Sports Betting Legalized
Having recently secured the approval of the US Supreme Court, Pennsylvania sports betting is now legal in the state. The legalized sports betting market in Pennsylvania has quickly grown to become one of the top markets for legal sports betting in the United States. As the market continues to expand, sports bettors have a variety of options for wagering. These options include online and mobile betting, racetracks, satellite locations, and casinos. The Pennsylvania Gaming Control Board oversees the sports betting industry in Pennsylvania. The sports betting industry has created a number of jobs and increased tax revenues for the state.
Sports wagering was included in the comprehensive gambling expansion package that was signed by Governor Tom Wolf. The package also included online poker, online casino games, mini-casinos, and tablet gaming. Sports betting revenue is taxed at a rate of 36 percent. The tax rate is higher than other states. In the first year of Pennsylvania sports betting, tax revenue was $40 million. However, this tax rate has not discouraged betting in the state. In fact, sports betting revenue in Pennsylvania increased by 28% in May, and continues to grow.
The first legal Pennsylvania sports betting website, SugarHouse, launched in May. SugarHouse offers a variety of sports and is a comprehensive sports betting platform. Its website offers an easy first deposit bonus, competitive pricing in most major markets, and an industry-leading rewards program.
Pennsylvania Sports Betting Legalized
Another legal sports betting website, BetRivers, was one of the first sportsbooks to open in the state. The site is operated by Chicago-based Rush Street Interactive. The site offers a comprehensive sports betting experience and is available for Android and iPhone devices. BetRivers also offers a rewards program that allows players to earn tiers and climb the ranks. BetRivers shares a custom-built platform with Play SugarHouse Sports.
The site has been one of the most popular betting sites in Pennsylvania since it opened. BetRivers has grown its sports betting market by leveraging the power of sports media to create brand awareness. BetRivers also has partnerships with several sports teams and casinos.
FanDuel also has a presence in Pennsylvania. FanDuel offers a mobile-friendly platform that allows for a fluid betting experience on desktop and mobile. FanDuel also has partnerships with GAN and IGT to offer more betting options to bettors. FanDuel also offers one of the biggest welcome bonuses in Pennsylvania.
Pennsylvania is home to several major pro sports teams. These teams have fans from around the country. In addition to these teams, the state also boasts several collegiate championships. Many fans in the state root for the University of Pittsburgh and Penn State.
Sports betting in Pennsylvania was legalized in January of 2017. Penn State was the first school in the state to launch a sports book, and Penn National was the first casino to obtain a sports betting license. A dozen other retail sportsbooks followed. The first $100 million in PA sports betting handle was recorded in August.