Harrah’s Philadelphia Expands Into Legal Sports Betting

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The state of Pennsylvania has been an early player in the race to bring legal sports betting to its land-based casinos and horse racing venues. Plans had already been in place ahead of May’s US Supreme Court decision favoring an individual state’s right to offer legal sports betting within its borders.

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Flash forward to late September and those plans are in full swing when it comes to the actual licensing process. This will soon result in on-site sportsbooks being added to select casino gambling venues in the Keystone State. Also, Search for local casinos by state over here.

When Will Harrah’s Philadelphia Expand Into Legal Sports Betting?

In a recent post on the Philadelphia Inquirer and Daily News website www2.philly.com by Andrew Maykuth , it was announced by the Pennsylvania Gaming Control Board that Harrah’s Philadelphia is the third Pennsylvania casino/race track to file an application for a sports betting license.

Along with Hollywood Casino at Penn National Race Course near Harrisburg, Harrah’s became the second Philadelphia casino to throw their hat into the sports betting ring after Parx Casino in Bensalem applied for a license earlier in the year. Parx also has plans to offer legal sports betting at its off-track racing betting outlet located near Philadelphia’s stadium complex.

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Harrah’s Philadelphia casino is located just outside the city in Delaware County and it first opened as Chester Downs and Marina LLC. The long-term plans call for mobile and interactive online sports wagering along with its land-based sportsbook. The casino’s interactive sports wagering services will be operated under the supervision of Caesars Interactive Entertainment LLC, which is a subsidiary of Caesars Entertainment Corp. This is the parent company of Harrah’s.

See How Caesars Entertainment currently operates sportsbooks in Nevada and Mississippi

Caesars Entertainment currently operates sportsbooks in Nevada and Mississippi along with books at Harrah’s and Bally’s casino properties in Atlantic City.

According to this report, the state’s gaming control board is expected to begin its review process in October. Any applicant that is successful in achieving a sports betting license will need to pony up a $10 million license fee before it can open an actual sports betting facility.

Understand The Pennsylvania Race Horse Development and Gaming Act

The original measure that legalized sports betting in Pennsylvania was part of a comprehensive gambling expansion bill that was passed by legislation in October of last year. HB 271 was part of the Pennsylvania Race Horse Development and Gaming Act.
Harrah’s Philadelphia Expands Into Legal Sports Betting | Harrahs Casino Philly

One of the big issues facing Pennsylvania’s expansion into the sports betting industry are the highest entry and operating fees of any state that has already begun the process of legalizing sportsbooks. Along with the $10 million license fee, there is a tax rate on revenue of 36 percent, which is four times higher than the tax rate charged in the border state of New Jersey. This is probably why only three of the state’s 12 casino operations have filed an application to date.

William Hill USA’s vice president of business development is Dan Shapiro and he was quoted as saying in light of these high costs, “It’s just not something we’re looking at seriously right now” in reference to entering the PA market. His company currently operates two of the three Atlantic City sportsbooks that opened for business back in June.

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Harrah’s Philadelphia Expands Into Legal Sports Betting | Harrahs Casino Philly
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Harrah’s Philadelphia Expands Into Legal Sports Betting | Harrahs Casino Philly
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See How Harrah’s Casino In Philadelphia, The state of Pennsylvania Has Expanded From Casino Gambling Into Legal Sports Betting
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