In a recent report by Legal US Poker Sites, Pennsylvania has emerged as the second biggest state for gambling in the United States, following closely behind Nevada. The report highlights the state’s rapid growth in the gambling industry, thanks in part to the legalization of online gambling in 2017.
According to the report, Pennsylvania’s gambling market has experienced explosive growth in recent years, with total revenue reaching $3.4 billion in 2020. This figure includes revenue from traditional brick-and-mortar casinos, as well as online gambling platforms.
One of the key factors driving Pennsylvania’s success in the gambling industry is the legalization of online gambling. In 2017, the state passed a bill allowing for online casinos and poker sites to operate within its borders. This move has proven to be highly lucrative, with online gambling revenue reaching $1 billion in 2020 alone.
The report also points to Pennsylvania’s diverse gambling offerings as a key driver of its success. The state is home to a wide range of casinos, offering everything from traditional slot machines to high-stakes poker rooms. In addition, Pennsylvania has also embraced sports betting, with several sportsbooks operating within the state.
In terms of revenue, Pennsylvania generated $2.7 billion from traditional casinos in 2020, making it the second largest gambling market in the country. This figure was bolstered by a record-breaking year for online gambling, which accounted for $600 million in revenue.
Despite its success, Pennsylvania’s gambling market faces challenges ahead. The report notes that competition is fierce, with neighboring states such as New Jersey and Delaware also vying for a share of the market. In addition, the state continues to face regulatory hurdles, with ongoing debates over issues such as tax rates and licensing requirements.
Overall, Pennsylvania’s emergence as the second biggest state for gambling in the US is a testament to the state’s commitment to embracing the industry. With online gambling continuing to grow and new opportunities on the horizon, Pennsylvania is well positioned to solidify its position as a gambling powerhouse in the years to come.
