Penn National Online Sports Betting
Penn National is serious about sports betting in Pennsylvania. And thanks to the Pennsylvania Gambling Control Board’s (PCGB) decision to allow temporary sports betting facilities to open while regulations are finalized, sports betting could be live in the Keystone State by November. Along with Parx Casino and the South Philadelphia Turf Club, Penn National will be among the first sportsbooks to accept legal sports wagers in Pennsylvania.
Penn National Online Sports Betting Deposit Bonuses and Promotions
When Pennsylvania online sports betting sites launch, you can be sure there will be a whole slew of deposit bonuses and promotions thrown at prospective sports bettors. These gaming companies and casinos – Penn National among them – will be competing for an early foothold in the sports betting marketing, which means they’ll need as many users as they can get. With the brand recognition head-start DFS giants DraftKings and FanDuel would have if they chose to enter the sports betting market in Pennsylvania, companies like Penn National will have to work harder to convince sports bettors to give them a shot.
Bonuses and promotions are the primary ways Penn National will entice sports bettors. You can expect deposit matches, free bets and no-deposit bonuses, all in the $50-$200 range.
Penn National’s Place in the Pennsylvania Gambling Market
It’s been said that if you ain’t first, you’re last. Given that it was the first Pennsylvania casino to fork over the $10 million fee for a sports betting license, it certainly seems like Penn National believes in the Ricky Bobby school of finishing first.
Sports betting hasn’t been the only thing Penn National is throwing money at, either. It’s clear Penn National believes Pennsylvania is ripe for gambling expansion as it’s the proud winner of two satellite casino auctions from earlier in 2018, and the owner of a shiny all-inclusive Pennsylvania gambling license. All told, the company has spent nearly $80 million on fees and the various licenses required for its land-based casinos, poker rooms, sportsbooks, online casinos and sports betting sites and apps.
To steal a poker term, Penn National is all-in on gambling in Pennsylvania. Table games, poker, slots and of course, sports betting – Penn National has your your wagering wants covered. Penn National holds a strong position within the gambling market, which puts it in a great spot to lead the way with PA online sports betting.
Penn National’s Online Sports Betting Plans
Shortly after snagging its sports betting license, Penn National announced it was sinking another $10 into the development of a physical sportsbook at Hollywood Casino. Initial plans highlight a space of over 5000 square feet with six betting and service windows centered around a giant 110″ screen, and 50 additional TV screens littered throughout the area. Penn National will spend $500K to $1 million on these temporary renovations, with the rest of the $10 million earmarked for finishing the space permanently in 2019.
While Penn National has not announced a date for when they expect to have an online sports betting site up and running in Pennsylvania, it’s a good bet everyone involved is working hard to make it a reality as soon as possible.
Upon initial launch, it’s very likely, but not ironclad, that online access to Pennsylvania sports betting sites will be restricted to users on the premises of the physical sportsbook. There’s a good chance this won’t be the permanent arrangement, but until sports betting regulations are finalized, it’s a solution that allows online sportsbooks to launch the quickest.
Penn National Online Sports Betting Outlook
Considering Penn National’s current position in the Pennsylvania sports betting world, the substantial investment it has made to expand its gambling footprint in both land-based and online casinos, and the general sentiment surrounding legal online sports betting in the US, the company is primed to be a major player in PA sports betting.
The only thing that stands in Penn National’s way – and this is true of all Pennsylvania online sports betting hopefuls – is the exorbitantly tax rates the state plans to impose on sportsbooks. It remains to be seen whether any sports betting operator can handle the 36%+ tax rate. But Penn National has already hurdled the $10 million license fee and is one of only a few brands approved under temporary regulations, so no matter how you slice it, Penn National’s sports betting outlook is as good as it gets in Pennsylvania right now.