Additionally, when a company wins a bid, they have 6 months to submit the development plans and find a site to build on. Of course, Pa resident will benefit from these revenues. In a word, the PA state could make $240 million from this auction.
And the bid for a large casino averages $50.1 million. In case, you wondered the bid for a mini-casino license averages $40.1 million. According to our sources, the auctions are at the end of February. The PGCB (Pennsylvania State Gaming Board) is holding an auction for those who want to buy a license. We already feel the positive impact the legislation changes are having in Pa! Indeed, according to the headlines, 6 new mini-casinos will open in Franklin County very soon.
