Noticias de ultima
  • 12.00 America Simulcast Drives Innovation in Horse Betting and Wins Over the Crowd at Peru Gaming Show 2025
  • 12.00 GGL presents its 2024 activity report: Effective measures although fight against illegal gambling remains challenging
  • 12.00 GGR for 1Q of 2025 reaches €398 million with strong y-o-y growth in casino and active accounts
  • 12.00 The Danish Gambling Authority Blocks 178 Illegal Gambling Sites, Highest Number Since 2012
  • 12.00 Vietnam Greenlights $2B Van Don Casino Development, Still Weighing Local Entry
  • 12.00 ANJ Pushes for Stricter Regulations in France’s Online Gambling Industry
  • 12.00 Thailand Delays Casino Bill as Gambling Risks Spark Public Outcry
  • 12.00 NOVOMATIC reaffirmed its commitment to the institutional strengthening of the sector in Latin America
  • 12.00 Aviator Studio Announced as Official Sponsor of Best FTN Game Soundtrack at Ortak x B.F.T.H. Arena Awards 2025
  • 12.00 New Zealand: Bill Introduced to Regulate Online Casino Gambling
Gaming

Pennsylvania Gambling´p Expansion Nears $400 Million for the State in First Year

Monday 10 de December 2018 / 13:40

2 minutos de lectura

(Las Vegas).- Gambling has injected more than $385 million into Pennsylvania coffers in the first year since a law was passed to expand gambling in the state, surpassing state budget estimates. Upfront licensing fees for casinos, online casinos, and sportsbooks, as well as mini-casino auction profits and tax revenue from lottery expansion and daily fantasy sports, have combined to net Pennsylvania more than $1 million a day since late 2017, according to a recent analysis by PlayPennsylvania.com.

Pennsylvania Gambling´p Expansion Nears $400 Million for the State in First Year

"The most notable aspect of the significant revenue that has been generated is that this is almost completely from fees, rather than tax revenue gained from gamblers," said Jessica Welman, analyst for PlayPennsylvania.com. "Clearly there is enough interest in Pennsylvania's enormous market so far to generate the fees."


The revenue estimates were tabulated by PlayPennsylvania.com using a combination of official statistics and estimates based on iLottery, keno, and virtual sports sales numbers. A detailed accounting of the revenue generated so far can be found at playpennsylvania.com/revenue.


Using return-to-player rates of the games, PlayPennsylvania estimates that the state has collected more than $23 million in revenue from online lotto games ($19.6 million), keno ($3.6 million), and virtual sports ($87,000) through October.


Other sources of revenue so far from the law include:



  • Mini-casino auction profits, $128 million

  • Interactive gaming petitions, $94 million

  • Casino licensing, $78 million

  • Sports betting petitions, $60 million

  • Daily Fantasy Sports tax revenue, $1.4 million


By comparison to the gambling expansion, the state collected $799.8 million in taxes from statewide slot revenues in fiscal 2017-18. Pennsylvania estimated in February that the state will generate more than $34 billion in general fund revenues for its 2018-19 fiscal year.


"If the point of the expansion was to fill short-term gaps in the state's budget, then the expansion would have to be considered a success so far," Welman said. "We believe that the gambling expansion will eventually prove to be a winner for the state's budget, but the long-term picture is less certain. More casinos and sportsbooks must open before we get a clear picture of whether Pennsylvania's relatively steep tax rates and license fees will produce the desired outcome."


With the November opening of the sportsbook at Hollywood Casino at Penn National, the rollout of sports betting is just beginning in Pennsylvania. More openings are expected in December and January, too.


In addition, Pennsylvania should begin adding revenue from online gambling in early 2019, and further down the line, mini-casinos should enter the fray.


"The addition of retail sports betting should help buoy a slowing Pennsylvania casino industry," said Dustin Gouker, lead sports betting analyst for PlayPennsylvania.com. "If New Jersey is any indication, though, the more significant revenue generator will be online sports betting. A successful rollout there should generate millions of dollars in tax revenue for the state."


For more detailed information on the revenue generated in Pennsylvania, visit playpennsylvania.com/revenue.

Categoría:Gaming

Tags: online gaming, casinos, Fantasy Sports, Sports Betting, Sports Gaming , Sportsbook , Gambling,

País: United States

Event

Peru Gaming Show 2025

18 de June 2025

America Simulcast Drives Innovation in Horse Betting and Wins Over the Crowd at Peru Gaming Show 2025

(Lima, SoloAzar Exclusive) – Jefferson Pernudi, Product Manager at America Simulcast, stated that growing interest in the Peruvian market for international racing products and technology solutions tailored to both retail and digital sectors motivated the company to participate in the Peru Gaming Show. Read more in this interview.

Monday 30 Jun 2025 / 12:00

Strong return for Amatic Industries at Peru Gaming Show 2025

(Austria).-Amatic Industries has made a remarkable comeback at this year’s Peru Gaming show, which took place from 18 – 19 June. The company’s return to PGS was met with strong interest, positive feedback and promising new business opportunities.

Thursday 26 Jun 2025 / 12:00

Innovation, networking and opportunities: Belatra Games reviews its successful participation at Peru Gaming Show 2025

(Cyprus).- Belatra Games is satisfied with its participation PGS 2025. They achieved new connections, upgraded ideas, and left the show with even stronger intentions to provide quality entertainment on the highest level.

Monday 23 Jun 2025 / 12:00

SUSCRIBIRSE

Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.

PODCAST