Just two days ago, we brought you the news that the Pennsylvania House Gaming Oversight Committee was to vote on online gaming in the state today. However, the vote will not be taking place today. The hearing has been cancelled, which means the measures on the table for consideration of online gaming will not be considered as of right now.
The Pennsylvania Gaming Oversight Committee page lists the upcoming meetings and today, when viewed, the meeting says cancelled. On Monday, the 26th, the committee will still be meeting to discuss the addition of slot machines at local airports. Looking forward to the 27th of October, the meeting schedule has an event on the calendar for 9:30 AM with the Finance and Gaming Oversight committee.
Under the description of this event, it says that the Joint Public Hearing will be exploring the potential for online lottery/gaming in the state. This will at least have the subject up for discussion in the coming days.
The budget deficit of Pennsylvania is sitting at close to $2 billion which could be helped by online gaming, even though it may take months for the activity to be launched if legalized. Research suggests that if the state were to offer online poker and casino gaming, hundreds of millions could be earned. Poker could bring in almost $130 million while casino games could result in $180 million.
The cancellation of the meeting is a negative when considering the state is at a budget impasse at over 110+ days. The state must come up with some idea to help meet budget needs. Due to the impasse, momentum continues to grow for online gaming consideration as the state needs to desperately raise tax revenues. No comment has yet to be made by legislators as to why the scheduled hearing was cancelled.
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