Greenwood Gaming hopes for third sportsbook in Pennsylvania

The parent company of Parx Casino in Philadelphia, Pennsylvania, Greenwood Gaming, is getting serious about sports gambling in the state. It launched its first sportsbook at Parx before following it up with a second license request for the South Philadelphia Turf Club and is now looking for its third license, to be issued to the company’s Valley Forge Turf Club.

The license, if approved, will more than likely be issued in March or April. Based on previous license approvals, the turn-around time is about six weeks, which means that the latest request probably won’t be decided during this month’s meeting of the Pennsylvania Gaming Control Board (PGCB).

There are currently six sportsbook licenses in circulation in the state and 13 total are up for grabs. Presque Isle Downs submitted its application last month and is expected to hear a ruling on its approval, or denial, when the PGCB meets tomorrow.

Last December, there were three sportsbooks operational in the state – Sugar House Casino in Philadelphia (or Philly to its friends), Rivers Casino in Pittsburgh and the Hollywood Casino at Penn National Race Course. They did well for themselves, reporting a combined handle of $16.3 million. Of that amount, Pennsylvania raked in $722,356 in taxes.