On the heels of last year’s boom, Pennsylvania gaming industry looks to get bigger in 2022

On the heels of last year’s boom, Pennsylvania gaming industry looks to get bigger in 2022

Article brief provided by Penn Bets
  • Gary Rotstein, Penn Bets
January 4, 2022 11:11 PM
  • Gary Rotstein, Penn Bets

    The new year arrives for Pennsylvania’s gaming industry with expansion in the works to build upon a 2021 foundation that represented the most successful year by far for operators and the state’s treasury.

    There are more mini-casinos, more online sportsbooks, and more iCasinos coming, though it’s not clear exactly when. But when they do, they can be expected to make this next year one that surpasses the more than $4.7 billion totaled from all commercial gambling enterprises in 2021, when gaming revenue was already $1.3 billion higher than any prior year.

    From that $4.7 billion, some $1.9 billion would have been directed to state and local governments – more than legalized gambling delivers in any other state. A potential $5 billion year in 2022 would further boost tax revenue, as about 41% of the operators’ gaming win, on average, is siphoned to governments.