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Revenue Archives - PennsylvaniaCasinos.com News : PennsylvaniaCasinos.com News

Revenue

Presque Isle Downs & Casino to Face License Renewal Review

On September 25, 2024, the Pennsylvania Gaming Control Board (PGCB) will hold a pivotal public hearing to evaluate Presque Isle Downs & Casino’s request to extend its Category 1 Slot Machine Operator License. Keeping up the high standards anticipated in Pennsylvania’s gaming industry is essential, and this review process is more than simply a periodic […]

Bet365 Expands U.S. Presence with Full Pennsylvania Gaming Approval

Bet365, the world-renowned gaming company, achieved a major milestone with the formal authorization it received from the Pennsylvania Gaming Control Board to provide online sports betting and iGaming in Pennsylvania. This license solidifies Bet365’s position in the competitive online gambling industry by broadening its U.S. footprint to eleven states. Bet365 successfully started its soft launch […]

Bragg Gaming Group Expands Market Reach with BetMGM Content Launch in Pennsylvania

Bragg Gaming Group Inc. (BRAG) is making headlines again, this time by extending its successful partnership with BetMGM into the Pennsylvania market. This move further solidifies Bragg’s position as a key player in the iGaming sector and represents a clever way to strengthen the company’s presence in North America. Leveraging the cutting-edge FuzeTM promotional features, […]

Pennsylvania Welcomes 4ThePlayer As Its Latest iGaming Provider

Fast-rising iGaming provider 4ThePlayer has recently received formal approval from the Pennsylvania Gaming Control Board (PGCB) to join the state’s rapidly expanding online casino sector. This important milestone enables 4ThePlayer to provide its captivating and inventive games to gamblers in Pennsylvania, contributing to its further expansion inside the US. Along with Connecticut, Michigan, and New […]

Pennsylvania State Gaming Board Targets Child Safety in Casinos with New Campaign

A new crackdown on child neglect and underage gambling has been unveiled by the Pennsylvania Gaming Control Board (PGCB), with an emphasis on making sure all gaming venues in the state are safe and following all regulations. To support these enforcement efforts, the PGCB has launched the “Don’t Gamble with Kids” public awareness campaign. Needless […]

Online Gambling and Credit Card Debt Amid Pennsylvania’s Growth Streak

Pennsylvania State Senator Wayne Fontana (D-Allegheny) is advocating for stricter regulations on online gambling payment options, citing concerns about rising credit card debt among players. Now that online gaming and sports betting have joined Pennsylvania’s traditional brick-and-mortar casinos as part of the state’s gaming expansion, Fontana is spearheading a legislative effort to revise the regulations […]

Pennsylvania Shatters Records with $5.7 Billion in 2023 Gambling Revenue

The Pennsylvania Gaming Control Board announced a record-breaking $5.7 billion in revenue for the state of Pennsylvania in 2023, marking an important milestone for the gaming sector in the Keystone State. The astounding figure represents a substantial increase of 9.3 percent from the prior year and is complemented by a record-breaking tax income of 2.34 […]

Pennsylvania’s Unexpected November Revenue Trends

Data from the Pennsylvania Gaming Control Board shows that in December 2023, the state’s gaming income took a surprising nosedive, mostly due to decreased sports betting operations. Despite a general upward trend in gaming income over the preceding several months and even years, the sector suffered its first year-over-year loss since February 2021 in November, […]

PA Sports Betting Posts Record-Breaking Performance in October

October saw a staggering increase in Pennsylvania’s sports betting handle, reaching an amazing $829.0 million. This mind-boggling sum was a notable 4.0% rise from the prior peak of $797.1 million, boosting the industry to an all-time high. A substantial 18.8% year-on-year gain in sports betting income, reaching $48.2 million, was propelled by the recent spike […]

Pennsylvania Gaming Industry Reaches New Revenue Milestone

During the fiscal year 2022-2023, the gaming sector in Pennsylvania was on a phenomenal growth trajectory, setting multiple new revenue records. These milestones are reflective of the growing gambling market in the state. The PGCB reported record-breaking gaming revenue of $5.51 billion for the fiscal year. This figure represents a considerable rise of 10.0% above […]