Sports Betting News in America – Pennsylvania is now the fourth state to offer online betting, behind Nevada, New Jersey, and West Virginia, which launched online betting only to later shut it down.
The silence and anticipation is over and the Pennsylvania sports betting market is about to change forever with the launch of online sports betting, which is forecast to inject millions into the state’s sportsbooks. The race to be the first online sportsbook to launch ended Tuesday May 29 with the Kambi operated SugarHouse Casino’s entry into the market. Play SugarHouse has been incredibly successful in the New Jersey Market and one of the most user friendly mobile apps for players. Expect many other Sports Books to roll out quickly as several Pennsylvania sports betting apps and sites to go live soon.
Pennsylvania has so far generated $126 million in sports bets since legalization in November, and if New Jersey Sports Betting is anything to go by expect that number to be around $200 million very quickly. With online sports betting in New Jersey accounting for 80 percent of the state’s handle.
Fanduel is expected to enter the market soon, with PlaySugar and Valley Forge-FanDuel having the early advantage because of their experience particularly in New Jersey. We anticipate the Pennsylvania sports betting market to have 4-6 online sports books by the start of football season.
PA Sports teams are flying at the moment which is always great for Sports Books entering a new market. The Eagles, Steelers, 76ers and Phillies are all leading contenders in their divisions.
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