PA sports betting handle hits record $615.3m in January

Pennsylvania’s sportsbooks processed a record number of sports wagers in January 2021.

According to the latest figures from the Pennsylvania Gaming Control Board (PGCB) sportsbooks in the Keystone State processed $615.3m in sports bets in January, up from the previous record of $548.6m in December.

More than 94% of the bets placed in the Keystone State were placed online via betting sites and mobile sportsbooks. According to the state report, online sports betting handle hit $580m.

In terms of revenue, sportsbooks generated $33.9m in gross revenue, however, this was down from the $34.1m generated in December. Sportsbooks in the state paid $11.5m in taxes to the state regulator.

Pennsylvania sportsbooks issued $15m in promotional credits to bettors, which brought gross revenue down to $29.9m. 

How did each operator perform?

Valley Forge Casino Resort, which hosts the FanDuel sportsbook, continued to lead the market in January after processing $223.3m in total bets and generating $14.5m in taxable revenue.

Meadows and its DraftKings-branded sportsbook took second place in January after generating $7.7m in revenue from $145.2m on bets.

Parx Casino, which hosts the Parx sportsbook, generated $1.8m in revenue from $28.8m in bets making it the third-highest performing operator in terms of revenue. However, when it came to betting handle, Hollywood Casino and its Barstool Sportsbook processed $66.5m in bets and held onto $1.1m in revenue.

Online gambling revenue hits high for seventh consecutive month

Pennsylvania’s online gambling market also recorded revenue growth for the seventh month in a row.

Online gambling revenue hit $80.4m in January, breaking the previous record of $71.6m that was set in December.

Online slots made up the majority of revenue, with the vertical generating a total of $51m in revenue. Online table games revenue amounted to $26.7m while online poker generated $2.7m in revenue.

Penn National Gaming, which hosts the DraftKings online casino and its own Penn-branded casino, dominated the market after generating $27.6m from online casino gambling. 

Rivers Casino Philadelphia, which hosts the Rush Street Interactive brand, took second place with $21m in revenue. Meanwhile, the Valley Forge Casino and its FanDuel-branded casino generated $14.7m.

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