Noticias de ultima
  • 12.00 Casino tycoon Tilman Fertitta Puts Las Vegas Strip Project Plans on Hold
  • 12.00 New launch: Galaxsys Expands Its Slot Portfolio with Gates of Asgard: Nine Realms
  • 12.00 Clarion Gaming Strengthens ICE Leadership with Appointment of Events Expert Margaret Dunn
  • 12.00 Philippiines: Record 1H gross gaming revenues, PAGCOR informed
  • 12.00 NYC Mayor Eric Adams Revives Bally’s Bronx Casino Proposal Amid Renewed Development Talks
  • 12.00 CT Gaming and Palms Bet Expand Partnership with Launch of Diamond King 4
  • 12.00 The Power of Partnership: Uplatform & Wazdan have signed a collaboration agreement
  • 12.00 Belatra Cyber Gypsies New slot Has Shaken the iGaming realm
  • 12.00 CT Interactive Marks Major Milestones in July: Strengthening Global iGaming Presence
  • 12.00 Sportradar unveils the News of This Football Season with 2025 API Enhancements
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

Facephi presented its digital identity verification solutions for the online gaming sector in Peru at PGS 2025

(Lima, SoloAzar Exclusive).- Facephi is consolidating its position as a strategic partner for responsible online gaming in Peru, presenting advanced identity verification, fraud prevention, and regulatory compliance solutions at PGS 2025, adapted to an increasingly digital and demanding ecosystem. In this interview, Bruno Rafael Rivadeneyra Sánchez, the firm's Identity Solutions Senior Manager, explores how its technology is redefining gaming security standards, with a preventative, seamless, and 100% regional approach.

Friday 18 Jul 2025 / 12:00

From PGS 2025, Win Systems Redoubles its Commitment to Peru: Innovation, Proximity, and Regional Expansion

(Lima, SoloAzar Exclusive).- In a revealing interview, Galy Olazo, Country Manager of Win Systems in Peru, analyzes the company's strategic role in one of the most thriving markets in the region. Its participation in the PGS 2025 trade show not only left its mark with its technological advances, such as the new Gold Club Colors electronic roulette wheels and the WIGOS management system, but also reaffirmed its commitment to the transformation of the sector and its consolidation in Latin America.

Tuesday 15 Jul 2025 / 12:00

Key debate during PGS 2025: Enforcement: Process to ensure compliance (laws, norms, rules)

(Lima, SoloAzar Exclusive).- During the 2025 edition of the Peru Gaming Show, the conference ‘Enforcement: Process to ensure compliance (laws, norms, rules)’ took place, with an international panel of professionals who debated about the current challenges to combat illegal gaming and guarantee the application of the laws in the sector, both in Peru and in the Latam region.

Monday 14 Jul 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