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Penn National Looks to Add Sports Betting Before NFL Season 2018

sports betting Penn National CEO Tim Wilmott from the recent earnings call: “We anticipate accepting wagers on sporting events at our casinos in Mississippi, West Virginia, and potentially Pennsylvania prior to the start of the National Football League’s season opener in September.” But where will Penn National sportsbooks be located? Mississippi was expecting to launch its sports betting industry last week, though regulators are saying that there is still work to be done before doing so. That said, the state could roll out its operations within days. Elsewhere, West Virginia has set a timeline of early September to go live with its industry. Pennsylvania , however, has not found much traction. Because of an astronomic licensing fee of $10 million and a tax rate of 36 percent, no properties in the Keystone State have applied for sports betting licenses. Yet state lawmakers are optimistic that sports betting will still be ready to rock come football season. According to Penn National’s earnings report, the company is “continuing to engage with state lawmakers in our other jurisdictions to advocate for http://casinobingodhs.wickforce.com passage of sports betting laws with reasonable tax rates and license fees, similar to legislation enacted in the West Virginia , Mississippi and Nevada models.” Penn National has padded its portfolio of late, including an ongoing acquisition of Pinnacle Entertainment that, according to Wilmott, has been approved by seven states, including the three mention above as well as Illinois, Indiana, Ohio and Louisiana. “Over the last several months, we have worked diligently with Pinnacle’s leadership to http://livebettingxjd.metablogs.net better understand the company’s culture and processes and engaged with leaders and team members from all corporate functions.

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