It’s been more than a year since the governor signed a gambling expansion bill into law allowing people to bet online, as well as in airports and truck stops. And so far, the gamble is paying off in Pennsylvania.
The gambling expansion bill was signed last October as a way to improve the state’s finances.
PA Budget Secretary Randy Albright says, “I’m happy to say, from our perspective, in the end, we were able to do that in a responsible way.”
And, it looks to be paying out big time. The industry-tracking website playpennsylvania.com saying the expansion has brought in more than $385 million, a number Gaming Control Board officials can’t confirm. Through, they do say they estimate the number being around the $300 million mark.
The State Budget Office projects gaming expansion will bring in $318 million in the 2018-2019 fiscal year.
Albright says, “The largest component of this is the gaming licenses issued for expansions for iGaming, as well as sports wagering.”
Companies have spent more than $120 million in state-run auctions for the rights to buy mini-casinos.
On Thursday, casinos in Pittsburgh and Philadelphia began test periods for sports betting, joining ‘Hollywood Casino at Penn National’ in Dauphin County, which opened its sports book last month.
Executive Director of the PA Gaming Control Board Kevin O’Toole says, “It’s an opportunity to attract new gamblers, to some; extend young gamblers.”
And, Albright says the state is on-pace to reach that $318 million mark this fiscal year.