Published
Land-BasedCasinoSports BettingIndustry

Pennsylvania gambling surpasses $385m in first year of new law

Gambling has brought Pennsylvania more than $385m during its first year since a gambling expansion bill was passed.

Pennsylvania

Since late 2017, Pennsylvania has brought in over $1m a day from gambling. This has been down to upfront licensing fees for casinos, sportsbooks, tax revenue from lottery expansion and daily fantasy sports, among others.

The estimates were put together by PlayPennsylvania.com using official statistics. However, Pennsylvania has estimated the state is set to generate over $34bn in general fund revenues in its 2018-19 fiscal year.

Jessica Welman, analyst for PlayPennslvania.com, said: "The most notable aspect of the significant revenue that has been generated is that this is almost completely from fees, rather than tax revenue gained from gamblers.

"Clearly there is enough interest in Pennsylvania’s enormous market so far to generate the fees."

With the recent opening of a sportsbook in November at Hollywood Casino at Penn National, more sports betting openings are also expected over the next couple of months.

Dustin Gouker, lead sports betting analyst for PlayPennsylvania.com, said: "The addition of retail sports betting should help buoy a slowing Pennsylvania casino industry. If New Jersey is any indication, though, the more significant revenue generator will be online sports betting. A successful rollout there should generate millions of dollars in tax revenue for the state."

Premium+ Connections
Premium

Revsharks

 
Premium

Galaxsys

 
 
Premium

Imagine Live

 
Premium

Digitain

 
Premium

PIN-UP Partners

 
Premium

Sport Generate

 
Premium

1xBet Partners

 
Premium

RISK

 
Premium

GammaStack

 
Premium

Lynon

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...