Pennsylvania is well-known for having one of the largest and most successful gambling industries in the United States. New reports have just surfaced showing how much money the gambling operators have been bringing in lately. Online gambling in Pennsylvania seems to be generating the most revenue right now.
Pennsylvania allows a variety of online gambling options. Today, we’ll talk about exactly how much money the state’s gambling industry has been bringing in lately.
Let’s get into it!
Online Gambling in Pennsylvania is Bringing in Major Revenue
The entire US gambling industry has grown tremendously over the past decade. Pennsylvania has quickly turned into one of the most successful gambling hubs in the country. Nearly all forms of traditional gambling are legal and regulated here.
A large number of casinos are currently operating in this state. Throughout 2021, these gambling properties have been generating major revenue earnings. That includes this past October, when the state’s casinos set a new all-time revenue record with $425.9 million in GGR.
All of the regulated gambling options here help to bring in a huge amount of revenue. Some are more successful than others. New reports show that the state’s online gambling platforms are the main revenue generators right now.
Pennsylvania’s gambling industry brought in $432.5 million in total gross gaming revenue in November. The vast majority of this revenue is coming in from online gambling in Pennsylvania. Roger Gros, a prominent gambling analyst, spoke about this situation to the media this week.
“I don’t think it’s really bad news for casinos because it really does diversify the revenue that they get,” Gros said. “If, God forbid, there’s another pandemic lockdown, they’ll still have revenue coming in through the online side. I don’t think it’s [Omicron variant] impacting anybody so far. People are just tired of it, and who knows what this omicron thing is doing when it comes to how severe it is.”
Online gambling is growing more popular around the entire country. Let’s take a quick look at where mobile gambling options are set to become available in 2022.
More States Look to Launch Online Gambling Industries
Pennsylvania is not alone in seeing huge revenue earnings from its online gambling industry. Across the country, mobile gambling platforms are proving to be more successful than their land-based counterparts. This is leading many states around the country to launch new online gaming options in an attempt to generate more tax revenue.
Several states seem prepared to launch online gambling options in 2022. That includes several states with large land-based gambling industries set in place. These states recognize how much money can be earned from this industry.
New York seems prepared to launch its first online sportsbooks in 2022. Lawmakers here approved a measure to allow online sports betting earlier this year. Several companies have already been awarded licenses to launch mobile sportsbooks in the state.
Massachusetts may also be on the brink of allowing online sports betting. Lawmakers here came very close to legalizing sports betting in 2021, yet no bills managed to get approved in the Senate. 2022 seems like the year this happens and online sportsbooks are expected to go live here quickly.
Nevada has prohibited online casino gambling for many years. Several major casino executives are now pushing for things to change, arguing that legal online casinos will help to bring the state a huge amount of revenue. We’ll be sure to report on the launch of online sports betting in various states as the months go on.
Gaming Analysts Predict Another Record-Breaking Year in 2022
2021 was one of the best years in history for the US gambling industry. A huge number of states launched their first sportsbooks this year. Many of the biggest casino companies also experienced record-breaking revenue figures on several occasions.
Most gaming analysts predict another record-breaking year in 2022. Many states are looking to expand their gaming industries over the next 12 months. That includes several of the ones listed above set to launch online gambling options.
Many major new casinos are opening around the country, too. Station Casinos has already revealed plans to open several new casinos in Las Vegas. A number of new entertainment venues in Sin City, including the MSG Sphere, will likely also help to generate revenue.
Illinois is also looking to significantly expand its gambling industry in 2022. Many are hopeful to see construction on the proposed Chicago casino begin here next year. Five other casinos are expected to open their doors in this state over the next few years.
Are you surprised to hear how successful online gambling in Pennsylvania is right now? Will 2022 be an even better year for the US gambling industry? Let us know in the comments section below!