• Home
  • About
  • Contact

The Phat Startup

The Ultimate Lifestyle Blog for Entrepreneurs

Blog Ideas That Make Money

With technology turning into a growing human necessity, blogging is rising as one of the best ways to boost your visibility and reach online. It is also a great way to make a great amount of money online, the best part being that you are in charge of everything about it. From deciding where your […]

4 Tips For Setting And Reaching Your Business’s Big Financial Goals

If you’ve ever scribbled a goal like “make more money” on a whiteboard, you’re not alone. Most business owners start with that energy, dreaming big and fueled by caffeine and hope. But turning vague wishes into real results? That’s where things get tricky. Setting big financial goals is exciting. Hitting them? That takes more than […]

  • Blog
  • Blogger Lifestyle
  • Money & Finance
  • Motivation
  • Personal Growth

Money & Finance

New Off-Track Betting Facilities to Open in Pennsylvania

As Pennsylvania’s gambling market took off in the last decade, one aspect of legal gambling in the Keystone State saw a decline in patronage. Off-track betting (OTB) facilities began closing due to a lack of interest from bettors.

The legalization of online gambling saw OTBs begin declining, to the extent that only two operate in Pennsylvania, whereas 25 years ago, there were 23. However, the status quo is about to see a significant turnaround.

What is an OTB?

An OTB is a sports betting facility where gamblers can bet on horseracing without visiting the track. It allows them to wager on races countrywide, watch the race on television and claim their winnings.

Experts believe that the PA online casino was the final nail in the OTB coffin. Bettors no longer had to visit seedy establishments to watch televised horseracing and place their wagers. While seven OTBs were operating pre-COVID, only two reopened once lockdown restrictions began easing in line with public health regulations.

How can online casinos rescue PA’s ailing OTB sector?

Although many people believe that online sports betting in Pennsylvania put OTBs out of business, they might be the sector’s saving grace. Online gambling sites have allowed most casinos to keep their doors open and continue turning a profit, and some operators are expected to open smaller satellite casinos later in 2021. These financial gains will fund the recovery of OTBs.

OTBs will now feature at brick-and-mortar casinos, sports bars, and other betting facilities, allowing it to make a well-deserved comeback. While many people invest in gold or bitcoin to make their fortune, others still believe that horserace betting can net them a substantial win, allowing them to make money fast.

New look OTBs

The notion of OTBs as standalone operations has been the sector’s downfall, and operators are looking to integrate them into other facilities. Parx Casino, a well-established presence in Pennsylvania, is looking at partnerships with the restaurant chain Chickie’s and Pete’s, hoping to include OTBs into their establishments. A branch of this restaurant already operates at Parx’s Bensalem casino in Bucks County.

Penn National is also exploring opening OTBs in Barstool sportsbooks, located at established casinos. New satellite casinos are opening in York and Berks Counties this year, too. The American casino operator hopes to use this approach to attract younger patrons to horseracing wagering. It is not currently a betting form popular with this demographic, but OTBs within sports betting operations may change this circumstance.

OTBs will no longer rely on horseracing alone to sustain themselves, becoming part of betting facilities that accept wagers on multiple sports. Together with good food and a wholesome atmosphere, new OTBs will differ significantly from their predecessors.


« 4 Things to Consider When Hiring a Reinstatement Contractor
Brand Facade: Why Your Business Building’s Landscape Matters »

About The Phat Startup

The Phat Startup was created by Mike McOwen to create a space where entrepreneur lifestyle could be focused on. We tend to live a different lifestyle than most. Entrepreneurs tend to be interested in maximizing their life, not only their profit.

Connect With Me

  • Email
  • RSS
  • Twitter
  • YouTube

Twitter Feed

[custom-twitter-feeds]

Blog Ideas That Make Money

4 Tips For Setting And Reaching Your Business’s Big Financial Goals

3 Tips for Reducing the Risk of Fraud in Your Business

How to Insure Your First Restaurant Without Breaking the Bank

3 Tips For Better Maintenance Of Your Kitchen Appliances

When you spend thousands of dollars on your kitchen appliances, you’re going to want to be sure that you’re taking the best possible care of them and

Here’s How Your Business May Be Losing Money from Deliveries

If you run a business that depends on regular deliveries—whether you're stocking shelves, supplying restaurants, or sending out client orders—chances

Cost-Saving Strategies Every Construction Site Should Use

Running a construction site means juggling tasks, people, and deadlines while keeping spending in check. Costs can climb fast if choices are rushed or

Search

Copyright © 2025 · The Phat Startup

Copyright © 2025 · Divine Theme on Genesis Framework · WordPress · Log in