Friday, January 5, 2018

Pennsylvania Gaming Expansion: Is more actually better?

As 2018 comes in, the gaming expansion in Pennsylvania will accompany it. We see that slot growth is not part of the equation. Online Gaming will not stem this trend due to the high tax rate.


Table Games is showing incremental growth every year. The tax rate online is favorable to operators so expect most sites to offer more core games that you find in brick and mortar facilities. These games include poker, blackjack and baccarat.


An area of concern is Philadelphia and the addition of  a second casino less than 15 miles from the present gaming operation. This will undoubtedly lead to battle over the patrons that are presently playing in Philly. Market share will diminish. How much remains to be seen.
The possible addition of 10 satellite casinos that can not be located near a currently operating site will bring jobs and some new operators but little growth.  Any rise in revenue will come from the most innovative online operators. Who will they be?


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