Pennsylvania could see $50 million a year in sports gambling revenue

Pennsylvania could see $50 million a year in sports gambling revenue

Newly released numbers show the Department of Revenue estimates Pennsylvania can anticipate between $40 and $50 million in tax revenue annually once all sports wagering licensees are fully operational.

For fiscal year 2018-19, the department predicts $11.2 million in tax revenue from the recent sports wagering expansion, allowed by a recent U.S. Supreme Court ruling. For fiscal year 2019-20, the number is expected to increase to $33.6 million.

However, a 2017 study conducted by Oxford Economics indicates once sports wagering is more convenient nationally, the commonwealth would experience a decrease in tax revenue due to the high tax rate.

Monday, December 10, 2018/Author: Robert Cochran
Categories: News and Views
Telepsychiatry could be the mental health medium for rural Pennsylvania

Telepsychiatry could be the mental health medium for rural Pennsylvania

In an effort to curb the opioid crisis in Pennsylvania, telemedicine in psychiatry, commonly referred to as telepsychiatry, is being popularized in rural Pennsylvania, where treatment centers and clinics are not easily accessible.   

Friday, October 27, 2017/Author: Robert Cochran
Categories: News and Views
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