|Posted:||January 23, 2017 04:29 PM|
|From:||Representative Robert F. Matzie|
|To:||All House members|
|Subject:||Legalize Sports Betting in PA|
|In the near future, I will be introducing legislation to allow Pennsylvania to legalize sports betting through its licensed facilities.
Sports betting in the United States totals an estimated $400 billion per year, with only 1% taking place in legal form. Fantasy sports betting draws in an estimated 57 million participants. The reality is that not only has the perception of sports betting changed over the years, but the ways in which to participate in some form of sports betting has greatly increased.
As you may know, the State of New Jersey has tried, several times, to legalize sports betting. Although their initial attempts were denied, their final appeal was scheduled to be heard by the US Supreme Court on January 17. The Court, however, announced that it would wait until a US Solicitor General was confirmed to weigh in on the issue. This is encouraging, given that President Trump has addressed his stance on the sports betting industry – and his support for legalization – on at least two occasions.
Our Commonwealth is uniquely positioned to oversee sports betting in all its forms, and should be ready to act should the federal ban be lifted. As evidenced by yet another record setting year of gaming revenues, our licensed facilities are thriving. Legalizing sports betting will simply enable Pennsylvania to regulate a multimillion dollar industry that already exists.
I respectfully ask that you give your consideration to co-sponsoring this legislation.
Introduced as HB519