What Can We Expect From The PA Online Casino Industry in 2022?
In 2021, online gambling and sports betting reached new heights in the landlocked state of Pennsylvania. The PA casino industry shattered records and attracted several new demographics due to the versatility of games offered on the state’s various online casino platforms. Compared to March 2020, when revenues were at $154 million, monthly casino revenues in Pennsylvania topped $400 million in March 2021; these growth figures have helped indicate that big things are coming from PA online casinos this year.
Increasing Partnerships With Sports Teams
This year, we expect online casinos in Pennsylvania will continue to build their relationships with the various sports teams in the state. For instance, in the city of Philadelphia alone, there are several professional teams, including the Eagles, the Phillies, the Union, and the 76ers. Around the globe, especially in the United Kingdom and the United States, it has become very common for online casinos to partner with sports teams over the years, and, fortunately, PA online casinos have already dipped their toes into the area.
For example, in November 2021, Malta-based casino operator Betway partnered with the Philadelphia Flyers, the city’s professional ice hockey team that is currently sitting in fifth place in the National Hockey League’s (NHL) Metropolitan Division in the Eastern Conference. Betway’s partnership with the Flyers is the company’s latest move in Philadelphia, having already partnered with the NBA’s 76ers, who, as we covered, recently beat the Boston Celtics. According to this review site, Betway is worthy of a place on the list of the best PA online casinos available, in addition to MGM Resorts International’s platform BetMGM. BetMGM also has ties to Pennsylvania-based sports teams, becoming the first casino operator to accept a sports bet from space in 2021.
According to reports, the BetMGM wager was on the Philadelphia Eagles to win the Super Bowl in 2022. The Eagles are currently in second place in the National Football League’s (NFL) NFC East division, but whether or not they win the Super Bowl this year, we are not sure. However, one thing we can be sure of is that since there are dozens of online casinos and sports teams in Pennsylvania, an increasing amount of partnerships between the two sectors makes considerable sense in 2022.
More Blockchain And Crypto Use In The State
Apart from online gambling and sports betting, did you know cities in Pennsylvania have also become hotspots for the startup and technology communities over the last few years? In fact, as we previously covered, we’re even seeing more technology education programs across the state receive additional financial support and investment to continue this momentum.
Of course, the support for PA’s technology sector extends past grassroots levels, as tech giants like SAP America, CDI Corporation, and D&H Distributing all have offices in the state. Either way, though, regardless of the level of experience, Pennsylvania becoming a hotspot for technology is fitting, considering the success of the innovative gambling industry.
For example, one of the biggest trends in online gambling in 2022 will be the continued increasing presence of technologies like blockchain and crypto. Since Pennsylvania already has a booming gambling industry and a newfound sense of optimism for its technology and entrepreneurial ecosystems, we expect to see more PA online casinos in 2022 offering crypto as a form of payment and even NFTs as prizes.
New Casino Incentives
Like the state itself, Pennsylvania has a unique online gambling and sports betting industry. For starters, having several different sports teams in one state makes wagering on sports like the NFL and NHL more enjoyable. After all, almost everything in life is more fun when you have a personal connection to it.
However, this uniqueness does not mean PA online casino operators will not follow emerging industry trends in 2022. That is because even in the gambling industry, it is important to keep up with new trends and ideas so businesses can maintain their relevancy and competitive advantage. For example, one trend we expect to see more of this year in the global gambling industry is the use of incentives. For now, PA online casinos offer no deposit bonuses and free spins, but we expect in 2022, there will be more promotions offered by these platforms.
Most people regard Nevada as the great gambling state of the United States, but over the last few years, we have seen Pennsylvania become one too. Of course, it helps that PA has seen growth in other industries too, and we expect in 2022, we are going to see many of these sectors come together in gambling.