might be the first occasion when proposals like this would be taken seriously by legislators. The key aspect they are looking at is if these programs will bring any revenue to the state’s budget.
After they saw that New Jersey was way too optimistic with their projections, a lot of people are wondering exactly how much money it could generate in Pennsylvania, especially if this law would only be for poker.
In an effort to boost the revenue, the temptation to up the tax rate collected from operators is very high. Payne would like to impose a rate of 14 percent while others are arguing that the rates should be as high as 54 percent, which would be the highest rate in the entire country. This makes you wonder how they expect businesses to actually operate with such a huge tax rate.