Pennsylvania just had a good gaming week, but a potential political storm is brewing in Harrisburg at the start of October which could reshape gambling in the Commonwealth.
For starters, we’ll go with the good news. Live! Pittsburgh Casino should be open around Thanksgiving, with details to come.
Penn National Gaming‘s Barstool Sportsbook app joined the crowded online sports betting market in PA, sprinting toward a likely top-tier position among the likes of FanDuel and DraftKings. Barstool is the tenth online sportsbook in Pennsylvania.
On the horizon, though, there is Senate Bill 1256. The legislative proposal finally sees the light of day in public during a hearing on Oct. 6 in Harrisburg. The bill would greatly change the wagering landscape, widely legalizing video gaming terminals or VGTs, and allow for the licensing and placement of devices dubbed skill games in all sorts of locations.
No complaints with the Portnoy Effect
Penn National boldly bought into Barstool Sports, a sports digital brand with numerous podcasts and a gazillion followers led by Dave Portnoy, at the end of January. The 36% stake in Barstool for $163 million in cash and stock was meant to help shift Penn toward a younger demographic.
PENN stock has mostly popped since.
And early numbers showed a high interest in signing up for the recently launched app. While data is limited because the app is so new, projections indicate the app should place Barstool among the top ranks of PA sportsbooks.
Online poker only option with poker rooms closed
The tourney features guarantees totaling $1.5 million across 50 events. PlayPennsylvania has the full schedule and details.
Expanding VGTs and legalizing skill machines on the agenda
Sen. Jake Corman, the Republican majority leader, is pushing Senate Bill 1256, a 29-page legislative proposal focused on expanding video gaming terminals, or VGTs, and expressly legalizing games of skill.
While there was lots of closed-door discussion in the Republican caucus, the measure gets its first public hearing on Oct. 6.
PA casinos hate the proposal. A discussion of the proposal coincides with the beginning of the second round of budgeting for the state.
But skills game company Pace-O-Matic also hates it. They see Corman as sympathetic to rival skills game companies from outside PA.