Clicky

Pennsylvania's Gambling Expansion Plans – So Far So Good - PennsylvaniaPoker.com News : PennsylvaniaPoker.com News
gambling
Published on
Update on

2018 has definitely been an eventful year for the state of Pennsylvania especially when it comes to the states rapidly growing industry. Gambling expansion, which was one of the state’s top agendas in 2018, has brought a number of welcome developments including the long-awaited launch of sports betting. Thankfully, these plans are still on track as we head to 2019.

Perhaps the most monumental development for the gaming scene in the United States was the May 14, 2018, Supreme Court ruling that lifted the federal ban that had been imposed on sports betting by the Professional and Amateur Sports Protection Act of 1992 (PASPA). This effectively gave states the green light to venture into the new form of gambling. The Keystone was one of the states that were fast to take advantage of the space even. In fact, the state had been preparing for this all along as it already had clauses dealing with sports betting in its October 2017 gambling expansion bill.

In addition to adding sports betting to the local legal gaming market, the state gaming regulator went further expand existing sectors being allowing online gambling and the establishment and satellite casinos.

Has It Paid Off?

Well, the need for a convenient way of filling the gap in the Keystone State’s budget still exists in 2018. Fortunately, online gambling and sports betting licensing and operations have been a great way for the state to compensate for the deficit. This seemed to be a calculated move since at the time that the United States Supreme Court lifted the federal ban on sports betting, there were already 12 casino developers operating in the state.

Gambling expansion in Pennsylvania brought in excess of $385 million to the state’s coffers which was way above the preliminary expectations of some gambling experts and financial analysts. Most of the revenue, in this case, was accumulated through taxes with casino licensing bringing in close to $94 million and mini-casinos auction profits clocking in at about $128 million. Daily Fantasy Sports (DFS) was arguably the most disappointing but the amount it recorded was still a significant improvement when compared to what it brought in the previous year.

Enter Video Gaming Terminals (VGTs)

At the beginning of December 2018, several stores form York County-based the Rutter’s chain submitted applications for licenses that would allow them to operate video gaming terminals. Only five terminals would be allowed at each of the stores.

As of this writing, the Pennsylvania Gaming Control Board has revealed that it has given the green light to as many as 23 truck-stop locations with the launch of the machines slated for the first quarter of 2019. This will, however, only be after the Gaming Control Board, makes an inspection of the locations after which the licenses will be verified. The general theory is that the average return of the machines will be the same as the slot machine terminals and the state plans to collect more than 50 percent of the total revenue generated by the video gaming terminal. Approximately 42 percent of the revenue will be directed to the state’s General Fund.

Latest Headlines

Players Will Need to Travel to Play in WSOP Online, Negreanu Says

The World Series of Poker (WSOP) Online will host 54 WSOP bracelet events on the GGPoker platform Daniel Negreanu, GGPoker Ambassador, outlines certain changes to the schedule and advises players on how to participate if they play from restricted jurisdictions Micro-stake players will get a chance to qualify for some of the big WSOP events […]

Poker Traffic Relatively Unchanged in PA in June

With the lockdown slowly letting up in the United States, poker revenue has begun to fall and some argue, poker traffic. Yet, PokerStars’ traffic in Pennsylvania has remained fairly intact during peak times. Poker Traffic See-Saws in Pennsylvania, But Ultimately Holds Strong Poker traffic in the United States went up dramatically in March when the […]

Pennsylvania Poker Down from April, Still Strong in May

After a record-setting April, PokerStars PA has posted slightly lower results in May, but still an impressive number. The number of concurrent poker players reached 993 people on April 23. Online Poker Remains Strong in Pennsylvania Pennsylvania’s online poker results have continued to impress. Even though casinos in the Keystone State have reopened, albeit, at […]

PokerStars PA to Launch $750K Summer Series on June 18

With Pennsylvania continuing to see a steady interest in poker, PokerStars PA has announced the Summer Series. The event will feature 38 events across 11 days between June 18 and June 28. PokerStars PA Readies $750,000 GTD Summer Series Pennsylvania is looking at a string of 38 events that will kick off on Thursday, June […]

Three Casinos Prepare to Reopen in Pennsylvania on Tuesday, June 9

Pennsylvania should have already had casinos open in theory. The Pennsylvania Gaming Control Board (PGCB) and state governor approved the official opening date for June 5, but no casino rushed to launch at the end of the week. Instead, three casinos are planning to re-start operation this coming week, and they represent less than half […]

Similar PA Casinos Post

Poker Traffic Relatively Unchanged in PA in June

With the lockdown slowly letting up in the United States, poker revenue has begun to fall and some argue, poker traffic. Yet, PokerStars’ traffic in Pennsylvania has remained fairly intact during peak times. Poker Traffic See-Saws in Pennsylvania, But Ultimately Holds Strong Poker traffic in the United States went up dramatically in March when the […]

PokerStars PA to Launch $750K Summer Series on June 18

With Pennsylvania continuing to see a steady interest in poker, PokerStars PA has announced the Summer Series. The event will feature 38 events across 11 days between June 18 and June 28. PokerStars PA Readies $750,000 GTD Summer Series Pennsylvania is looking at a string of 38 events that will kick off on Thursday, June […]

Three Casinos Prepare to Reopen in Pennsylvania on Tuesday, June 9

Pennsylvania should have already had casinos open in theory. The Pennsylvania Gaming Control Board (PGCB) and state governor approved the official opening date for June 5, but no casino rushed to launch at the end of the week. Instead, three casinos are planning to re-start operation this coming week, and they represent less than half […]

Online Poker in Pennsylvania Sets an All-Time Revenue Record

Online poker in Pennsylvania soared during lockdown in April with PokerStars PA posting $5,253,304 in revenue over the period. PokerStars PA Notches Record Poker Revenue in April While poker won’t return soon to physical card rooms in Pennsylvania, the online poker market has been booming. With PokerStars PA generating $5,253,304 in April, based on Pennsylvania […]