Parx Casino’s Racing License Renewed

Parx Casino’s Racing License Renewed

On Wednesday, May 15, 2019, the Pennsylvania Gaming Control Board (PCGB) voted unanimously to renew Parx Casino’s horse racing license. According to a press release from the PGCB, the board determined that Greenwood Gaming and Entertainment, Inc., the owner of Parx, complied with their obligations under the terms of the previous license.

The last time the Parx casino renewed its license for horse racing was in November of 2014. Before granting the renewal, the PGCB held a hearing on February 28, 2019. The board sought community impact testimony. Representatives from Parx submitted testimony about its horse wagering operations. Members of the public were also there to give testimony about their impact to their community. The board also requested information from community groups, local officials, local law enforcement, the Gaming Control Board’s Office of Enforcement Counsel, Bureau of Investigations and Enforcement, Office of Compulsive and Problem Gaming, and the Bureau of Casino Compliance.

Located just 20 minutes north-east of downtown Philadelphia, Parx Casino is a gambler’s paradise. Parx is an enormous and glitzy establishment offering horse-racing, table games, video poker, slots, live poker, and many eating and entertainment venues. All they are missing is a hotel on property, although they do have affiliations and special rates with several nearby hotels.

Parx began it’s gambling operation in 1974 as a “racino” called Keystone Racetrack, replacing Liberty Bell Park as the areas premier thoroughbred track. It changed owners and names in 1984 and was called Philadelphia Park. After several more ownership changes, the property received its casino license in 2006 and rebranded itself as Parx Casino in 2009. In 2010, table games were added to Pennsylvania’s casino licenses and Parx added a second building called Parx East to accommodate the new market.

This is where Parx is today. They have the largest casino gaming complex in Pennsylvania with over 3,300 slot machines, over 180 table games, an enormous 48 table poker room, and they are one of Pennsylvania’s six licensed racinos. The live horse racing season runs February through December, with races Saturday through Tuesday. Even when the racetrack is dark, wagering on races from other tracks nationwide is available 24/7.

Pennsylvania has 12 operating casinos and of those, these six offer horse-racing wagering:

Pennsylvania legalized thoroughbred and harness racing in the 1960’s. Since that time, wagering on horses has been a popular past time among the state’s residents and visitors.

Online and mobile horse betting

For those that prefer the online experience, Pennsylvania permits residents to place bets online and through mobile applications. Popular sites include the following:

  • TVG – The top horse race TV and online horse betting site in the country.
  • NYRA Bets – The New York Racing Association’s online wagering site.
  • Bet America – A Kentucky-based horse race wagering platform
  • TwinSpires – Churchill Downs’ horse racing app and the official betting partner of the Kentucky Derby.
  • DRFBets – The online betting platform of the Daily Racing Form.

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state’s casino industry, including sports wagering offered currently at eight locations. The oversight also includes other new gaming initiatives, expected to be launched in the coming months, which were created through Act 42 of 2017, an amendment to the Race Horse Development and Gaming Act.

The Commonwealth’s casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with two smaller resort casinos.  A thirteenth is approved and intends to open late in 2020. These facilities collectively employ over 16,000 people and annually generate approximately $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to Pennsylvania homeowners.

Additional information about both the PGCB’s gaming regulatory efforts and Pennsylvania’s gaming industry can be found here. You can also follow the agency on Twitter: @PAGamingControl