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If you like sports betting, Christmas has come early — at least if you live in Pennsylvania.
The number of places you can legally bet in the Keystone State tripled this week. More on that in a bit.
shocking not shocking news out of New Jersey: People really like to bet on sports.
Let’s take a spin around the always exciting world of US sports betting:
The two biggest cities in Pennsylvania got their first taste of legal sports wagering, as both Rivers Casino, in Pittsburgh, and SugarHouse Casino, in Philadelphia, both opened sportsbooks.
And that’s hardly going to be the last of it for PA sports betting, as more sportsbooks are coming, as well as betting apps in 2019.
Almost a billion dollars has been wagered in New Jersey since it went live early this summer.
We know that after $330 million was wagered in November, and more than $20 million in revenue generated.
Oh, and $8 million in tax revenue has already been generated from NJ sports betting, not to mention the ancillary value it provides for casinos and tracks with increased visitation.
Other states licking their lips for new revenue streams should note that about two-thirds of handle is from online betting.