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PGCB Warns Congress on Sports Betting Market Risks

10/9/2025

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Story summary
  • The Pennsylvania Gaming Control Board (PGCB) generated $2.8 billion in tax revenue for 2024-25.
  • O’Toole, Executive Director of the PGCB, raised concerns about sports prediction markets in a Pennsylvania letter.
  • He says these markets threaten Pennsylvania's gaming framework and operate outside state oversight.
  • He urges Congress to engage the Commodity Futures Trading Commission (CFTC) to address dual-track wagering issues.