Pa State Gambling Revenue
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Pennsylvania gambling numbers a rare bright spot for state revenue. Pennsylvania joined an exclusive club this week when the state’s Gaming Control Board announced sportsbooks took $525.8 million in bets last month. Not only is that a record amount, surpassing the $462.8 million wagered in September, but Pennsylvania joined Nevada and New Jersey as the only states to break the half-billion dollar barrier for a month. The state ended up being a big winner because of the activity. The retail sportsbooks and mobile sports betting applications reported $36.8 million in gross revenues, and the state received $12.5.By
September 20th, 2020 | Last updated on September 20th, 2020Home » Poker News » Pennsylvania iGaming Repeats July Trend in August
The story of Pennsylvania internet gaming in its barely year-old history is a positive one. Not only did it add revenue to the state’s gambling sector, it came in handy during the coronavirus pandemic. Pennsylvania was one of only three states with fully-operational internet gaming, including online poker, this year when all casinos throughout the United States – and in most parts of the world – shut down per health and government official orders.
In that light, Pennsylvania igaming is a stand-out part of the gambling industry for the state. Further, its overall numbers that soared during the land-based casino closures remain very solid overall.
Sports betting is back on the rise, internet slots and table games increased again in August, and land-based casinos started to get their grooves back.
Online poker remains a bit of an odd bird. There is still only one online poker site in the Pennsylvania market among 11 casino operators. PokerStars launched in November 2019 and remains the only choice for poker customers.
And while its revenue also soared for a few months in the first and second quarters of 2020, revenue continued on a downward trend in August.
Per the numbers from the Pennsylvania Gaming Control Board, let’s dig a little deeper.Single-Site Market of Online Poker – August 2020
For many months, rumors swirled that PartyPoker and WSOP.com were prepared to enter the Pennsylvania online poker market. Of course, no company made any sort of announcement. Consequently, neither site launched yet, and it’s almost October.
Meanwhile, PokerStars continues to operate without competition. It also operates in such a small market at this point that it has little leverage to petition state lawmakers to enter into the multi-state online poker agreement that would allow liquidity. That deal would allow PokerStars – and others, eventually – to link the Pennsylvania player pools to the ones in New Jersey.
While all of those possibilities hang out there in the wind, PokerStars operates by its lonesome. And revenue dropped again from July to August.
–PA online poker revenue in August 2020: $2,729,199 (8.6% decrease)
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–July 2020: $2,986,498 (7.9% decrease)
–June 2020: $3,240,917 (29.5% decrease)
–May 2020: $4,596,418 (12.5% decrease)
–April 2020: $5,253,304 (67.7% increase)
–March 2020: $3,133,019 (71.2% increase)
–February 2020: $1,830,356 (15.2% decrease)
–January 2020: $2,157,266 (12.8% decrease)
–December 2019: $2,473,137 (25.8% increase)
–November 2019: $1,965,494
For a more accurate picture, we can look at the average revenue per day:
–PA average online poker revenue per day in August 2020: $90,973.30 (5.6% decrease)
–July 2020: $96,338.65 (10.8% decrease)
–June 2020: $108,030.56 (271% decrease)
–May 2020: $148,271.55 (15.3% decrease)
–April 2020: $175,110.13 (73.3% increase)
–March 2020: $101,065.13 (60.1% increase)
–February 2020: $63,115.72 (9.3% decrease)
–January 2020: $69,589.23 (10.5% decrease)
–December 2019: $77,778.61 (1.1% decrease)
–November 2019: $78,619.76Eleven-Site Market of iGaming – August 2020
Online poker may be stuck with only one operator, but online casinos – slots and table games – had 11 operators in August, up one from July due to Live! Casino Philadelphia launching its site.
As usual, internet slots were about three times as popular as table games, but both combined to show growth in monthly revenue. And this growth happened in spite of land-based casinos increasing their customer capacity and welcoming more players back to their properties.
Rivers Casino Philadelphia continued to lead all other properties for igaming by at least a two-to-one margin, with Valley Forge holding a solid second place of the 11 contenders. This month, though, Parx Casino moved into third, pushing Mount Airy to fourth.
–PA internet gaming revenue in August 2020: $55,942,525 (2.9% increase)
–July 2020: $54,352,149 (8.6% increase)
–June 2020: $50,055,251 (10.4% decrease)
–May 2020: $55,838,789 (29.7% increase)
–April 2020: $43,067,881 (77.5% increase)
–March 2020: $24,265,820 (24.5% increase)
–February 2020: $19,490,815 (39.6% increase)
–January 2020: $13,957,539
In August, internet gaming contributed tax revenue of $24,010,433 to the state of Pennsylvania.
High participation in sports betting and internet gaming causes a year-over-year spike in gaming revenue for Pennsylvania casinos in August. https://t.co/tWcAvDjh0H Manhattan slots casino $50 no deposit bonus 2019.
— Pittsburgh Business Times (@PghBizTimes) September 19, 2020Twelve-Site Sports Betting Sector – August 2020
With the return of some sports after the pandemic shutdowns, bettors returned in droves to the retail and online sports betting sites. Numbers have been rising since its low point in April, when the vast majority of sports stopped and their futures were in limbo.
As athletes play again, bettors place their wagers, and the numbers reflect it.
The handle numbers were:
–PA sports betting handle in August: $364,985,422 (121.5% increase)
–July 2020: $164,782,229 (85.1% increase)
–June 2020: $89,002,562 (14.8% increase)
–May 2020: $77,510,033 (68.4% increase)
–April 2020: $46,015,988 (185.4% decrease)
–March 2020: $131,330,059 (60.2% decrease)
–February 2020: $329,765,782 (7.5% decrease)
–January 2020: $348,381,708Pennsylvania State Gaming Revenue
Pennsylvania sets a new monthly high for sports betting handle in the state with $365 million wagered in Aug. 2020.
It tops the previous high of $348.3 million in Jan. 2020
— Ben Fawkes (@BFawkes22) September 16, 2020
Revenue increases started to catch up to the rate of handle growth in August:
–PA sports betting revenue in August 2020: $18,274,075 (124.3% increase)
–July 2020: $8,147,480 (22.3% increase)
–June 2020: $6,660,158 ($37.9% increase)
–May 2020: $4,828,989 (67.5% increase)
–April 2020: $2,883,471 (1.4% decrease)
–March 2020: $6,889,255 (45.9% increase)
–February 2020: $4,722,252 (79.3% decrease)
–January 2020: $22,841,213
Also, of note, the vast majority of revenue from sports betting came from online betting sites. Of the $18.2 million in August revenue, only $2.8 million of that came from retail but more than $15.4 million from online. For the three casinos that have yet to set up online sports betting options for their customers – Hollywood Casino at Penn National, Mohegan Sun Lehigh Valley, and South Philly Race & Sportsbook – they are missing out on much-needed revenue.Land-Based and Internet Gaming in August 2020
The overall numbers were solid for Pennsylvania in August. While the pandemic remains a danger around the world, many people are either masking up or ignoring the risks to return to their normal gambling entertainment activities.
Not only did August present revenue growth from the previous month but also on a year-on-year basis.
The casinos with the largest YoY growth can attribute some of that to their online gaming launches within the last year. There were other factors as well. But it’s notable that Valley Forge was up more than 88% from August of 2019. Mount Airy was up more than 54% and Rivers Casino Philadelphia up nearly 40%.
–PA total gambling revenue in August 2020: $310,717,728
–prior month of July 2020: $283,051,763
–prior year of August 2019: $293,434,087
Year-on-year decrease: 5.89% increase
Month-on-month increase: 9.7% increase
The Pennsylvania Gaming Control Board reports total gaming and fantasy contests revenue for August was $310,71m, which represents an increase of almost 6% over revenue generated in August 2019 of $293,43m. @PAGamingControlhttps://t.co/VGa5nvFS3i
1 decade ago well you won’t be having that much fun, the drinking age and age to enter casinos race tracks and all other gambling establishments in Ontario (where Windsor is located) is 19. Aug 29, 2014 Legal gambling age in Canada. By Guest » Mon Apr 18, 2005 4:33 pm. What is the legal gambling age in Windsor, Im taking a road trip to Canada in 2 months with my friends and we are 19. I checkd the age for both drinking and gambling and its 18. What is the legal drinking and gambling age in Ontario, Canada, specifically Toronto. Windsor canada drinking and gambling age in aruba. The age requirement for getting into casinos in Canada corresponds to the drinking age and varies by province or territory. You must be 19 to enter a casino everywhere in Canada except Alberta, Manitoba, and Quebec where the admissible age is 18. This age requirement similarly applies to entrance to the restaurants and theatres within casinos.
— Chris Sieroty (@sierotyfeatures) September 16, 2020 Related Articles
Pennsylvania’s sports betting market continues to look merry and bright. Handle totaled about $492 million in November, down just 6.4% from the record $525.8 million set in October. Five months into the 2020/2021 fiscal year, Pennsylvania surpassed the $2 billion mark for handle.
November was the second-highest ever for handle in PA and marked the best month yet for sportsbooks in terms of overall revenue. The Commonwealth’s 10 online sportsbooks and 14 retail books combined for $37.4 million in gross (taxable) revenue, up a tick from the previous record of $36.8 million set the previous month.
Online wagering continues be the overwhelming preference of bettors, with 91% of bets placed at PA online sports betting apps, according to figures released by the Pennsylvania Gaming Control Board.
FanDuel online sportsbook remains the leader in PA again with taking $176.7 million, or 36.6% of the state’s wagers.Big month for revenue and taxes
NFL and college football betting fueled another big month for the books. $37.4 million in revenue represents a huge increase from $6.2 million in September 2020. Sportsbook apps also gave away $11.1 million in promotional credits, a nearly identical number to the previous month.
The state collected $12.7 million from sports betting taxes in November 2020, with another $747,005 for local taxes.
PA’s November numbers, and any other state with legalized sports betting, pales in comparison to neighboring New Jersey. They set the all-time high for handle in any state for the fourth straight month with $931.6 million.Pa State Gambling Revenue RefundFanDuel and DraftKings lead the pack in PA
FanDuel took 36% of all wagers which is a decrease from 41% in September. However, the market-leader broke the record for revenue for a PA online sportsbook in October ($14.7 million) and again in November ($15 million).
DraftKings surpassed the $100 million threshold for the third consecutive month with a handle of about $110 million. They also posted the highest revenue since their Nov. 2019 launch with $6.8 million in Nov. 2020.New sportsbooks in PA
The much-anticipated Barstool Sportsbook, through its partnership with Hollywood Casino, arrived in Pennsylvania in mid-September. In its third full month, Barstool took $55.86 million in wagers, a small decrease from about $61 million in October.
Barstool won’t be the baby of the books for much longer. There are rumors that BetMGM, which recently released its online casino is PA, will be rolling out its online sportsbook very soon.PA sports betting handle & revenue by operator in November 2020Sports Betting OperatorTotal HandleTotal RevenueOnline HandleOnline RevenueRetail HandleRetail RevenueValley Forge Casino (FanDuel)$180,056,254$15,428,575$176,746,119$15,060,960$3,310,135$367,615The Meadows Casino (DraftKings)$112,546,122$7,174,759$109,886,617$6,887,440$2,659,505$287,319Hollywood/Penn National (Barstool)$57,806,082$3,784,120$55,656,541$3,488,727$2,149,541$295,392Rivers Pittsburgh (BetRivers)$34,998,795$2,019,720$28,085,328$975,843$6,913,467$1,043,877Mount Airy Casino (Fox Bet)$28,902,526$1,575,915$28,067,087$1,539,392$835,439$36,523Parx Casino$28,529,299$3,563,619$19,371,783$2,054,563$9,157,516$1,509,056Rivers Philadelphia (PlaySugarHouse)$27,386,960$2,029,993$19,399,744$917,164$7,987,216$1,112,829Mohegan Sun Pocono (Unibet)$9,991,516$605,958$8,181,449$194,793$1,810,067$411,165Presque Isle Downs (BetAmerica)$4,610,010$378,802$957,165$8,632$3,652,845$370,170Harrah’s Philadelphia (Caesars)$3,328,342$418,773$1,066,617$58,141$2,261,726$360,632South Philly Race & Sportsbook$2,031,016$90,795$0$0$2,031,016$90,795Mohegan Sun Lehigh Valley$1,399,802$169,837$0$0$1,399,802$169,837Wind Creek$164,486$62,065$0$0$164,486$62,065Live! Casino Pittsburgh$159,503$47,317$0$0$159,503$47,317Total$491,910,713$37,350,246$447,418,449$31,185,656$44,492,263$6,164,590Other PA online sportsbooks in November:
*Barstool (Hollywood Casino): $55.6 million in handle (down from $60.9 million), $3.5 million in revenue
*Fox Bet (Mount Airy): $28 million in handle (down from $28.2 million), $1.5 million revenue
*Rivers Casino Pittsburgh: $28 million in handle (up from $26 million), $975,843
*Parx online sportsbook: $19.4 million in handle (down from $21.7 million), $2 million revenue
*Rivers Casino Philadelphia: $19.4 million in handle (down from $21.4 million), $917,164 revenue
*Unibet (Mohegan Sun Pocono): $8.1 million (down from $9.8 million), $194,793 revenue
*Caesars Sportsbook (Harrah’s): $1 million in handle (up from $1 million), $58,141 revenue
*Bet America (Presque Isle Downs): $957,165 in handle (up from $912,236), $8,632 revenueTwo-years and counting for PA sports betting
Last month, Pennsylvania celebrated the second anniversary of the start of legal sports betting in Pennsylvania. Hollywood Casino launched Pennsylvania’s first legal sportsbook with partner William Hill on Nov. 17, 2018.
The PA sports betting industry is officially blossoming into maturity. Since its birth two years ago, the sports betting industry has experienced quite a growth spurt in terms of operators and handle.
*2018-19: $244.6 million
*2019-20: $2.5 billion
*2020-21: $2 billion (five months)
PGCB Director of Communication Doug Harbach commented to PlayPennsylvania about the burgeoning sports betting market after its two-year anniversary:Las Vegas Gambling Revenue
“The type of customer and revenue growth in this gaming segment is similar to that seen other segments. Particular to sports wagering, certainly the rapid increase in the number of operators is the chief reason. The effective marketing of the operators then produces an exponential uptick in the total potential customers in their databases which, combined with an increased comfort from gamblers in participating in sports wagering in Pennsylvania, leads to growth in the amount of wagering. Finally, the parallel competition of major sports, particularly professional and college football is certainly driving the record handle and revenue numbers seen in the last few months.”PA sports betting: How it started, how it’s goingNovember 2018 November 2020Handle$1.4 million$491.9 millionRevenue$508,997$37.3 millionRetail operators114Online operators0 10Pa State Gambling Revenue Laws2020 PA sports betting handle, revenue and taxes
Here’s a look at top-line numbers for PA sports betting since the start of 2020. Tax revenue includes the 34% state tax and 2% in local taxes.Pa State Gambling Revenue ReportingTotal HandleTotal Gross RevenueTax Revenue (36%)Jan. 2020$348.4 million$22.8 million $8.2 million Feb. 2020$329.8 million$4.7 million$1.7 million March 2020$131.3 million$6.9 million$2.5 millionApril 2020$46.0 million$2.9 million$1.0 millionMay 2020$77.5 million$4.8 million$1.7 millionJune 2020$89.0 million$6.7 million$2.4 millionJuly 2020$164.8 million$8.1 million$2.9 millionAugust 2020$365.0 million$18.3 million$6.6 millionSept. 2020$462.8 million$6.3 million$2.3 millionOct. 2020$525.8 million$36.8 million$13.2 millionNov. 2020$491.9 million$37.4 million$13.4 millionNovember fantasy figures
In November, fantasy operators combined to report about $27 million in revenue, a decrease from $28.6 in October. DraftKings ($16.9 million) and FanDuel ($9.8 million) make up the lion’s share of DFS action in PA.
Lead image credit: AP Photo/Matt Rourke
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Pennsylvania gambling numbers a rare bright spot for state revenue. Pennsylvania joined an exclusive club this week when the state’s Gaming Control Board announced sportsbooks took $525.8 million in bets last month. Not only is that a record amount, surpassing the $462.8 million wagered in September, but Pennsylvania joined Nevada and New Jersey as the only states to break the half-billion dollar barrier for a month. The state ended up being a big winner because of the activity. The retail sportsbooks and mobile sports betting applications reported $36.8 million in gross revenues, and the state received $12.5.By
September 20th, 2020 | Last updated on September 20th, 2020Home » Poker News » Pennsylvania iGaming Repeats July Trend in August
The story of Pennsylvania internet gaming in its barely year-old history is a positive one. Not only did it add revenue to the state’s gambling sector, it came in handy during the coronavirus pandemic. Pennsylvania was one of only three states with fully-operational internet gaming, including online poker, this year when all casinos throughout the United States – and in most parts of the world – shut down per health and government official orders.
In that light, Pennsylvania igaming is a stand-out part of the gambling industry for the state. Further, its overall numbers that soared during the land-based casino closures remain very solid overall.
Sports betting is back on the rise, internet slots and table games increased again in August, and land-based casinos started to get their grooves back.
Online poker remains a bit of an odd bird. There is still only one online poker site in the Pennsylvania market among 11 casino operators. PokerStars launched in November 2019 and remains the only choice for poker customers.
And while its revenue also soared for a few months in the first and second quarters of 2020, revenue continued on a downward trend in August.
Per the numbers from the Pennsylvania Gaming Control Board, let’s dig a little deeper.Single-Site Market of Online Poker – August 2020
For many months, rumors swirled that PartyPoker and WSOP.com were prepared to enter the Pennsylvania online poker market. Of course, no company made any sort of announcement. Consequently, neither site launched yet, and it’s almost October.
Meanwhile, PokerStars continues to operate without competition. It also operates in such a small market at this point that it has little leverage to petition state lawmakers to enter into the multi-state online poker agreement that would allow liquidity. That deal would allow PokerStars – and others, eventually – to link the Pennsylvania player pools to the ones in New Jersey.
While all of those possibilities hang out there in the wind, PokerStars operates by its lonesome. And revenue dropped again from July to August.
–PA online poker revenue in August 2020: $2,729,199 (8.6% decrease)
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–July 2020: $2,986,498 (7.9% decrease)
–June 2020: $3,240,917 (29.5% decrease)
–May 2020: $4,596,418 (12.5% decrease)
–April 2020: $5,253,304 (67.7% increase)
–March 2020: $3,133,019 (71.2% increase)
–February 2020: $1,830,356 (15.2% decrease)
–January 2020: $2,157,266 (12.8% decrease)
–December 2019: $2,473,137 (25.8% increase)
–November 2019: $1,965,494
For a more accurate picture, we can look at the average revenue per day:
–PA average online poker revenue per day in August 2020: $90,973.30 (5.6% decrease)
–July 2020: $96,338.65 (10.8% decrease)
–June 2020: $108,030.56 (271% decrease)
–May 2020: $148,271.55 (15.3% decrease)
–April 2020: $175,110.13 (73.3% increase)
–March 2020: $101,065.13 (60.1% increase)
–February 2020: $63,115.72 (9.3% decrease)
–January 2020: $69,589.23 (10.5% decrease)
–December 2019: $77,778.61 (1.1% decrease)
–November 2019: $78,619.76Eleven-Site Market of iGaming – August 2020
Online poker may be stuck with only one operator, but online casinos – slots and table games – had 11 operators in August, up one from July due to Live! Casino Philadelphia launching its site.
As usual, internet slots were about three times as popular as table games, but both combined to show growth in monthly revenue. And this growth happened in spite of land-based casinos increasing their customer capacity and welcoming more players back to their properties.
Rivers Casino Philadelphia continued to lead all other properties for igaming by at least a two-to-one margin, with Valley Forge holding a solid second place of the 11 contenders. This month, though, Parx Casino moved into third, pushing Mount Airy to fourth.
–PA internet gaming revenue in August 2020: $55,942,525 (2.9% increase)
–July 2020: $54,352,149 (8.6% increase)
–June 2020: $50,055,251 (10.4% decrease)
–May 2020: $55,838,789 (29.7% increase)
–April 2020: $43,067,881 (77.5% increase)
–March 2020: $24,265,820 (24.5% increase)
–February 2020: $19,490,815 (39.6% increase)
–January 2020: $13,957,539
In August, internet gaming contributed tax revenue of $24,010,433 to the state of Pennsylvania.
High participation in sports betting and internet gaming causes a year-over-year spike in gaming revenue for Pennsylvania casinos in August. https://t.co/tWcAvDjh0H Manhattan slots casino $50 no deposit bonus 2019.
— Pittsburgh Business Times (@PghBizTimes) September 19, 2020Twelve-Site Sports Betting Sector – August 2020
With the return of some sports after the pandemic shutdowns, bettors returned in droves to the retail and online sports betting sites. Numbers have been rising since its low point in April, when the vast majority of sports stopped and their futures were in limbo.
As athletes play again, bettors place their wagers, and the numbers reflect it.
The handle numbers were:
–PA sports betting handle in August: $364,985,422 (121.5% increase)
–July 2020: $164,782,229 (85.1% increase)
–June 2020: $89,002,562 (14.8% increase)
–May 2020: $77,510,033 (68.4% increase)
–April 2020: $46,015,988 (185.4% decrease)
–March 2020: $131,330,059 (60.2% decrease)
–February 2020: $329,765,782 (7.5% decrease)
–January 2020: $348,381,708Pennsylvania State Gaming Revenue
Pennsylvania sets a new monthly high for sports betting handle in the state with $365 million wagered in Aug. 2020.
It tops the previous high of $348.3 million in Jan. 2020
— Ben Fawkes (@BFawkes22) September 16, 2020
Revenue increases started to catch up to the rate of handle growth in August:
–PA sports betting revenue in August 2020: $18,274,075 (124.3% increase)
–July 2020: $8,147,480 (22.3% increase)
–June 2020: $6,660,158 ($37.9% increase)
–May 2020: $4,828,989 (67.5% increase)
–April 2020: $2,883,471 (1.4% decrease)
–March 2020: $6,889,255 (45.9% increase)
–February 2020: $4,722,252 (79.3% decrease)
–January 2020: $22,841,213
Also, of note, the vast majority of revenue from sports betting came from online betting sites. Of the $18.2 million in August revenue, only $2.8 million of that came from retail but more than $15.4 million from online. For the three casinos that have yet to set up online sports betting options for their customers – Hollywood Casino at Penn National, Mohegan Sun Lehigh Valley, and South Philly Race & Sportsbook – they are missing out on much-needed revenue.Land-Based and Internet Gaming in August 2020
The overall numbers were solid for Pennsylvania in August. While the pandemic remains a danger around the world, many people are either masking up or ignoring the risks to return to their normal gambling entertainment activities.
Not only did August present revenue growth from the previous month but also on a year-on-year basis.
The casinos with the largest YoY growth can attribute some of that to their online gaming launches within the last year. There were other factors as well. But it’s notable that Valley Forge was up more than 88% from August of 2019. Mount Airy was up more than 54% and Rivers Casino Philadelphia up nearly 40%.
–PA total gambling revenue in August 2020: $310,717,728
–prior month of July 2020: $283,051,763
–prior year of August 2019: $293,434,087
Year-on-year decrease: 5.89% increase
Month-on-month increase: 9.7% increase
The Pennsylvania Gaming Control Board reports total gaming and fantasy contests revenue for August was $310,71m, which represents an increase of almost 6% over revenue generated in August 2019 of $293,43m. @PAGamingControlhttps://t.co/VGa5nvFS3i
1 decade ago well you won’t be having that much fun, the drinking age and age to enter casinos race tracks and all other gambling establishments in Ontario (where Windsor is located) is 19. Aug 29, 2014 Legal gambling age in Canada. By Guest » Mon Apr 18, 2005 4:33 pm. What is the legal gambling age in Windsor, Im taking a road trip to Canada in 2 months with my friends and we are 19. I checkd the age for both drinking and gambling and its 18. What is the legal drinking and gambling age in Ontario, Canada, specifically Toronto. Windsor canada drinking and gambling age in aruba. The age requirement for getting into casinos in Canada corresponds to the drinking age and varies by province or territory. You must be 19 to enter a casino everywhere in Canada except Alberta, Manitoba, and Quebec where the admissible age is 18. This age requirement similarly applies to entrance to the restaurants and theatres within casinos.
— Chris Sieroty (@sierotyfeatures) September 16, 2020 Related Articles
Pennsylvania’s sports betting market continues to look merry and bright. Handle totaled about $492 million in November, down just 6.4% from the record $525.8 million set in October. Five months into the 2020/2021 fiscal year, Pennsylvania surpassed the $2 billion mark for handle.
November was the second-highest ever for handle in PA and marked the best month yet for sportsbooks in terms of overall revenue. The Commonwealth’s 10 online sportsbooks and 14 retail books combined for $37.4 million in gross (taxable) revenue, up a tick from the previous record of $36.8 million set the previous month.
Online wagering continues be the overwhelming preference of bettors, with 91% of bets placed at PA online sports betting apps, according to figures released by the Pennsylvania Gaming Control Board.
FanDuel online sportsbook remains the leader in PA again with taking $176.7 million, or 36.6% of the state’s wagers.Big month for revenue and taxes
NFL and college football betting fueled another big month for the books. $37.4 million in revenue represents a huge increase from $6.2 million in September 2020. Sportsbook apps also gave away $11.1 million in promotional credits, a nearly identical number to the previous month.
The state collected $12.7 million from sports betting taxes in November 2020, with another $747,005 for local taxes.
PA’s November numbers, and any other state with legalized sports betting, pales in comparison to neighboring New Jersey. They set the all-time high for handle in any state for the fourth straight month with $931.6 million.Pa State Gambling Revenue RefundFanDuel and DraftKings lead the pack in PA
FanDuel took 36% of all wagers which is a decrease from 41% in September. However, the market-leader broke the record for revenue for a PA online sportsbook in October ($14.7 million) and again in November ($15 million).
DraftKings surpassed the $100 million threshold for the third consecutive month with a handle of about $110 million. They also posted the highest revenue since their Nov. 2019 launch with $6.8 million in Nov. 2020.New sportsbooks in PA
The much-anticipated Barstool Sportsbook, through its partnership with Hollywood Casino, arrived in Pennsylvania in mid-September. In its third full month, Barstool took $55.86 million in wagers, a small decrease from about $61 million in October.
Barstool won’t be the baby of the books for much longer. There are rumors that BetMGM, which recently released its online casino is PA, will be rolling out its online sportsbook very soon.PA sports betting handle & revenue by operator in November 2020Sports Betting OperatorTotal HandleTotal RevenueOnline HandleOnline RevenueRetail HandleRetail RevenueValley Forge Casino (FanDuel)$180,056,254$15,428,575$176,746,119$15,060,960$3,310,135$367,615The Meadows Casino (DraftKings)$112,546,122$7,174,759$109,886,617$6,887,440$2,659,505$287,319Hollywood/Penn National (Barstool)$57,806,082$3,784,120$55,656,541$3,488,727$2,149,541$295,392Rivers Pittsburgh (BetRivers)$34,998,795$2,019,720$28,085,328$975,843$6,913,467$1,043,877Mount Airy Casino (Fox Bet)$28,902,526$1,575,915$28,067,087$1,539,392$835,439$36,523Parx Casino$28,529,299$3,563,619$19,371,783$2,054,563$9,157,516$1,509,056Rivers Philadelphia (PlaySugarHouse)$27,386,960$2,029,993$19,399,744$917,164$7,987,216$1,112,829Mohegan Sun Pocono (Unibet)$9,991,516$605,958$8,181,449$194,793$1,810,067$411,165Presque Isle Downs (BetAmerica)$4,610,010$378,802$957,165$8,632$3,652,845$370,170Harrah’s Philadelphia (Caesars)$3,328,342$418,773$1,066,617$58,141$2,261,726$360,632South Philly Race & Sportsbook$2,031,016$90,795$0$0$2,031,016$90,795Mohegan Sun Lehigh Valley$1,399,802$169,837$0$0$1,399,802$169,837Wind Creek$164,486$62,065$0$0$164,486$62,065Live! Casino Pittsburgh$159,503$47,317$0$0$159,503$47,317Total$491,910,713$37,350,246$447,418,449$31,185,656$44,492,263$6,164,590Other PA online sportsbooks in November:
*Barstool (Hollywood Casino): $55.6 million in handle (down from $60.9 million), $3.5 million in revenue
*Fox Bet (Mount Airy): $28 million in handle (down from $28.2 million), $1.5 million revenue
*Rivers Casino Pittsburgh: $28 million in handle (up from $26 million), $975,843
*Parx online sportsbook: $19.4 million in handle (down from $21.7 million), $2 million revenue
*Rivers Casino Philadelphia: $19.4 million in handle (down from $21.4 million), $917,164 revenue
*Unibet (Mohegan Sun Pocono): $8.1 million (down from $9.8 million), $194,793 revenue
*Caesars Sportsbook (Harrah’s): $1 million in handle (up from $1 million), $58,141 revenue
*Bet America (Presque Isle Downs): $957,165 in handle (up from $912,236), $8,632 revenueTwo-years and counting for PA sports betting
Last month, Pennsylvania celebrated the second anniversary of the start of legal sports betting in Pennsylvania. Hollywood Casino launched Pennsylvania’s first legal sportsbook with partner William Hill on Nov. 17, 2018.
The PA sports betting industry is officially blossoming into maturity. Since its birth two years ago, the sports betting industry has experienced quite a growth spurt in terms of operators and handle.
*2018-19: $244.6 million
*2019-20: $2.5 billion
*2020-21: $2 billion (five months)
PGCB Director of Communication Doug Harbach commented to PlayPennsylvania about the burgeoning sports betting market after its two-year anniversary:Las Vegas Gambling Revenue
“The type of customer and revenue growth in this gaming segment is similar to that seen other segments. Particular to sports wagering, certainly the rapid increase in the number of operators is the chief reason. The effective marketing of the operators then produces an exponential uptick in the total potential customers in their databases which, combined with an increased comfort from gamblers in participating in sports wagering in Pennsylvania, leads to growth in the amount of wagering. Finally, the parallel competition of major sports, particularly professional and college football is certainly driving the record handle and revenue numbers seen in the last few months.”PA sports betting: How it started, how it’s goingNovember 2018 November 2020Handle$1.4 million$491.9 millionRevenue$508,997$37.3 millionRetail operators114Online operators0 10Pa State Gambling Revenue Laws2020 PA sports betting handle, revenue and taxes
Here’s a look at top-line numbers for PA sports betting since the start of 2020. Tax revenue includes the 34% state tax and 2% in local taxes.Pa State Gambling Revenue ReportingTotal HandleTotal Gross RevenueTax Revenue (36%)Jan. 2020$348.4 million$22.8 million $8.2 million Feb. 2020$329.8 million$4.7 million$1.7 million March 2020$131.3 million$6.9 million$2.5 millionApril 2020$46.0 million$2.9 million$1.0 millionMay 2020$77.5 million$4.8 million$1.7 millionJune 2020$89.0 million$6.7 million$2.4 millionJuly 2020$164.8 million$8.1 million$2.9 millionAugust 2020$365.0 million$18.3 million$6.6 millionSept. 2020$462.8 million$6.3 million$2.3 millionOct. 2020$525.8 million$36.8 million$13.2 millionNov. 2020$491.9 million$37.4 million$13.4 millionNovember fantasy figures
In November, fantasy operators combined to report about $27 million in revenue, a decrease from $28.6 in October. DraftKings ($16.9 million) and FanDuel ($9.8 million) make up the lion’s share of DFS action in PA.
Lead image credit: AP Photo/Matt Rourke
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