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March 13, 2019

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The PA Senate passed a bill to legalize online poker, online casino games, daily fantasy sports, and sports betting on Oct. 26. Gov. Tom Wolf signed it into law just three days later. The bill, H 271, enacts widespread gambling expansion that extends beyond just PA online casinos.
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Dubbed “Black Friday” by players; a day when most Americans were trying to get their taxes filed, the FBI and Department of Justice quietly seized dozens of major gambling sites and indicted 11 people associated with the companies and related processing companies on felony charges that included money laundering, fraud, and violating the UIGEA.
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If you’re looking for entertainment, excitement and the chance to win a pocket full of money, then Craps is the game you’ll want to be playing. Even though Craps is difficult to play, there are few games that can provide a bigger adrenalin rush and if you want to learn more, look no further.
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Playing skill games for real money is another popular gambling activity. Unlike the activities just mentioned, however, this form of gambling has not yet fully taken off online. It’s probably just a matter of time until it does though, as there are several sites that offer a range of well-known skill games where you can compete against other players for real money stakes.
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  • Corrine Collier

    Those laws could change. The New York-based financial services institution Morgan Stanley estimates that online gambling in the United States will generate $2.7 billion in revenue by 2020. Morgan Stanley believes 15 US states will legalize online casinos and poker sites by that time. The number is down from previous estimates but shows the financiers still believe American gambling is headed in an upward direction.
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    One reason we think they started charging for play money chips, which they didn’t always do, is to monetize the large American player base they had post-Black Friday. This gives them the opportunity to turn players who can’t play for real money due to legal reasons, into real money customers.
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    Pennsylvania is currently home to more than 1,200 table games and more than 25,000 slot machines. Under Pennsylvania law, the state receives a huge cut of the industry’s slot winnings. Based off of slot revenue of $204 million last month, Pennsylvania collected $106.4 million in taxes. That’s more than a 50 percent. The largest portion of that money is used for property tax reduction to homeowners. The state sees itself as a true partner with the casino industry.
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