Still No Licensed iGaming for Pennsylvania
It has been several months since Pennsylvania officially legalised online gambling back in October 2017. However, since then, the state has made very little progress towards actually making its iGaming industry a reality.
So far, the state has issued an iGaming license to Philly Live! Casino, and many other moves have been proposed by lawmakers – but this is the current extent of the state’s efforts to establish its online gaming market. If the state truly wishes to generate reasonable income from iGaming and reduce its budget deficit, experts are predicting that it will need to take action sooner rather than later.
Experts Push State To Act Soon
July 1 will mark the start of Pennsylvania’s 2018-2019 fiscal year, meaning that if the state wishes to start earning significant funds from online and mobile casinos, including smartphone casinos, it needs to start regulating them and licensing more local operators. The most important step is to begin to accept license applications from online gambling firms, and considering that each operator will pay upwards of $10 million per annum in licensing fees, the state could enjoy some serious earnings simply by accepting applications.
With that said, these decisions all ultimately lie with the PA Gaming Control Board, which meets every month to discuss relevant matters in the iGaming space. If the board has indeed made any progress thus far, it has not yet been revealed to the public.
While the state has not yet taken any solid steps towards legalising online gambling, the local Pennsylvania Lottery has plans to launch its online lottery ticket sales within the next few months. By selling licensed lottery tickets online, Pennsylvania hopes to correct the recent 3% drop that it saw in lotto sales last year.
Land-Based Casino Revenues Soar
While things are still uncertain on the iGaming front, however, the land-based casino market in Pennsylvania is thriving. According to experts, this should come as even more encouragement for the PGCB to start allowing online gambling, as it shows that there is indeed a clear demand for regulated gambling activities in the US state.
Over the course of 2017, Pennsylvanian land-based casinos managed to generate a whopping $3.2 billion in revenues, breaking its previous all-time record posted in 2016. With traditional land-based casino games drawing more players than ever, it seems an ideal time to introduce the concept of online casino gaming to the eager Pennsylvanian public.