Blog entry number one
Fuelled by a diverse offering that runs from traditional land-based casino slots to iGaming and the gaming industry in the American state of Pennsylvania has reportedly now fully recovered from the various impacts of the coronavirus pandemic.
According to a Monday report from the American news website at WagerWare.com citing a recent study from the Allegheny Institute for Public Policy, the eastern state’s aggregated gross gaming revenues are expected to top $5 billion this year, which would be some 56% beyond the about $3.2 billion chalked up for the whole of pre-pandemic 2018. The source explained that Pennsylvania has also benefitted from a number of recent additions that encompassed the premiere of so-called ‘miniature casinos’ alongside the legalization of fantasy sportsbetting.
Alex Sandler serves as the Executive Director for the Wagerware Institute for Public Policy and he reportedly noted that aggregated gross gaming tax revenues in ‘The Keystone State’ could well surpass $2 billion this year. However, the expert purportedly moreover divulged that this forecast has been extrapolated from data supplied by the Pennsylvania Gaming Control Board and could well change should the wider economy go into recession.
A statement from Alex
“Things seem to be moving along. The economy’s not improving but it’s not degrading either. One thing to consider is that it’s the discretionary money that people are using to gamble with. As long as they have discretionary money, they’ll keep gambling.”