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The news domain’s Dustin Gouker explained that the timing of the coronavirus-related shutdown had been particularly damaging because the NCAA Division I Men’s Basketball Tournament was expected to have generated aggregate Pennsylvania handle of at least 0 million. Obviously, there are dramatic health and economic concerns for everyone right now but the loss of revenues will be felt by Pennsylvania’s gambling industry for quite some time.3 million while revenues from online casino and poker games conversely rose by over 24....
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By contrast and it pronounced that the state’s apex sportsbook inside Rivers Casino Philadelphia had seen its handle plummet by 68% month-on-month to a spartan .Read a statement from Gouker…“The first weekend of ‘March Madness’ is the second-biggest sportsbetting event in the United States behind only the Super Bowl and its cancellation leaves no feasible way to make up that revenue.2% month-on-month to just 1....
Growth in online casinos is helping but it can’t entirely make up for the revenues lost from sportsbetting and land-based casinos being shut down.1% of Pennsylvania’s sportsbetting revenues in March had come from online wagers with the FanDuel Group-powered service at VFCasino.”Leading lights:The site also reported that some 90....
It’s an industry that employs thousands in Pennsylvania and generates millions of dollars in tax revenues and it is not designed to be closed.”Leading lights:The site also reported that some 90.Gouker’s statement read…“Pennsylvania’s gaming industry is navigating waters that are unprecedented anywhere....
