2022 represented a huge year for casino and sportsbook operators in Pennsylvania as the state’s gaming revenue topped $5 billion. Although final figures are waiting on December’s totals, the state’s casinos have already reported revenue earnings of $5.2 billion over the first 11 months of 2022, a new state record.
Pennsylvania’s 2022 Gaming Revenue Tops $2 Billion, Board Looks to Increase Total in 2023
- Pennsylvania’s gaming industry tops $5 billion in total revenue for 2022
- More land-based casinos in 2023, hopes to push revenues higher for upcoming year
- Two-factor authentication became mandatory on December 31st, 2022
Pennsylvania Expects Revenue to Cross $6 Billion in 2023
The state expects the revenue total in 2023 to eclipse $6 billion with the addition of a Parx mini-casino and a boost in new PA online casinos and sportsbooks to the Pennsylvania gaming market over the next 12 months.
Currently, the state hosts 18 online casinos and 14 online sportsbooks. With applications for open licenses becoming available for gaming companies this month, the Keystone State could see more operators enter the iGaming battle in 2023 once they gain approval.
WynnBet recently received their online casino license in December of 2022, making them the biggest competitor to enter the Pennsylvania market in quite some time.
Pennsylvania Gaming Control Board Mandates Two-Factor Authentication for 2023
After celebrating the big revenue numbers, the Pennsylvania Gaming Control Board looked to improve security for casinos and their customers by mandating two-factor authentication for online gambling websites and PA online sports betting apps back in June of 2022.
At the time of the mandate, the PGCB set a deadline for December 31st, 2022 for the implementation of the two-factor authentication. With 2023 already here, gaming operators in the state have slowly implemented the new mandate over 2022’s final months.
The multi-step authentication process will present a temporary headache for frequent players, but members of the PGCB believe the hassle is worth the inconvenience when it comes to improving safety and lowering fraud.
The authentication mandate comes with other requirements including total encryption of players’ data by the casino operators and annual checks by third-party security companies to assure total protection for customers.
Currently, New Jersey is the only other state to mandate two-factor authentication by law for licensed casino operators.
Derek Blake is a freelance writer that has covered the expansion of legal sports betting in America and the regional casino business for several well-known industry websites. During his writing career, he has written profiles on dozens of athletes and focused on the collision of sports and politics.