Online casino and gambling experts, Jackpot247, have commented on study results on the potential benefits of regulated online gambling for Pennsylvania.
A recent study into the potential ramifications, both positive and negative, of regulated online gambling in one US state from the Econsult Solutions of Philadelphia, has revealed the potential benefits of the move. The results, released by the Pennsylvania Legislative Budget and Finance Committee, are based on both the financial gains the state stands to make and the knock-on effect regulation of online gambling could have on land-based casinos in the region.
It has been predicted that as much as $184 million could be made in the first year of operation, with additional revenues of up to $307 million possible in subsequent years. This amount is the summation of revenue taken from online casinos ($178 million) and online poker rooms ($128 million), and it is hoped that these positive results will work in favour of the gambling industry in the US. The extra revenue will also work towards improving the state’s budget deficit, currently heading towards the $1 billion mark.
Online gambling experts, Jackpot247, have commented on these encouraging results, with a spokesperson saying:
“Countless states across the US and beyond are struggling with overwhelming budget deficits, and revenue taken from legalised online gambling can help towards solving this issue. This particular study also revealed that online gambling could also complement the existing land-based casino industry, rather than hinder it, and this would mean that a move towards legalising the practice in Pennsylvania would likely benefit the state financially while not taking business away from existing gambling sites.”
Jackpot247 designs, creates and operates live roulette games broadcast on ITV and Sky channel 86, using casino certified equipment. With the best range of online casino games, the firm also provides live black jack online, roulette, poker, arcade games and Jackpot 247 casino slots available to play online and on mobile, with a view to providing an authentic casino experience to the home. The company encourages responsible gambling and only provides games manufactured to the highest standards to ensure customer satisfaction.
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