The gambling revenue in Pennsylvania has hit never-before-seen-heights at $515.2m, a year-on-year increase of 11.35% since the same time last year. The figures are coming in from none other than the Gaming control board.
For the first time since the legalization of gambling in 2006, the state managed to exceed the half-a-billion mark in revenue. There is a steady increase in legal online gambling in PA statistics on the best PA online gambling sites.
Before we give you the financial breakdown for the month, it’s important to give it some context, so we’ll be sharing a general overview of the local online gambling scene, legalities included.
An Overview of Online Gambling in PA
Pennsylvania is generally known as quite a liberal gambling environment, right behind Nevada. Due to favorable local legislation that provides the much-needed legal framework for gambling sites to operate, we saw a boom in PA online casinos in 2019.
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The Financial Breakdown of Online Gambling in PA
Accumulating a revenue of $80.9m, Hollywood Casino at Penn National became the clear market leader, with Valley Forge Casino Resort coming up second with $68.5m.
Per vertical, retail slots took up a significant part of the revenue pie at $225.4m, with Parx Casino leading the race at $35.1m. Table gaming brought in $85.8m across the state, with Wind Creek Bethlehem reaching $19.9m.
At $3.8m, video gaming terminals accounted for a slightly smaller chunk of revenue than recorded in March 2022 (1.87% lower than last year). Fantasy sports saw a minimal increase to $1.3m (0.53% higher than in 2022).
In January, we saw an impressive 18.2% year-on-year increase in gambling revenue in the Keystone State, and March’s financial results are very much in line with the ongoing trend. Remember that the state saw massive revenue leaps in the 2021-22 period, with all forms of gambling rising from $4.7bn to $5.2bn year-on-year.
Online Casinos in Pennsylvania
According to the Pennsylvania Gaming Board, legal online gambling in PA brought in $181.5m in March and managed to surpass its previous peak of $166.9m. PA online casinos were on fire this year and show no signs of slowing down.
PA online casino site Hollywood Casino partnered with BetMGM Casino PA and Draftkings Casino PA and retains a steadily dominant role in the market. Their biggest competitor is Rivers Philadelphia, which holds licenses to BetRivers PA online casinos, Borgata and SugarHouse.
The success of the best PA online gambling sites has far outperformed many people’s expectations, and three more casinos are set to be built to add to the growing list of earning facilities in 2023.
Cybersecurity in PA Online Casinos
Since online casinos in Pennsylvania are becoming increasingly prevalent in the casino gaming scene, let’s look at cybersecurity, one of the key aspects of every business owner’s operations.
First, checking for SSL encryption when choosing your PA online casino site is most important. SSL-encrypted casinos will ensure the user has the safest possible online gaming experience, ensuring it won’t be so easy to intercept their data.
Another recommendation is to have a strong password, as bots always try to hack websites and accounts. A password with symbols and upper and lowercase letters will provide maximum security, making it harder to break through.
The last recommendation is not to use public Wi-Fi when dealing with online transactions. However, Philadelphia has plenty of coffee shops where people generally like to get their work done. Public Wi-Fi connections expose the user to vulnerabilities and certain risks, especially if you’re inputting sensitive personal data. Knowledgeable hackers can easily steal private information as these connections do not implement advanced security measures like private networks.
Gambling and online casinos in Pennsylvania are growing yearly and show no signs of stagnation. We have seen the state break records repeatedly as it embraces its role within the casino gaming ecosystem as one of the most prolific states in the field, second only to Nevada, the famous gambling mecca and the home of Las Vegas.
We are crossing our fingers until the next financial reports arrive, hoping to see another record-breaking sum in the industry. As online gambling in PA continues to rise up independently and establish itself as a legitimate alternative to land-based casino gaming, Pennsylvania certainly has a bright future to look forward to.
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