On Thursday, August 15, KAX Media America, the American subsidiary of Gambling.com Group Plc received approval from the Pennsylvania Gaming Control board (PGCB) and the West Virginia Lottery to enter their respective betting markets. Gambling.com Group’s made the announced through a press release where they stated that the approval of their expansion bids in both states will allow it to implement a number of lucrative commercial agreements with existing and licensed gambling operators in each of the two states. Some of the anticipated commercial agreements will include revenue share agreements which will see both entities benefit from the partnership.
Gambling.com still has plans to expand to other states where there is proper regulation of online gambling. Their goal is to offer disruptive products and services that will include mobile betting services. Both Pennsylvania and West Virginia are nascent online gambling markets which makes them great places for the company to begin.
“As the American market grows, it’s critical to have resources like Gambling.com and Bookie.com in the conversation to steer consumers toward the safe and regulated gaming environment. With a massive population of die-hard sports fans, Pennsylvania will surely become one of the largest sports betting markets in the U.S.,” said Charles Gillespie, the CEO of Gambling.com Group Plc.
It is, however, worth noting that the aforementioned states are not the only first states where Gambling.com has made its mark – the company already commercial agreements with gaming operators in New Jersey where it has enjoyed quite a bit of success. It has been active in New Jersey since 2017 and only secured approval to create revenue-sharing agreements in the state this year.
Online Gambling in Pennsylvania
It has been just a little over a month since Pennsylvania’s highly-anticipated online gambling industry went live. Despite a number of setbacks that resulted in its delay, the sector not only managed to launch with a total of three casinos but it has also posted some impressive revenue figures for the month of July. Furthermore, it is expected to grow even further in the near future.
The revenue figures for the state’s online gambling industry were released on Friday, August 16 by the state gambling regulators. According to the report, the three online gambling sites that were launched in July generated $812,306 in online gambling revenue for the month with the state receiving $326,700 in tax revenue. SugarHouse Casino’s PlaySugarHouse online gaming site brought in $422,796 while Parx Casino’s and Hollywood Casino’s iGaming platforms accounted for $260,124 and $129,386 respectively.