The state of Pennsylvania is $112 million richer, thanks to its third satellite casino auction. Mount Airy won the bigging for a license with a $21 million bid. The casino plans to build their satellite in Lawrence County. According to the Morning Call, Lawrence County leaders sent out letters to the states existing casino trying to convince them of the countys readiness to welcome a satellite to their area. County commissioner chairman Dan Vogler said he and his colleagues were waiting on the results of the lottery to find out who won and where the winner would build their property. We watched it here this morning, and we were very pleased with how it transpired, Vogler said. Mount Airy became the third casino in three auctions to win a license. Penn National scored the first one with a $51 million bid, while Stadium Gaming LLC snagged the second one for $41 million. Mount Airy beat out two other casinos Per the Pennsylvania Gaming Control Boards rules, the auctions take place at 10 a.m. Bidders provide the auction board with two envelopes one contains the casinos bid and one contains the coordinates of where the casino plans on building their satellite. After the auction was over, the board released the results: Sands and Parxs bids lagged behind Mount Airys offer. Satellite site just a few miles from 500,000 people What makes the satellite casino auctions so fascinating isnt just the bidding; its the strategy. For example, Penn National won the first satellite license. Its mini-casino will pop up in Yoe County, which gives it access to Maryland residents driving up the interstate to gamble in Pennsylvania. However, there arent any major cities near the Maryland-Pennsylvania border. Stadium Gaming LLC, the group who will soon break ground on Philadelphias second casino, won the second satellite license auction. Their site is just outside Pittsburgh, a move that will capture coming from the east of the metropolis and will, it seems, cut into Rivers revenue. Mount Airys Lawrence County location may be the most ingenious of all of them because their site will be a 30-minute drive from Youngstown, OH, a city whose urban and surrounding area is home to more than 500,000 people. The city does have a racino Hollywood Gaming at Mahoning Valley Racetrack but the property has no slot machines or table games, two things the satellite property will offer. A look into the future of the remaining seven satellite licenses There are two factors that stand at the forefront of the discussion about Pennsylvanias remaining seven satellite licenses. First, theres a good chance prices may decline as each new license comes up for auction. The first license went for around $50 million, the second for $41 and third for $21 million. The minimum bid is $7.5 million. The downward trend points to the next license selling for less than $20 million, but its no guarantee. Second, strategy may dictate who bids and when. For example, Stadium Gamings plans to build just a few miles east of Pittsburgh may push Rivers to make a move for a satellite and capture some of the revenue theyll inevitably lose from the Stadium property. SugarHouse, the original Philadelphia casino, may also feel pressure from Stadium Gamings satellite. While the satellite wont cut into SugarHouses revenue, the money Stadium earns from that second location could be leveraged to strengthen their soon-to-be-constructed Philadelphia location through better marketing, expanded entertainment venues, and other avenues of growth.