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Pa. Gaming Control Board starts building sports betting framework

it won Pa. Gaming Control Board starts building sports betting framework it won't be in time for the NBA finals. But Pennsylvania Gaming Control Board did pass an initial set of temporary regulations Wednesday that, among other things, will open the door for casinos to apply for sports betting licenses this summer. Sports betting officially got on the express lane in Pennsylvania Wednesday, as the Pennsylvania Gaming Control Board passed a first set of temporary regulations to bring the business to life. The actions taken today, by themselves, don't mean that someone can place a legal bet in Pennsylvania on Game 1 of the NBA Finals Thursday night. But they are a necessary first step toward getting to that place in Pennsylvania, since casinos have to be licensed (at $10 million a pop), physically set up their "sports books," and take other steps to get the new line of business up and running. The rules adopted today are basically a first set to get the Gaming Control Board organized for sports betting, spokesman Doug Harbach said. Additional sets of temporary regulations, expected to be brought before the board in June and July, would actually give the casinos - the only approved bet-takers under the law - their rules of the road. Those would include actual standards and procedures for things like: how bets are taken; how point spreads betting lines and odds are set; and whether the state should set any minimum or maximum bets. With Wednesday's action, however, the state's casino operators will be technically able to start working on their applications for sport wagering licenses. The applications must show, among other things, that operators have the appropriate financing to run a sports book, they have the business ability / experience to do it; and appropriate security systems are in place.

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