If you wanted to illustrate the success and level of interest that exists in terms of gaming in the Keystone State, then how about these numbers? The PGCB (Pennsylvania Gaming Control Board) has confirmed that the tax revenue recouped from all gaming operations in the state (i.e. casino online and offline, sports betting, as well as fantasy sports) hit a record $2.54 billion for the 2023/24 tax year.
The total combined revenue for the period was an astonishing $5.89 billion, a big jump from the previous year’s $5.5 billion and proof that the gaming industry is alive and well in Pennsylvania.
If you are looking to get involved, then here you’ll find out all you need to know about new PA online casino options and key info that will help you make the right decision when it comes to selecting the right provider and brand to sign up with.
The latest numbers, covering June 2024, saw casinos and other gaming operations bring in $472 million in revenue, an increase of 7.15% year on year. Online gambling was responsible for a large proportion of the revenue, with $119.4 million coming from online slots and another $39 million from table games.
Sports betting brought in $29.9 million, which came off the back of $464.5 million in handle, a big increase on the same period last year. Online sports betting brings in over 95% of the overall sports betting market.
Of the 18 physical casinos in the state, six suffered losses in comparison with the same period last year, with the Mohegan falling by over 12% in terms of revenue. Pennsylvania is now the second biggest state in terms of revenue, with only Nevada ahead and nearby New Jersey just behind in the third spot.
In terms of the many sports betting options in the state, bet365 is now set to launch in the state with a PGCB spokesperson discussing their imminent move into the market,
“The bet365 soft launch in which PGCB staff conducts various checks to ensure that the platform is performing correctly per regulations did begin yesterday (July 16) and will run through Thursday. If all goes well, bet365 could get full approval on July 19,”
That will make bet365 the 12th online sportsbook in PA, where the likes of DraftKings, FanDuel and Caesars are among the big hitters. On their addition to the options available to sports bettors in Pennsylvania, bet365 released a statement, “With a venerable history saturated with numerous championships, intense rivalries and legendary athletes, Pennsylvania’s sports passion is undeniably Never Ordinary,”
“We enthusiastically welcome new and eligible bettors from Philadelphia, Pittsburgh, and the entire Keystone State as they join the bet365 experience, which features market-leading offerings like amazing bet boosts, the fastest in-game product, and unique same-game parlays.”
The UK company has proven a big hit in the United States since entering the market in 2019 and their move into Pennsylvania comes after launching in Louisiana, Indiana and North Carolina in 2024.
