Parx Sports Betting Platform To Be Powered By GAN

Parx Sports Betting Platform To Be Powered By GAN

Parx sports betting partnership with GAN

More big news from Parx Casino this week as Parx announced Monday that it would be partnering with software provider GAN on a sports betting platform. The revelation puts the largest Pennsylvania casino on track to become one of the first casinos to go live with sports betting — likely sometime in the second half of 2018.

The announcement confirms that GAN will provide the platform for the brick and mortar Parx sportsbook as well as for an online sportsbook where users can place online wagers.

With the start of the NFL season just a month away, PA casinos and the state are working hard to take advantage of the peak of sports betting season.

Parx and GAN have a history

GAN has been a long-time partner of Parx on the casino’s play money casino and more recently, a real money online poker room and online casino games that are currently in development. Given GAN’s long standing relationship with Parx, it’s no surprise that GAN will also provide the sports book technology.

Software provider GAN will allow Parx Casino players to sign up for an online account when signing up for in the Parx Casino loyalty program, officially known as the Xclub. The linked cards would allow players to use player cards for transferring rewards as well as earning additional rewards for play in online sports books and online casinos.

The online and retail platforms will also share a wallet, allowing greater convenience for players and the ability for the casino to market the online sportsbook (and vice versa).

Whats next for PA sports betting?

Pennsylvania regulators are currently still drafting regulations for sports betting. Meanwhile, the Pennsylvania Gambling Control Board opened up license applications for sports wagering “operators, manufacturers and suppliers” on July 11th. There
has yet to be an announcement of any Pennsylvania casino officially filing for a sports betting license, although it appears that will happen sooner rather than later.

For context, nine of the thirteen PA casinos — including Parxsubmitted petitions to offer online gambling in mid-July, despite the application period opening up in early June. PA online gambling licenses would not cover sports betting but instead would authorize casinos to go offer online poker, slots and table games. Those licenses are expected to be approved by the end of October.

There is no deadline for PA casinos to submit an application to offer sports betting in Pennsylvania and the state has yet to confirm when sports betting regulations could be finalized.

Regulators want to get the regulations right, but there is an eagerness by casinos and the state to get sports betting up and running. Did we mention football season starts in a month?

Pennsylvania believes that retail sports wagering could generate over $100 million in gross win during the first 12 months of operation, while online sports wagering could add an additional $189 million. This compares to around $200 million in revenue for online gambling.

Despite the optimism and a potential lucrative market, there are some barriers of entry. A $10 million license and 36% revenue tax could keep some Pennsylvania casinos out of the mix.

But now that the Parx/GAN sports betting partnership has been announced, its probably only a matter of time before additional PA casinos signal their intentions and regulations are finalized.

Sports betting and online casinos are likely weeks or months away, but while you wait you can still participate in PA online lottery for real money. New players can even receive a free $5 to play with.