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Regulated Online Gambling in Pennsylvania Could Generate $364M by 2022

A recent report revealed that a regulated online gambling market in Pennsylvania could generate $364 million in revenue by 2022.

Online Poker Report released the white paper, “Regulated Online Gambling: A Billion-Dollar Opportunity for Pennsylvania” this month.

Assuming legalization in 2017 and a rollout in early 2018, online gambling would make casinos $230 million in its first year. The five-year projection would be a 58.3 percent rise.

Using a tax rate of 20 percent, the report predicted that operators would contribute $46 million in taxes the first year and $426.3 million after five years.