Industry News

Pennsylvania’s gambling market continues to flourish as the figures from January 2023 increased 18 percent over the first month of 2022.

Although Philadelphia Eagles fans may hurt after their team’s loss to the Kansas City Chiefs on Sunday, the state’s sportsbooks are celebrating by taking home close to $30 million in total revenue in Super Bowl 57 betting.

The ruling ended a case between Pace-O-Matic and the Attorney General of Monroe County District Attorney, E. David Christine Jr., that began in October 2021 with the seizure of 13 skill gaming machines and over $36,000 for two local gas stations.

The NFL’s two Pennsylvania teams, Philadelphia and Pittsburgh, find themselves at opposite ends of the odds board with the Eagles listed among the top teams in the NFC, while the Steelers are considered longshots to make an appearance in the NFL’s final game of the season.

The sportsbooks changed course as the spread swung into Philadelphia’s favor, eventually settling on the Eagles over the Chiefs by 1.5 points in Super Bowl LVII.

Sports betting experts suggest this year’s Super Bowl could top over $80 million in total handle due to the Eagles’ appearance in the big game.

Parx Casino's expansion in the Pennsylvania gaming market took a significant step forward as the company announced the opening of a new casino and the approval to build a new hotel at their Bensalem location.

By signing a letter of intent, Fanatics has entered negotiations with Greenwood Gaming & Entertainment, the parent company of Parx Casino, to purchase their BetParx online sportsbook app.

With Hurts under center, the Eagles have been virtually unbeatable in 2022, posting a 14-1 record this season. As home favorites, Philadelphia has covered the spread in seven of ten contests.

The state's casino gaming revenue sheet offered various money makers, with slot machines leading the pack by generating a whopping $2.4 billion in revenue, an increase of 4.5% compared to 2021.