Valley Forge Applies For PA Sports Betting License

On the same day that Hollywood Casino began testing sports betting for an imminent launch on Saturday, Valley Forge revealed that they had applied for a sports betting license in the state.

Valley Forge joins a growing list of five other PA casinos that have so far signed on to offer sports betting in Pennsylvania.

In a filing to the Pennsylvania Gaming Control Board on Wednesday, Valley Forge cited Betfair Interactive as a partner on the casino’s sports betting platform. FanDuel is a subsidiary of the company and is currently the second largest sportsbook in New Jersey. They offer a FanDuel-branded brick and mortar sportsbook at the Meadowlands as well as an online sportsbook at FanDuel.

Valley Forge has been among the many PA casinos that have been busy this year. They were approved to offer online gambling in early October. That $10 million license allows Valley Forge to offer online poker, online slots, and online table games. Valley Forge has partnered with software platform IGT to run at least a portion of their casino platform.

Who are the other PA sportsbooks right now?

For some time during this summer, it almost looked as though few if any PA casinos would apply for sports betting. At the very least, casinos would be extremely cautious in approaching the industry. Concerns have been raised regarding the state’s high tax rates on sports betting revenue as well as a $10 million license fees.

But slowly but surely, nearly half of PA casinos have decided that sports betting can be profitable or at least be used as a loss leader.

Prior to Valley Forge’s license submission, all five PA casinos that had applied for licenses had been approved.

Hollywood Casino (owned by Penn National Gaming), launching November 17th
Rivers Casino (Rush Street Interactive), launching by early December
SugarHouse (Rush Street Interactive), launching by early December
Parx Casino and Philly Turf Club (owned by Greenwood Gaming and Entertainment), launching by end of 2018, early 2019
Harrah’s Philadelphia – no known launch date
– Valley Forge – applied November 15th