Pennsylvania Gaming Industry Shows Growth
Pennsylvania is on track to becoming an even richer gaming state. According to new financial records on the 2018/19 financial year, Pennsylvania gaming revenue made $3.3 billion. The gross income from wagering on sports garnered $21.7 million, online fantasy sports matches generated $23.5 million, and land-based casinos with table games created to winnings of $885.5 million. Slots revenue made the largest amount of money, which is at $2.37 billion.
In 2017, the Pennsylvania Gaming Control Board (PGCB) introduced the Expanded Gaming Act. This Act was set as the framework that governs sports betting in the state. The Pa. gaming industry comes in at second place in terms of revenue, with the first being Nevada. The gaming act also legalized betting on daily fantasy sports, internet-based gambling and gaming lounges at airports, video game machines inside specified truck stops, and the package is extended to 10 land-based satellite casinos. US players will have a lot of entertainment coming their way. This as the Penn gaming board declares that there is still a lot of work in the pipeline.
More Online Casinos for Penn. State
Pennsylvania state has continued to legalize gambling at casino sites with recent announcements being made. Players can now enjoy various casino games all day with new legislation allowing 24-hour digital gambling. Pa. is the fourth US state to permit this. The Pennsylvania Gaming Commission (PGC) announced that the National Hollywood Casino, as well as the Parx Casino, were the only two casinos given licences to operate 24 hours a day, online.
They further stated that the casinos have gone through the necessary steps and passed tests. This has made them eligible to operate as such. Regulators from the PGC have said that SugarHouse Casino, based in Philadelphia, will be next in line for testing.
More Money, More Growth For Pennsylvania Gaming
Some experts predict that with the successful implementation of all the tech advances in the gaming industry, Pennsylvania gaming will be looking at $4 billion gross gaming revenue in 2019/20. There are quite a few factors to consider. For example, the introduction of online poker, getting the mini-casinos to start operating, as well as the potential success of sports betting. There is much to be done before the dollars coming raining down.
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