- Pennsylvania on-track to exceed online gaming & sports betting revenue
Drew Svitko, Executive Director of the Pennsylvania Lottery, has reason to smile—the Pennsylvania lottery is set to break its all-time sales record.
During a meeting with the state House Appropriations Committee, Svitko explained that they sold $4.5 billion in game tickets alone in 2018-2019 alone. If the lottery sees sales at the same rate as seen in January, they’re projected to make upwards of $5 billion in the 2020-2021 fiscal year.
Online Gaming Reigns King
A lot of Pennsylvania’s success when it comes to lottery sales in early 2021 can be attributed to online gaming and the pandemic, as players were able to access games online while quarantining, self-isolating, and just generally staying home.
However, scratch tickets sales were strong throughout 2020, despite the COVID-19 pandemic raging through the state (and the world). Svitko attributes this to the fact the convenience stores, grocery stores, and other businesses are considered essential and remained open during the pandemic.
“Our iLottery games have proven a fun, new way to play the Pennsylvania Lottery. Selling lottery online is a big part of our effort to modernize the lottery, appeal to new customers and meet our players where they already are, which is online, while generating new funds to benefit older Pennsylvanians,” says Svitko.
The state is also benefitting from an expanded gaming bill, which allowed up to 10 Category 4 satellite casinos, legalized online gambling, sports betting, fantasy sports and video gaming terminals at specific truck stops throughout the state.
Online Sportsbooks See Leap, Too
While December saw a record-breaking year where sports betting is concerned, January proved to be even better with a $615.3 million handle, up 25% from November. 2021 looks like it might fare the same, with $34 million in revenue reached in January 2021. This is the first time that Pennsylvania’s handle has reached over
According to the Pennsylvania Gaming Control Board, the 2020-21 fiscal year overall has reached $3.1 billion, and already passed the $2.2 billion handle that 2019-2020’s fiscal year reached.