HARRISBURG – Today Sen. Gene Yaw (R-23), announced that he will be unveiling legislation that will establish a regulatory framework and taxing structure on skill video games in the Commonwealth.
In a memo circulated to Senate members, Yaw explained the legislation could generate an estimated $300 million in immediate annual tax revenue.
“Pennsylvania’s skill game terminals are manufactured right here in Lycoming County and the finished products exist in fraternal clubs, veterans’ organizations and taverns, as well as other local businesses throughout the Commonwealth,” Sen. Yaw said. “Skill games are a piece of the small business economy in our state, and it’s time we recognize the benefits of this emerging industry and offer regulatory support, so that we can ensure it flourishes – safely and responsibly.”
Under the proposed measure, all games will be required to be connected to a terminal collection and control system that allows the Commonwealth to monitor all transactions and ensure that all taxes are accrued and paid. Additionally, the legislation will strengthen penalties for those who operate unlicensed and illegal games and gambling devices.
Yaw said this legislation, which will help rid the market of illegal games and provide the state with additional tax revenue while supporting small businesses, is expected to be formally introduced later this month.
For more state-related news and information, constituents can visit Senator Yaw’s website at www.SenatorGeneYaw.com or follow him on Facebook and Twitter @SenatorGeneYaw.