One of the original 13 colonies, Pennsylvania was founded by William Penn as a haven for his fellow Quakers. It has six bordering states that include New York, Ohio, West Virginia, Delaware, Maryland, and New Jersey. The state’s capital is Harrisburg. Philadelphia, the state’s largest city, is home to Independence Hall where the United States Declaration of Independence and the United States’ Constitution were drafted.
Philadelphia is also the first planned city in North America. Pennsylvania’s capital, Philadelphia, was the site of the first and second Continental Congresses in 1774 and 1775, the latter of which produced the Declaration of Independence, sparking the American Revolution.
After the war, Pennsylvania became the second state, after Delaware, to ratify the U.S. Constitution. In the American Civil War (1861-1865), Pennsylvania was the site of the Battle of Gettysburg, in which Union General George Meade defeated Confederate General Robert E. Lee, bringing an end to the Confederacy’s Northern invasion, as well as Lincoln’s famous Gettysburg Address.
Tourists are drawn to Pennsylvania by its monuments to America’s revolutionary history, including Independence Hall and the Liberty Bell. Pennsylvania is the second large US state to regulate online casinos and with almost 13 million people, it is the fifth-largest state by population. The state has a long tradition in the gambling industry, with players generating relatively high gross game revenue per capita.
The government of Pennsylvania offers casino operators, software, and service providers in the gambling industry, with a gambling license that allows gambling operators to conduct business related to casino, lotto, and other gaming-related activities. The Pennsylvania Gaming License is one of the most coveted licenses for online casinos around the world.
In October 2017, the Pennsylvania state legislature approved a bill that allows online casino gambling. The state is working hard to bring new gaming experiences to players, and there is significant room for growth in Pennsylvania. Parx Casino parent group Greenwood Gaming and Entertainment were one of the first to file its application for a full online gambling license with the state’s gaming regulator.
The Swedish iGaming giant, NetEnt has applied for a gaming license with the Pennsylvania Gaming Control Board to supply local operators with its world-leading online casino games. A leading digital entertainment company, NetEnt provides high-quality gaming solutions to the top online casino operators globally. Pennsylvania’s infrastructure offers a wide array of services for online gaming operators and providers, such as high-capacity private racks, private cloud services, custom dedicated servers amidst other hosting options.
Pennsylvania has long been recognized as one of the preferred locations for Online Gambling operators to base their operations. This success has been due to a combination of factors, such as a progressive legislative system, political stability, first-rate telecommunications facilities, and a well established financial services industry. A wide range of gambling sites operates out of Pennsylvania including sports betting, casino sites, poker, bingo, and more.
Pennsylvania Online Gambling Regulations
The Pennsylvania Gaming Control Board is charged with regulation and oversight of the industry. The full spectrum of Pennsylvania gambling is completely legal within its borders. National Anti-Money Laundering Regulations, Unusual Transactions Act, Counter-Terrorism Financing Regulations and Know Your Customer Policies are applicable to all Pennsylvania Gambling Companies.
As part of its duties, the Pennsylvania Gaming Control Board monitors gaming businesses and services to ensure that they operate according to the standards and regulations of the Government of Pennsylvania. Compliance audits are conducted on a regular basis to ensure that the terms of the license are met.
Licensees must maintain a complete audit trail for each player making a deposit with an operator, including financial transactions and individual bets. Gaming systems, including back-end software logs, must be made available to third-party auditors. Gaming rules, results of games, and pay-outs are to be made available to the Pennsylvania Gaming Control Board for five years.
Let’s talk more about the benefits by understanding the reasons why obtaining a Pennsylvania igaming license may be ideal for you.
How to Start An Online Gambling Business in Pennsylvania
When starting a Pennsylvania Online Gambling Business, first of all, it’s important to think about one of the most essential procedures, that is company registration and acquisition of the license. Pennsylvania Gaming License gives many excellent opportunities to each licensee and makes their business profitable.
Pennsylvania has a low corporate income tax of only 36%, has no tax on bets, no sales tax, and no VAT. Pennsylvania has political stability, first-rate telecommunications facilities, and a well-established financial services industry.
In addition, it maintains an attractive environment for international online gaming companies. Pennsylvania Gaming License is recognized by many countries all over the world, so you will have a large potential customer base after getting it.
In order to obtain a Pennsylvania Gaming License, the decision to approve the application is at the discretion of the Pennsylvania Gaming Control Board, based on the documentation submitted by our experts. Pennsylvania issues one Online Gambling license which covers all gaming operations, igaming service providers, network operators, affiliates, white-label operators, and igaming software suppliers.
With this Pennsylvania Gaming License, online gaming companies can operate legally. Each applicant undergoes a thorough assessment, ensuring that licenses are only awarded to those applicants who are able to demonstrate such a financial standing and integrity as to preserve the international reputation of Pennsylvania as an online gambling hub.
In case something does not correspond to requirements, the Pennsylvania Gaming Control Board will provide a checklist of necessary improvements. A Pennsylvania Gaming License covers all forms of online gambling including Casino, eSports, Poker, Sports Betting, Lotto, Bingo, Horseracing, Bitcoin Casino, Fantasy Sports, Games of Skill, and other gaming-related activities without being required to obtain one license for each individual product. Pennsylvania Gaming License enables companies to operate all over the world.
Pennsylvania Gambling Requirements
Residence in Pennsylvania. Operators wishing to offer their services to Pennsylvania gamblers must be residents of Pennsylvania and they must obtain the relevant licenses and authorizations from the Pennsylvania Gaming Control Board. In case the company is a foreign entity, it must appoint a local director, whose domicile is in Pennsylvania, to deal with the competent authorities in the country and have the power to conclude contracts on its behalf
Opening of a bank account with one of the banks in Pennsylvania where the operator would need to deposit the players’ money. Licensed remote gaming operators will only be allowed to make payments to players through the payment processors that have been approved by the Pennsylvania Gaming Control Board
Requirements regarding the minimum share capital of the company depending on the type of game it offers
A monthly declaration giving details regarding income from games of change as well as the fees due will have to be submitted to the Pennsylvania Gaming Control Board on a standard form
Compliance with the principles regarding the protection of minors as well as with the content of the promotional material used and the locations where they can be displayed
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