Clicky

Gamblers Flock at Rivers Casino for March Madness Betting - PennsylvaniaCasinos.com News : PennsylvaniaCasinos.com News
  • 113 views
  • 3 minutes read
MarchMadness
Published on
Update on
Author

It has been about 4 months since the Pennsylvania Gaming Control Board finally approved the launch of a sportsbook in the state and so far, everything has been going great. We cannot dismiss some of the issues that have been setbacks to the progress of the industry – including the revenue drops reported in February – but the victories have been more than enough to make up for everything, at least for Rivers Casino.

Launched on December 13, the Rivers Casino sportsbook received its sports betting license from the PGCB and since then it has grown to become a household name in the state’s sports wagering industry. This fact has been proven true by the number of wagers that the casino has already taken for the March Madness event. March Madness refers to a basketball tournament that is run by the National Collegiate Athletic Association (NCAA). According to Jimmy Vaccaro, the director of sports at Rivers Casino, there has been nonstop wagering at the sportsbook and the numbers are expected to go even higher than they already are. The sportsbook has 12 self-serve kiosks and not even one of them was not being used by the punters.

Being the most active sports betting event after the Super Bowl (in the United States, that is), the NCAA’s March Madness was expected to be every it as lucrative as it is primarily because it involves a sport that so many Americans love and enjoy. With more and more states venturing into the sports betting space, it should not be too long before we get to see many more betting activities that are associated with the event.

This year NCAA March Madness is the very first one being held in the United States since the country’s Supreme Court lifted the federal ban on sports betting. The NCAA was also a strong opposer of sports betting but it has since eased its stance on the matter perhaps after acknowledging its inevitability. More states are jumping on to the sports betting bandwagon which means there are fewer sports betting-free areas that the NCAA can take its events to.

What the Future Holds

The Rush Street Gaming-owned Rivers Casino is considered to be one of the most promising gaming establishments in both the Keystone State and the rest of the United States. That said, it is easy to see just how likely it is that Rivers Casino will outdo all of its competitors when the month’s revenue reports stream in next month. Sports betting will definitely account for a huge chunk of the state’s gaming revenue and this might even get better next since by then, the state will have, hopefully, legalized online and mobile gambling.

Editor's Picks

Online Gambling Finally Takes Off in Pennsylvania

Following several months of rigorous product testing by the Pennsylvanian Gaming Control Board (PGCB), three of the Keystone State’s licensed casino operators have recently begun offering their online gaming products to the state’s residents. Pennsylvania will now be finally joining the small list of states where online casino-style gaming is fully legalized and regulated. Penn […]

Pa. Casinos Lose Lawsuit Against Online Lottery Games

A while back, a coalition of seven casinos in Pennsylvania filed a lawsuit seeking an injunction to stop the Pennsylvania Lottery from offerings online casino-style games. Last Friday, the casinos were dealt a huge blow when a Commonwealth Court chose to side with the lottery. The Pennsylvania Lottery officially launched its online lottery product in […]

PGCB To Hold Casino License Auction in September

On Wednesday, July 10, the Pennsylvania Gaming Control Board (PGCB) voted in favor of a plan to recommence the Category 4 satellite casino auction process. As such, the state will try again to award gaming licenses for five more satellite casinos as part of the ongoing aggressive gambling expansion that kicked off in October 2017. […]

Similar Stories in Gambling

High Hopes as DraftKings Acquisition of SBTech Nears

DraftKings, one of the most popular gaming operators in the United State is currently on the verge of completing its bid to acquire online gambling and sports betting company SBTech. The announcement of the acquisition plans came just a week after SBTech had appointed a new president for its operation in the United States. This […]

Pennsylvania Slots Records Revenue Growth in Fiscal Year 2018/2019

The Keystone State’s slot machine revenue increased 1.1 percent during the just concluded 2018/2019 state fiscal year compared to the 2017/208 fiscal year. These figures were presented by the Pennsylvania Gaming Control Board (PGCB) last Monday, the breakdown of the slot machine revenue figures has set the precedence for the total gaming report that is […]

Legal Sports Betting Finally Comes to Illinois

Last Friday, Illinois Governor J.B. Pritzker signed a bill that effectively made the state the fifth one to officially legalize sports betting in the country following the May 2018 Supreme Court ruling that abolished PASPA and legalized sports betting. The bill that was signed into law included a wide-ranging $45 billion capital funding package. Work […]

Parx Becomes Second Pa. Casino to Launch Online Sportsbook

Online sports betting kicked off in the Keystone State just a little less than a month ago and already the state’s residents are getting even more options in that regard. SugarHouse Casino in Philadelphia was the first online and mobile sports betting platform to go live in Pennsylvania and on Thursday, June 27, Parx Casino […]