Tag: Pennsylvania iGaming
Pennsylvania iGaming Helps Generate $400 Million
Pennsylvania iGaming has helped generate $400 million for the state. The gambling expansion package passed by the legislature in 2017 paved the way for online lottery sales, daily fantasy sports, iGaming and sports betting which have now yielded more than $1 million per day in revenue. The analysis of the market by the US gambling news portal PlayUSA has calculated the figure using official statistics for license application fees, and estimates based on online lottery, keno and virtual sports sales. The state has collected an estimated $23 million from online lottery games, which went live in June 2018. This comprises…
Another Year, Another Pennsylvania iGaming Screw Up
The opportunity for Pennsylvania iGaming has passed. The Pennsylvania legislature has done nothing. After a week of positive news surrounding the backroom negotiations between leadership in the House and Senate, it appeared a light had finally appeared at the end of the state’s budget tunnel. After months of negotiations, Pennsylvania’s budget was coming into focus, with the passage of the long-awaited funding bill expected at any moment. And then on Wednesday, the wheels came off. On a day when a vote on a budget package was anticipated, the House floor descended into chaos, and the legislature adjourned until October 16….
Pennsylvania iGaming Hangs in the Balance for 2017
Pennsylvania iGaming has been rejected by the State Senate as part of a House-approved plan to fund the budget this week. For anyone thinking that’s a bad omen for the prospects of Pennsylvania online poker and gambling, think again. Even as the Senate was rejecting a budget plan by a wide margin, negotiations continue behind the scenes. Observers believe that there is a sweet spot between the Republican plan and one backed by the Senate and Gov. Tom Wolf. That would mean splitting the difference between one-time and recurring revenue that the two sides favor. A compromise certainly makes sense,…