Australia-listed sportsbook operator PointsBet has recently extended its footprint to the lucrative sports betting market in the Keystone State. The operator has been very busy with its ambitious expansion plans and it comes as no surprise that Pennsylvania which happens to be one of the country’s largest markets would be one of its key considerations.
As expected, the online sports betting operator had to acquire a sports and gaming license from the Pennsylvania Gaming Control Board (PGCB) before starting its operations. It kicked everything off with a soft launch of its online sportsbook on February 7. That gave it enough time to get the green light to fully launch in time for Super Bowl betting.
Going for the Top Spot
Sports betting in Pennsylvania is very lucrative and so it is a very competitive market. PointsBet is looking to become a leading force in that market by offering top-notch sports betting features as well as a solid selection of real money online casino gambling options. As such, in addition to being able to place sports bets, its customers will enjoy a wide variety of slots and table games.
Thankfully, the company has been welcomed with open arms in Pennsylvania. That is according to its chief executive who believes that they have the opportunity to do something great in the state.
“Pennsylvania ranks as one of the top five sports betting markets in the U.S. and is supported by forward-thinking leaders at the state’s Gaming Control Board. We appreciate the opportunity to bring the fastest online sports betting product and an unrivaled in-game betting experience to the fans of Pennsylvania.”PointsBet USA chief executive officer Johnny Aitken.
Already, PointsBet has set up shop in nine other states. Its sports betting product has proven to be a popular choice among bettors in these states giving it an edge as it prepares to expand even further.
What PointsBet Can Expect in Pennsylvania
Well, the key metric for success in the Keystone State will be how much the company can bring in terms of revenue. Thankfully, things have been looking up for the entire gambling industry. Case in point, a recent revenue report for the 2021 calendar year revealed that the state set record gambling revenue. This was over $4.7 billion from all the gambling verticals.
Online gambling and sports betting have been slowly rising in popularity and the revenue figures also illustrate this. That said, PointsBet has a lot to look forward to. We’ll have to wait to see their first revenue reports but we are very optimistic about what’s to come.