Tag: Pennsylvania online gambling
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…
NetEnt Enters Pennsylvania Online Gambling Market
NetEnt enters the Pennsylvania online gambling market by signing casino giant Penn as its first partner in the state. The games developer’s share price was up almost 15% this morning after it reported a 10% rise in revenue to SEK 449m (€43m/$49m) and 11% increase in operating profit to around $19m for the three months to the end of September. During the quarter – the first full period since Therese Hillman became CEO on a permanent basis – Stockholm-listed NetEnt benefitted from the release of its new game based on hit film Jumanji, launched with British Columbia Lottery Corporation in…
Where the Hell is Pennsylvania Online Gambling?
It’s been nearly a year since Pennsylvania online gambling was legalized, and there are still no online casinos operating! Only three Internet gaming applications have been approved so far… so where the hell is the action? Meanwhile, the state was busy approving sports betting legislation, but there is no way it will be ready for football season. This week’s special offer comes from the Wicked Bet Casino.
Pennsylvania Online Gambling: Nine Applications Filed
Pennsylvania Online Gambling is finally showing some life! Nine Pennsylvania casino owners applied for licenses to operate casino-style gambling online. You could soon play slot machines, poker and casino style games right from your computer or smart phone. The nine casino operators, including Hollywood Casino here in the Susquehanna Valley, paid $10 million each for the online license. The Pennsylvania gaming control board said the applications came in ahead of Monday’s deadline. Last year, Pennsylvania became the fourth state to legalize online gambling, joining Nevada, New Jersey and Delaware. More at WGAL
Still No Pennsylvania Online Gambling Applications
The magic number is still zero for Pennsylvania online gambling. Two months after the Gaming Board began to accept interactive gaming applications, they have yet to receive a single application. This is particularly concerning, yet not surprising given some of the policies that the state has implemented regarding this issue. Some of those policies include a 54 percent tax rate on online slot revenue. Slots are a big chunk of Pennsylvania online gambling revenue. Thus, slots have a direct correlation with the online gambling industry. One can see why there would be concern over a tax rate of a major…
Could Pennsylvania Online Gambling End Talk of Federal Ban?
Remember those longshot but nevertheless pesky Sheldon Adelson-funded attempts at banning online casino gaming nationwide? Pennsylvania Gov. Tom Wolf on Monday signed a bill that will establish a regulatory framework for the state’s 12 casinos to be able to offer their games over the internet. The Keystone State will be the fourth in the nation with internet casino games, while about 10 others have online lottery services. Pennsylvania will also have the i-lotto. It’s been estimated that web betting could grow the state’s $3.2 billion-a-year gambling market by around 10 percent. The state casino revenue has been flat since 2012….