PA sports betting market begins to recover in May

Pennsylvania’s sports betting market reported decent figures in May given the current state of the sporting world.

According to the latest figures from the Pennsylvania Gaming Control Board (PGCB), bettors in the state wagered $77.5m on sports in May, up from the $46m wagered the month prior.

Due to the state-wide closure of non-essential businesses and the temporary closure of the state’s casinos, all of the bets made in April were placed via online and mobile betting platforms.

In terms of revenue, the state’s operators generated $4.8m in sports betting revenue, up from the $3.2m generated in April.

Breaking down the figures

Looking closer at the figures, FanDuel and DraftKings continued to dominate the state’s sports betting market.

FanDuel, which serves the state through a partnership with Valley Forge Casino, processed $29.6m in sports wagers and managed to hold on to $2.5m.

DraftKings, which operates under a licence with Meadows, generated over $900,000 in revenue from $21.7m in sports bets.

Both sports betting brands processed a combined total of $51.3m, representing two-thirds of the state’s total betting handle in May.

Rivers Philadelphia came in third place with $457,952 in sports betting revenue, while Fox Bet, which operates under Mount Airy’s licence, came in fourth place with $351,876 in revenue.

Online casino continues to grow in PA

With no land-based casino gambling, online casino gambling in the state of Pennsylvania continued to grow in May.

Online gambling in the state generated $55.8m in revenue up from the $43m generated in April.

Table games accounted for $12.4m in revenue, online slots generated $38.8m in revenue and poker generated $4.6m.

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