PointsBet is ready to make its unique spin on sports betting available to bettors in two more US states – Pennsylvania and Mississippi.
A PointsBet online offering is much closer to becoming a reality in Pennsylvania than it is in Mississippi, however. The market for online sports betting in Pennsylvania is much more mature than it is in Mississippi because of the current legal landscape. That doesn’t mean Mississippians should dismiss this news entirely, though. It just means there is more legwork to do in the Magnolia State.
What a PointsBet Pennsylvania sportsbook means for PA bettors
According to a press release from PointsBet on Thursday, the company secured sports betting and iGaming access in the state of Pennsylvania. PB gained this access due to its continued partnership with Penn National. Penn not only operates Hollywood Gaming at Mahoning Valley and The Meadows Casino but also makes its corporate headquarters in the Keystone State.
While the deal includes both iGaming and online sports betting, the real differentiator for PointsBet involves the latter. PointsBet has its own way to bet on sporting events, which essentially allows bettors to set their own lines and get a better payout for being more correct with their predictions.
It will be important to have something new to offer PA bettors. PointsBet enters an already crowded market in Pennsylvania, months after the dominant players – in terms of market share – like DraftKings Sportsbook and FanDuel Sportsbook got in.
PointsBet hasn’t shied away from spending big on marketing, however. It will likely need to do the same thing here. Having Philadelphia 76ers legend Allen Iverson on its celebrity endorser roster can’t hurt.
PointsBet will still need to secure regulatory approval before taking its sports betting app live in PA. Likely later this year, PA bettors should have access. That will take much, much longer to happen in Mississippi, though.
What deal means for Mississippi sports bettors
The biggest obstacle for a future PointsBet Sportsbook in Mississippi is the state code on legal sports betting. Right now, online sports betting is technically legal but severely restricted in Mississippi. Online wagers are only legal if placed while the bettor is physically on licensed casino grounds.
For that reason, none of the licensees have bothered to offer connected online betting yet. There’s simply little benefit to carrying the expense when bettors are mere steps from betting kiosks or windows.
There have been multiple attempts to open things up in Mississippi but so far, none of those attempts have come to fruition. PointsBet has this deal in place for a hypothetical future in which an attempt to make online wagering legal statewide actually succeeds.
In that event, PointsBet should be ready to go in the state under Boomtown Casino Biloxi‘s license. With the access deal in place, it’s theoretically ready to be one of the first online books to launch.