Noticias de ultima
  • 12.00 Soft2Bet Earns 2025 Nomination for Best iGaming Solutions in Romania
  • 12.00 Pasig City Acts to Limit Gambling Reach Through Ban on Ads, Promotions
  • 12.00 Odisha Removes Jail Term for Gambling After Jan Vishwas Bill Passage, Sparking Political Debate
  • 12.00 Altenar Expands Global Presence Through Strategic Sportsbook Partnership with Betico
  • 12.00 Experience Art Deco Elegance with Amusnet’s Hot Deco Super Pot
  • 12.00 Texas Governor doesn't support changing Constitution to legalize casino gambling
  • 12.00 R. Franco Digital and TikiTaka Play sign a strategic agreement to increase online gaming through the IRIS Platform
  • 12.00 Hard Rock Hotel & Casino Atlantic City appointed Jon Morosky as New Vice President of Table Games
  • 12.00 Nevada Sounds the Alarm on Casino Prediction Markets
  • 12.00 SAFE Bet Act 2025: Altenar explains What US Sportsbook Operators Need to Know
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

iGaming Club Conference Cancun

24 de November 2025

Levon Nikoghosyan Confirms iGaming Cancun’s Success and Future LATAM Expansion

(Cancun, SoloAzar Exclusive).- The vibrant energy of iGaming Cancun has set the tone for a new chapter in the Latin American iGaming industry. Levon Nikoghosyan, CEO and Co-Founder of AffPapa and iGaming Club, shared his enthusiasm for the event’s debut in Mexico, highlighting its impact on the regional market and the company’s ambitious plans for the future.

Thursday 04 Dec 2025 / 12:00

iGaming Club Cancún 2025 Concludes Successfully with Strong Connections in Its First LatAm Edition

(Cancun, SoloAzar Exclusive).- iGaming Club Cancún 2025 came to a close last night with a comprehensive experience of conferences, networking, and the AffPapa iGaming Awards LATAM gala, consolidating itself as a unique space for operators, affiliates, and providers in the region.

Thursday 27 Nov 2025 / 12:00

iGaming Club Cancún 2025: Affiliates, Operators, and Innovation Take Center Stage on Final Day

(Cancun, SoloAzar Exclusive).- The second and final day of iGaming Club Cancún 2025 unfolds today, bringing together operators, affiliates, and select B2B providers in a unique networking and conference environment that highlights the evolving dynamics of the Latin American iGaming market.

Wednesday 26 Nov 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.