It’s been one year since Econsult Solutions presented its gambling study to Pennslyvania’s Legislative Budget and Finance Committee.
That study concluded that the PA market for regulated online gambling (casino and poker) was worth some $184 million in first year revenue, and $307 million in ongoing revenues.
Since, two of Pennsylvania’s neighbors – New Jersey and Delaware – have wrapped up their first year in the industry, and are deep enough into their second that meaningful year-over-year comparisons can be drawn.
What follows are updated revenue projections for Pennsylvania’s iGaming market, utilizing data from Econsult and other reputable sources, and taking into account existing US regulated market performance.
All projections set forth in this piece are based on the assumption that the bill that ultimately legalizes and regulates online gambling in Pennsylvania will closely resemble State Representative John Payne‘s HB 649.
Payne, who also acts as the Chairman of the House Gaming Oversight Committee, is arguably the strongest champion of online gaming in Pennsylvania.
Pennsylvania Online Gambling a Coin Flip Next week, Pennsylvania lawmakers in the House Gaming Oversight Committee will take another look at regulated online gaming for the Keystone State. The hearing would add to the growing list of meetings on the proposal. The bill has been discussed more than 50 separate times since the […]
Online Gambling In Doubt as Pennsylvania Deadline Looms An online gambling bill in Pennsylvania remains in limbo as a deadline for the state budget looms and an impasse between Gov. Tom Wolf and Republicans in the legislature is unresolved.
Since a Senate hearing in the Community, Economic, and Recreational Development Committee held […]
Online Poker’s Big Step Forward in New York New York State Senator John Bonacic (R-42) has introduced a bill that would bring regulated online poker to the Empire State.
Full text of the bill (S 5302) is available here. You can track the bill’s progress here.
This marks the second consecutive year that Bonacic has introduced […]