The Presque Isle Downs & Casino located in Pennsylvania has partnered with bet365 to introduce online sports wagering and iGaming within the state. This collaboration will enable bet365 to access the Pennsylvania market, while Presque Isle, a branch of Churchill Downs Incorporated (CDI), further capitalizes on its established footprint.
This action corresponds with CDI’s objective to generate income from online gaming market entry, as their primary emphasis remains on their horse racing platform, TwinSpires. Both organizations are enthusiastic about the agreement, awaiting regulatory authorization, and perceive it as mutually beneficial.
This announcement follows closely on the heels of bet365’s debut in Ohio, another thriving hub for sports betting in the US. They even presented $100 in complimentary wagers to early adopters who registered before December 2023!
As the globe’s top choice for online sports wagering, we’re excited to deliver an unparalleled encounter to Pennsylvania sports enthusiasts. Prepare for fantastic options such as enhanced odds, single-game accumulators, swift settlements, and the capacity to modify your wagers – all while benefiting from our industry-leading registration bonus.”
bet365 recently declared earnings of £2.85 billion (US$3.38 billion) for the financial period concluding March 27, 2022. This robust showing was driven by their gaming segment, which witnessed revenue climb by 3% year-on-year.
Although sports wagering revenue declined by 2% relative to the preceding year, gaming revenue surged by a remarkable 25%. bet365 ascribed this expansion in gaming to enhanced profitability, a greater overall sum staked, and a surge in active users, which escalated by 48%.
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