The Keystone State’s gambling regulator has recently approved two online casino operators for 24-hour operation following a testing phase that kicked off on July 15. Penn National’s Hollywood Casino and Parx Casino, the two casinos, were given the green light by the Pennsylvania Gaming Control Board (PGCB) after both of them passed the board’s tests. This means that the two can now offer their online gaming services across the state to patrons who are at least 21 years old. Unfortunately, the online gaming operations that are live now do not include online poker but the officials from both casinos have said that this will come at a later date.
Now, the next online gaming operation to launch 24-hour operations will be SugarHouse Casino in Philadelphia which is also soon rebranding. All in all, the addition of the online gaming vertical to the state’s gambling sector is set to make a significant difference in gaming revenue just like retail and online sports betting have in the last couple of months since they made their debut in the state.
In fact, the gaming control board recently released the revenue report for the fiscal year 2018/2019 and while it lacks most of the recently launched gaming verticals, it is still very promising.
An All-Time High
Pennsylvania’s licensed casino operations posted some very reassuring results for the just-concluded fiscal year which, that is, a whopping $3.3 billion in revenue. While this was just a 1.8 percent year-over-year increase, it was the highest amount ever recorded from the state’s gaming industry. A total of $1.39 billion in tax revenue went to the state.
Unsurprisingly, slot machines still turned out to be the key drivers of the revenue. The sector accounted for $2.37 billion in cumulative winnings from all the casinos offering slot machine gaming. Table games also performed quite well even though the total winnings went down 1 percent year-over-year.
Good Start for the Sports Betting Industry
As mentioned earlier, the state’s sports betting sector just recently went live and already it is beginning to flourish. The last month of fiscal year 2018/2019 proved to be a very strong month for the sports betting industry with revenues reaching a whopping $46.3 million.
Now that online gambling has gone live for both the casino and sports betting sector, there is a lot more to look forward. Online gambling has been growing in popularity across the country and Pennsylvania has the opportunity to capitalize on this popularity by bringing legal and regulated online gaming to its citizens.