Pennsylvania has legalized sports betting. The Keystone State is going to become one of the biggest players in the online sports betting field in the coming years thanks to its large population and diehard sports fans. The state also has full online betting, which is great for consumers. However, the barrier to entry for operators is high. Here are the most important things that you should know about Pennsylvania Sports Betting.
Why is legal sports betting set to explode in PA?
PA is the fifth among U.S. states in terms of population. Of all the states that have legalized online sports betting, it has the most people, and potential bettors as well. Second, it has two huge markets, which are home to some storied professional and college teams with their loyal, diehard fanbases. All together they make up a massive legal betting market.
When Will More Sports Betting Sites Come Online in PA?
PA won’t have a quite developed betting market like New Jersey due to the $10 million licensing fee and high tax rate required for operators. That makes up a large barrier to entry and allows only two types of operators to come in PA, including the biggest, such as DraftKings and FanDuel, and any brands tied to casinos in the state, such as BetRivers.
Which are the most popular sports betting sites and apps in PA?
Here is a list of the top three most popular sports betting sites and apps in PA for you to choose from.
- FanDuel started testing its betting product in PA on July 22. Its product in PA will be similar to its in New Jersey, where it has established itself as one of the primary players.
- Shortly after successfully launching in New Jersey, the DraftKings behemoth turned its attention to Pennsylvania.
- Barstool Sportsbook. Barstool will also have a big presence in PA since its new parent company, Penn National, owns some casinos in the state.