SugarHouse And Rivers Casino Apply For Sports Betting In PA

SugarHouse and Rivers Casino Sportsbetting

 

Two Rush Street Gaming owned casinos applied to offer sports betting last week. SugarHouse and Rivers Casino became the 4th and 5th casinos to apply for a $10 million license to offer sports betting in the state of Pennsylvania.

In submitting sports betting license applications the two casinos join three others as they wait for approval from the Pennsylvania Gaming Control Board:

  • Mountainview Throughobred Racing Assocation — Hollywood Casino at Penn National
  • Greenwood Gaming and Entertainment – Parx Casino, Philly Turf Club
  • Harrah’s Philadelphia
  • Rush Street Gaming – SugarHouse
  • Rush Street Gaming – Rivers Casino

License applications for sports betting in PA opened up in mid-July but because of concerns about the high cost of entry — a $10 million license fee plus a 36% tax rate — many casinos have been cautious about jumping in. It wasn’t until mid-August when the first Pennsylvania casino — Hollywood Casino applied to offer sports betting. Since then, applications have begun to trickle in with the owner of the Parx Casino — Greenwood Gaming and Entertainment — applying in late August to offer sports betting at the Parx Casino and at the Philly Turf Club.

After a one month drought of applications, Pennsylvania has seen three applications over the course of the week – with Harrah’s Philadelphia coming early on in the week followed by SugarHouse and Rivers joining the party at the end of the week.

With five PA casinos jumping into sports betting so far, that potentially leaves eight PA casino that could apply. There is currently no deadline to submit applications so it’s likely we will continue to see applications trickle in — and possibly slow down — as casinos watch how the market unfolds on the sidelines before jumping in.

What’s next for sports betting in PA?

At the next PGCB meeting, the board is expected to approve the first two applications from Mountainview Thoroughbred Association and Greenwood Gaming and Entertainment. With the NFL season in full swing, both companies could be chomping at the bit to start taking bets. Unfortunately, Pennsylvania bettors might have to wait just a little while longer.

Regulations state that a Pennsylvania casino must apply for sports betting at least 90 days before taking bets. The Mountainview Thoroughbred Racing Association applied in mid-August, putting the 90 day period around November 15th. Greenwood Gaming and Racing could start taking bets approximately a week later on November 22nd.

The PGCB could move up those dates or waive the requirements altogether, but other Pennsylvania casinos could potentially object. With the meeting slated for Wednesday, we should know sooner rather than later.

Author: Craig Klinski