PointsBet to launch sportsbook & casino in Pennsylvania
PointsBet Granted Sports Betting & Casino Licenses in Pennsylvania
PointsBet Pennsylvania has been awarded operator licenses in sports betting and interactive gaming in Pennsylvania, thanks to an exclusive partnership with Penn National Gaming. The sports betting operator, a subsidiary of PointsBet, has been granted the two licenses by the Pennsylvania Gaming Control Board (PGCB). Consequently, the company is now permitted to offer online sports wagering and online casino products to customers in the state.
Long-Awaited Launch Getting Closer
The PGCB’s decision to award PointsBet sports betting and online casino operations licenses means the Australian-based gaming company is much closer to launching online sports wagering and iGaming in Pennsylvania. Sports betting in the state has been live for over two years and has seen tremendous growth, particularly on PA betting apps and online wagering.
Talking about the news, PointsBet USA chief executive officer Johnny Aitken said that everybody at the company is excited that they are “inching closer” to offering its “market-leading products” to bettors and sports fans in the state, in partnership with Penn National Gaming (PNG).
Aitken said that with Pennsylvania among the top five sports betting states in the country, PointsBet is “thrilled” at the prospect of establishing itself in the lucrative market. Aitken was also keen to mention how appreciative they are of the support they have been given from the “state of Pennsylvania and the great people at the Gaming Control Board.”
PointsBet extended its partnership with Penn National Gaming in March last year to include market access in Mississippi and Pennsylvania to clear the way for a future launch by meeting the state’s requirement for any online sports betting site to be linked to a land-based casino.
As part of the agreement in Pennsylvania, Hollywood Casino York, which is operated by PNG and has a retail Barstool Sportsbook on site, will provide its property’s license giving market access to PointsBet.
PointsBet was initially reluctant to launch in Pennsylvania in 2018, put off by the 36% tax on sportsbook revenue compared to New Jersey mobile betting, which taxes online sportsbooks with 13%.
NBC Sports Gives Media Presence
As part of a strategy to engage with sports fans and bettors in Pennsylvania, PointsBet will rely on its partnership with NBC Sports, which was struck in August 2020. The agreement saw the sportsbook become the exclusive provider of odds of the network.
The five-year deal ensures PointsBet receives year-round multi-platform media and marketing opportunities across the entire network of regional channels.
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