It has been about 4 months since the Pennsylvania Gaming Control Board finally approved the launch of a sportsbook in the state and so far, everything has been going great. We cannot dismiss some of the issues that have been setbacks to the progress of the industry – including the revenue drops reported in February […]
February may have included a number of high-profile sporting events including the Super Bowl but none of them seemed to be enough to sustain a revenue bump in the Keystone State. The state’s nascent sports betting market recorded drops on handle and revenue despite the fact that there was a total of 6 operation sportsbooks […]
Sports betting in Keystone State has been moving forward at a rather steady pace despite the fact that the extremely high licensing fees and exorbitant tax rates threatening to slow the pace. This week, it has been announced that a fourth casino has ventured into the state’s sports betting market – this will be at […]
When PASPA was finally defeated in May, 2018 nobody hurried to speculate that casinos would be the place where most sports betting would take place anyway. Pennsylvania’s own casinos hadn’t submitted a sports betting license by June. Then some wondered – where else if not casinos? Sure, there were the race tracks, but would that […]
Trying to pinpoint consumer habits is crucial to forecasting profits in the sports betting industry. As it turns out, knowing the demographics is just as important in determining how many potential customers you might have were you a sports betting business. It’s been long known that fans are far more likely to watch games if […]
Renowned fantasy sports company, DraftKings is set to bring its online and mobile sports betting as well as casino gaming offerings to more states in the United States following a recent multi-year and multi-state partnership agreement with casino operator Caesars Entertainment. This means that the fantasy sports operator will now be able to offer its […]
Its been close to two months since the sports betting industry in the Keystone State was launched and since then it has seen a plethora of positive developments. The number of bookmakers continues to grow and the revenue from operational sports betting operations has been quite impressive so far. For instance, in January, the number […]
On Monday, February 4, the Pennsylvania Gaming Control Board posted on its website the January monthly report for the total revenue accrued from slot machines at the state’s licensed casino operators. Fortunately, the slot machines have continued to show year over year growth and the last month was no exception as we got to see […]
Pennsylvania’s Mohegan Sun Pocono casino and the Malta-based Kindred Group have recently entered into a new “strategic partnership” that will see them venture into the Keystone States gambling expansion opportunities. The five-year deal which can be extended for an additional two five-year terms marks Kindred Group’s– formerly known as Unibet Group – plans to establish […]
On Monday, January 14, the United States Department of Justice’s Office of Legal Counsel issued a new legal opinion on the Wire Act of 1961. This new opinion stated that the Wire Act applied not only to sports betting but also all other forms of interstate online gambling – this effectively reversed a 2011 Office […]