Parx Online Sportsbook Promo Code and Review
Although they seemed hesitant at first, Parx, one of the most successful casinos in Pennsylvania, is expected to be the first casino to offer sports betting in PA. Parx put up the hefty $10 million application fee on August 27th, 2018 and just 37 days later, was approved by the Pennsylvania Gaming Control Board (PGCB) on October 3rd for legal full-scale sports betting in its flagship Parx Casino in Bensalem and the South Philadelphia Turf Club.
Parx and the Turf Club are owned by Greenwood Gaming, who has teamed up with software company GAN for its live sportsbook. GAN already successfully run several New Jersey online sportsbooks, including Oceans Casino and FanDuel’s mobile sportsbook. Parx has also struck a deal with SBTech and the very popular Kambi to offer online and mobile sports betting. Kambi software powers two of the most successful online sportsbooks in New Jersey, DraftKings and SugarHouse.
Parx Casino came into 2018 as the highest grossing casino in the very competitive Pennsylvania market. Boasting over 3400 slots, 180 table games, live horse racing, an exciting nightlife, and 48 table poker room, it only makes sense for Parx to be an epicenter of PA online sports betting. It was announced at an April meeting of the PGCB that online and mobile sports betting would begin testing in late April or Early May, and we expect that Parx will be one of the first to launch. Stay tuned to RotoGrinders for updates on this ongoing story.
|Online Launch||Expected May/June 2019|
|License||Approved October 2018|
|Retail Sportsbook||Opened January 7, 2019|
Parx Online Sportsbook Welcome Packages
With Parx announcing that they are aiming to be the number one sportsbook in PA, a very generous welcome package is expected. This can come in many forms that could include any of the following:
- Deposit Match Bonus: A deposit match bonus is exactly what it sounds like. Parx would match your deposit up to a certain percentage.
- No Deposit Bonus: Just for signing up, Parx may offer a smaller amount of money to play with just for trying out their site.
- Free Bets: Sportsbooks often offer free bets as a way for you to try their site. Some may require a deposit, some just for signing up, some will match your first real money bet on the site.
How will Parx have an advantage over the rest of the PA market?
- Brand Recognition/Marketing: Parx is already the number one casino in Pennsylvania despite being positioned in a very competitive Philadelphia area market. With bringing in the highest revenue comes extra money to throw around on promotions and advertising.
- Experience: Parx is owned by Greenwood Gaming who was founded by a group of UK sportsbook executives.
- Sportsbook/Online Casino/Poker: When you combine platforms like Parx plans to do, you get crossover between the markets. For example, if a poker player decides he wants to bet on the NBA finals, and he already has money in his poker account, its easier to place a bet on Parx, then to open a new account somewhere else.
Parx is hard at work building a permanent sportsbook in its already impressive casino. Although they have not made those plans public, we fully expect Parx to spare no expense to make their live betting area rival some of the best in Vegas. The plan is to be fully up and running in the permanent location sometime in the second quarter in 2019.
While the sportsbook is being built, Parx went live on January 7th, 2019 in a temporary location set up in the Parx 360 lounge. There are seven betting windows and a total of 42 self service kiosks. Twelve of the kiosks are located in the sports betting area, while the other 30 are set up around the casino. There are multiple televisions set up for your sports viewing pleasure. Parx is also offering their mobile tool called “Bet Builder” where you can put together your bet on your phone, and simply scan it when you get to the betting window.
South Philadelphia Turf Club
Conveniently located in the middle of all the Philadelphia sports action, the Turf Club also opened their own live sportsbook just two weeks after Parx. A $1 million dollar facelift prepared the off track parlor for their first taste of live sports betting. The list of upgrades includes adding seven sports betting windows and 13 self serve kiosks.
Valley Forge Race and Sportsbook
Located in Oaks, Valley Forge Race and sportsbook is another option for OTB owned and operated by Greenwood gaming. Opening on March 13th, 2019, Valley Forge Race and Sportsbook shows Parx commitment to being the number one sportsbook brand in the Keystone State.
Online and Mobile Sports Betting
It was announced at a mid- April PGCB meeting that online sports betting would begin testing in weeks following. Parx has made it clear that they are planning on being the number one online sportsbook, casino and poker site in PA. With this commitment, we expect Parx to be one of the first to launch.
As we’ve seen with sports betting in New Jersey, online and mobile wagering is where casinos can be truly innovative. From in-game betting to last minute wagers from your couch, the ability to have customers on the go has been a huge boost to sports betting. Parx has partnered with SBTech and Kambi for their online and mobile sports betting, and from experience in New Jersey, we should expect a high quality, updated and easy to use mobile product. Online will launch in May 2019, but in-game betting and live lines on bets from moneylines to prop bets will make it worth the wait. In-game betting allows bettors to place bets on every pitch, every down and every point while the odds update in real time.
Parx Online/Mobile Betting Options
With GAN already running several sportsbooks in New Jersey, we dont expect Parx banking options to be much different.
- Parx prepaid cards
- Online banking transfer
- Paper checks
- Cash at the Parx casino cage
Pennsylvania did not set many restrictions on what you can bet on. The only exceptions will be no High School betting and no Esports. All the popular options will be there including but not limited to:
- Car Racing
Types of Wagers
- InGame betting
Parx Path to Sports Betting
Even before the Supreme Court of the United States decided that limiting states the right to offer sports betting was unconstitutional, Pennsylvania was working on a huge expansive gaming bill. Lawmakers in the Keystone state included an option in the new gaming framework for the states casinos to open sportsbooks should it become legal. Once PASPA (Professional and Amateur Sports Protection Act) was overturned, they have wasted no time accepting applications.
It’s not all sunshine a rainbows, though. There are some concerns about Pennsylvania’s $10 million licensing fee and overall 41% tax on profits. To put this in perspective, to get a license in New Jersey it costs $100,000 for the license, and about a total of 25% of profits go to the state. Much more reasonable and manageable for sports betting operators in New Jersey.
While Parx initially waffled at the prospect of offering online sports betting in Pennsylavnia, it seems as though they have embraced the new gaming expansion and are set up to be a major player in both realms. Parx is on pace to be the first to market, which gives them a leg up on the competition. Being the most profitable casino in Pennsylvania, having a large existing customer base and partnering with some of the biggest names in sports betting positions Parx to be one of the market leaders in what could be one of the largest sports betting markets in the US.