Pennsylvania’s iGaming Revenue Reaches $170 Million for the Third Time

Pennsylvania’s online gambling industry has been on a roll lately, with the state’s iGaming revenue reaching $170 million for the third time in a row. This is a significant milestone for the Keystone State, as it continues to establish itself as one of the top online gambling markets in the United States.

The latest figures released by the Pennsylvania Gaming Control Board (PGCB) show that the state’s online casinos generated $171.4 million in revenue in May 2021. This represents a 28.6% increase from May 2020, when the state’s iGaming revenue was $133.2 million.

The PGCB also reported that online slots were the most popular form of online gambling in Pennsylvania, accounting for $123.7 million of the state’s iGaming revenue in May. Online table games generated $44.9 million, while online poker brought in $2.8 million.

The growth of Pennsylvania’s online gambling industry can be attributed to several factors. One of the main drivers is the COVID-19 pandemic, which forced many brick-and-mortar casinos to close their doors for extended periods. As a result, more people turned to online gambling as a way to satisfy their gaming needs.

Another factor is the increasing popularity of mobile devices and the convenience they offer. With more people using smartphones and tablets, online casinos have become more accessible than ever before. This has made it easier for players to log on and play their favorite games from anywhere, at any time.

In addition, Pennsylvania has been proactive in legalizing and regulating online gambling. The state was one of the first to legalize online gambling in 2017, and since then, it has continued to expand its offerings. Today, there are more than a dozen licensed online casinos operating in Pennsylvania, each offering a wide range of games and promotions.

The success of Pennsylvania’s online gambling industry has not gone unnoticed by other states. Several states, including Michigan, Virginia, and West Virginia, have recently legalized online gambling or are in the process of doing so. As more states enter the market, competition will increase, but Pennsylvania is well-positioned to maintain its leadership position.

Overall, Pennsylvania’s iGaming revenue reaching $170 million for the third time is a testament to the state’s commitment to legalizing and regulating online gambling. With continued growth expected in the coming years, Pennsylvania’s online gambling industry is poised to become one of the most lucrative in the United States.