The Success Of The iGaming Industry In Pennsylvania

The Success Of The iGaming Industry In Pennsylvania

The online gambling industry has exploded in Pennsylvania since it was first legalized in 2017. Last year alone, the state’s iGaming market generated over $1.5 billion in revenue. And it looks like 2023 will mark yet another incredible year for iGaming in the state, all thanks to the launch of several new online casinos.

So, if you’re in Pennsylvania and enjoy placing a wager or two, you’re in luck. The state has a thriving iGaming industry that offers a wide variety of games and betting options. With so many new online casinos launching in 2023, there is sure to be something for everyone.

The New Online Casinos In Town

One of the biggest arrivals in Keystone State is Bally Casino, which just launched in June 2023. As an already popular brand within the gambling industry, this online casino is pretty much guaranteed to be a huge hit with players in Pennsylvania. Among the casino’s games are slots, table games, bingo, and live dealer games. It also has a rather generous welcome bonus for new bettors when they sign up to play, on top of regular reload bonuses.

Many players prefer new sites as they often have a wider selection of games, competitive bonuses to ensure they stand out from the competition, and they also generally accept more payment options than casinos that were established longer ago. With that said, the iGaming industry is still relatively new in Pennsylvania, so you won’t find any casinos that were established longer ago than 2017, apart from those that were based elsewhere first before opening their doors to PA residents.

The Rising Success Of Online Gambling In PA

The success of the iGaming industry in Pennsylvania is due to a number of factors. The brand new PA online casinos this year certainly haven’t done anything to dampen the success and popularity of the betting in the state, but what else has led to the triumph of the casino scene in Pennsylvania?

For one thing, the state has a pretty decent population of gambling enthusiasts, with suggestions that as many as 10% of adults living in Pennsylvania have gambled online (at least once) within the last year. And that percentage is only expected to increase. In fact, the number of online casino players in Pennsylvania is believed to rise by over 50% in the next two years alone.

Secondly, the state now has a favorable regulatory environment for iGaming. The Pennsylvania Gaming Control Board has been extremely proactive in regulating the industry, and it has created a set of rules that are both fair to players and operators. As well as this, the state of Pennsylvania has a number of land-based casinos that are already established and popular with players. These casinos provide a great source of new customers for the state’s online casino market.

The state also has convenient online gambling laws, which help to bolster the popularity surrounding the online gambling scene. Unlike many other states where there is a lot of ambiguity surrounding the legalities of online gambling, Pennsylvania’s stance is straightforward to comprehend. This has only helped to earmark the state as a booming hub for gambling, both in-house and from the comfort of home.

Yet another reason for the rise in iGaming is the competitive nature of the gambling industry. All of the well-established online casinos operating in Pennsylvania have to compete for players, which is great news for those gamblers looking for a great deal and more bang for their buck. This has led to a host of exciting, innovative and attractive bonus offers, which has helped significantly in drawing in new players to the scene.

Present State Legislations

At present, the state’s regulations stipulate that individuals must be at least 21 years old, i.e. legally an adult to engage in any form of gambling, whether it be in a traditional setting such as in-house or behind a computer screen. What’s more, the state enforces taxes on gambling proceeds, with a substantial 54% tax rate specifically applied to online gambling activities. Geolocation technology is used to ensure compliance with local laws by all online gambling providers, as well as partnerships with bricks-and-mortar casinos within the state.

The Future Of Gambling In Pennsylvania

The future of iGaming in Pennsylvania is looking very bright, and the introduction of several new online casinos appears to be just the beginning. In the coming years, the state is expected to increase its market, with the growth being driven by a number of key factors, including the sheer popularity and demand for more and more online casinos in the region.

Online gambling, at least in PA, it seems, is very much here to stay.

Author: Alan Morris