Report says up to 10 more online casinos are coming to PA
The Pennsylvania Gaming Control Board releases a report at the end of each fiscal year summarizing the activities of the state’s gaming industry, but it has rarely teased prospects for future expansion like it did with its latest report.
“During the 2022/23 financial year, two additional sports betting outlets as well as several online sports betting sites are expected to be launched. In addition, PGCB staff will be working on the launch of up to ten sites online sites to offer casino-type games,” the report notes in its “Looking Ahead” section.
Most of what was contained in the annual summary released last week has already been reported, including information on the more than $5 billion in record revenue and more than $2 billion in tax revenue that commercial games from all types generated from July 2021 to June 2022.
As most gaming operators tend to keep details of their future plans handy, it can sometimes be difficult to get a glimpse of what’s to come in the state that could boost those numbers even further. The report’s forecast depicts perhaps more potential growth than previously anticipated in a gambling industry that has already grown significantly since the enactment of 2017 legislation to allow online casinos, sports betting, mini-casinos, VGT roadhouses and fantastic sports competitions.
Six potential new iCasinos identified
The note regarding “up to ten additional online sites to offer casino-like games” was particularly striking. The 19 already in existence last fiscal year offering online slots, table games and in some cases iPoker combined for $1.23 billion in revenue, up 37% year-on-year former.
The report did not name potential entrants to the Pennsylvania iCasino domain, but in response to a request from penn paris, the gaming commission’s communications office reported that WynnBET, Bally’s Interactive, Fubo, Playstar, Golden Nugget and Fanatics are all in the licensing review phase. Additionally, several other online gambling operators are expected to apply for licenses in the coming months, spokesman Doug Harbach said.
Harbach said there was no fixed timeline available on when those licenses costing $1 million each would be approved and new sites could start operating. Each of these operators should partner with a land-based Pennsylvania operator that has its own interactive gaming license.
Under the state system, a casino operator can have many partners that it licenses for its own online games, with some sort of revenue-sharing arrangement made. The existing setup includes the following casino operators and iCasino sites available through their licenses:
Hollywood Casino at Penn National: Hollywood Casino, DraftKings, BetMGM, PointsBet, Barstool
Rivers Casino Philadelphia: PlaySugarHouse, BetRivers, Borgata
Valley Forge Casino Resort: FanDuel, Stardust
Live! Philadelphia: PlayLive!, Betway
Harrah’s Philadelphia: Caesars, WSOP
Mont Airy Casino Resort: PokerStars
Mohegan Sun Pocono: Unibet
Almost Isle Downs: TwinSpires
Wind Creek Bethlehem: Wind Creek
To a lesser extent, more sports betting
While the expansion of sports betting is also coming, provisions of state law limit the extent of growth. Every land-based casino can get a sports betting license – and all but little Lady Luck Nemacolin have – but each is limited to just one digital sports betting site.
It is possible that in the coming year, Fubo will launch online sports betting through an announced partnership with Cordish Gaming Group to use its Live! Pittsburgh license.
Two future state mini-casinos may also have online sports betting operations. Parx, which previously announced that it would open its satellite mini-casino in Shippensburg at the end of 2022, is now likely to open this site in January 2023. It will have a retail sports betting site and could take a another company as a mobile partner.
Licensing hearings are pending for a possible fifth mini-casino in the State College area, in which Bally’s Corp. joins forces with private investor Ira Lubert. If he gets the approval, he will activate an online Bally Bet site as well as retail sports betting.
Additionally, while Churchill Downs Inc. continues to operate its online sports betting site TwinSpires for the time being as well as iCasino gaming through Almost Isle Downs, CDI has indicated its intention to exit the sports betting business. Once that happens, he could arrange with another sportsbook operator not yet available in Pennsylvania to use the Almost Isle online sportsbook license.