Pa. Gambling Expansion Leads to $385m Revenue Boost - News % : News
  • 3 minutes read
Published on
Update on

A little over a year ago, the Keystone State passed an expanded gambling package that paved the way for sports betting, online gambling as well as online lottery sales. According to recent revenue reports, this seems to have paid off as the expanded gambling sectors have brought in over $385 million to the state’s coffers in the last year – this amount can be easily be equated to $1 million per day and it significantly surpasses the initial state budget estimates.

These very impressive revenue figures can be attributed to licensing fees, auction profits on satellite casino licenses, the expansion of the state lottery, interactive gaming and sports betting licensing as well as typical gaming revenue. However, it is important to note that the typical gaming revenues contributed very little to the earnings. To verify these figures, experts used official data that was provided by license application fees as well as an estimate of the revenue across all of the sectors that make up the state’s gambling industry which among many others include the online lottery, keno, and virtual sports sales.

The amounts injected into state coffers from various activities varied but it has been estimated that lottery games and the so-called “draw-based” products accounted for $23 million and $19.6 million respectively while keno trailed behind even though it brought in an impressive $3.6 million. Daily fantasy sports came in last even though the $1.4 million that it accounted was still fair especially when compared to previous earnings.

Growth Driven by Licensing

Understandably, this year has been quite busy for the Keystone State mostly due to the tremendous efforts it has invested in getting its expanded gambling plans off the ground. With such developments as the abolishment of PASPA by the U.S. Supreme Court in May, the state has had to introduce asset of regulations for sports betting while at the same time ironing out other issues with online gambling, daily fantasy sports, satellite casinos, and the lottery.

It was, therefore, not too surprising that most of the revenue came from licensing deals – it is estimated that the Commonwealth received $128 million for satellite casino licenses and an additional $94 million for interactive gaming licenses. Casino license fees provided $78 million while licensing fees for sports betting apps clocked in at about $60 million.

What Next?

Well, the state has very high hopes for its gambling industry. Sports betting just recently went live in the state with Penn National’s Hollywood Casino being the first venue to offer the service. Online gambling is also expected to officially launch in the first quarter of next year. All of these added to the typical gambling revenues including slot machines which brought in $799.8 million in the last fiscal year puts the overall projections for the entire Pennsylvania gambling industry at $34 billion in the 2018/2019 fiscal year.

Latest Headlines

PA Court Allows Seizure of Skill Game Machines

The Pennsylvania State Police can now resume their seizure of skill games from Pace-O-Matic. There has been plenty of controversy over the games, as a ruling deemed the games illegal. This ordeal began in November, when a court ruling determined that skill games from Pace-O-Matic and other operators could not legally operate in the state. […]

New York, Nebraska and Kentucky Introduce Poker Bills

2020 seems like it is going to be a great year for poker across the United States. We’re not even a month into the year yet, and three states have introduced laws that aim to legalize the game along with other gambling activities. First, there was Nebraska. Lawmakers in the state decided to introduce a […]

Parx Casino Teams Up With Everi Interactive in Exclusive Content Deal

Online casinos across Pennsylvania are working hard to offer their players exciting gaming experiences, and what better way to do that than with a great selection of games? Parx Casino wants its players to have access to a wide range of slots, so the operator has recently entered into an exclusive content deal with Everi […]

Lucky Player Hits Huge Jackpot at PA Online Casino

One lucky player in Pennsylvania welcomed in the new year in a truly exciting way, landing a huge jackpot worth nearly $300,000 at The player, who has requested that they remain anonymous, won the jackpot while playing a NetEnt slot called Divine Fortune. On December 28, the player had decided to give a few […]

Pennsylvania Gaming Board Names Casino Players Who Have Been Involuntarily Excluded

The Pennsylvania Gaming Control Board has published its list of players who have been publicly excluded from casinos. The list was started in 2010, and now has the names of 809 players from across the state who have excluded from gambling venues across the state for casino-related offenses. “The list consists of career or professional […]

Similar PA Casinos Post

Kindred Debuts Unibet-Branded Sportsbook in Pennsylvania

Last Friday, Nordic online gambling operator Kindred Group followed up its New Jersey debut by launching its second sportsbook in the Keystone State. The company’s Unibet branded sportsbook officially went live in Pennsylvania through a multi-year partnership with Mohegan Sun Pocono which is owned and operated by Mohegan Gaming & Entertainment, Mohegan Tribe’s casino resort […]

FanDuel Boosts Pa. Sports Betting Revenue in August

In August 2019, sports bettor in Pennsylvania placed a whopping $109 million in sports bets, an 84 percent increase from the amount that was wagered in July. According to the revenue report that was released by the Pennsylvania Gaming Control Board (PGCB) the online gambling sector was the biggest contributor to the revenue. In total, […]

Tides Turn for Pennsylvania’s Lady Luck Casino Nemacolin

The Keystone State’s gambling industry has been thriving thanks to a number of new developments in both the retail and online gambling sectors. Even so, not everything has been as rosy as we may hope and one of the issues that the state’s gambling industry has been grappling with has been the declining interest in […]

Legal Sports Betting Finally Takes Off in Indiana

Indiana has officially become the 12th US state to legalize sports betting after three of the state’s casinos were inaugurated on September 1 just in time for the forthcoming NFL season. Of the three casinos that debuted their sports betting offerings, one of them was privileged to have been inaugurated by Governor Eric Holcomb who […]