Pennsylvania sports betting revenue declines in May

Figures released by the Pennsylvania Gaming Control Board (PGCB) indicate that sports betting handle and revenue saw a decline in May.

According to the figures, the state’s sportsbooks took a total of $35.9m in sports wagers, a slight decrease on the $36.7m wagered in April.

Revenue also took a hit last month with sportsbooks generating $2.8m in sports betting revenue which was down from $4.2m in April.

The Keystone State also launched online and mobile betting in May. SugarHouse completed a full launch its online and mobile sports betting platform on 31 May.

The PGCB’s figures include online wagers at SugarHouse which totalled $573,163 across the online sportsbooks live testing days before its full launch. This resulted in the sportsbook generating $38,753 from online wagers.

Breaking down the figures

Thanks to the launch of its online betting platform, SugarHouse Casino was the highest performing sportsbook in May. Land-based handle totalled $7.3m while online wagers contributed an additional $573,163. In terms of revenue the casino held on to $711,845.

Rivers Casino followed close behind after handling $7.9m in sports bets which translated to $641,029 in betting revenue.

The third highest performing bookie, Parx Casino, took $6.8m in sports wagers and held onto $639,922.

The FanDuel branded sportsbook at the Valley Forge Casino Resort came in at fourth place last month with a handle of $2.7m and $240,766 in revenue. This was followed by Hollywood Casino at Penn National which took $3.8m in bets and held onto $210,637.

The sportsbook at the South Philadelphia Turf Club took $2.7m in wagers and generated $168,815 in revenue.

Harrah’s Philadelphia took $2.5m in bets and held onto $138,094, while Oaks Race and Sportsbook handled $1.3m in bets and generated $110,744 in revenue.

Online betting goes live in Pennsylvania

Last month saw the launch on online and mobile sports betting in Pennsylvania.

At the moment, the only operator in the state to offer online wagering is the SugarHouse branded site, PlaySugarHouse.com.

SugarHouse began the testing of its online sportsbook on 28 May and concluded testing on 30 May, with the site and app officially launching on 31 May.

With several other sportsbooks poised to launch online sports betting in the coming months, it’s only a matter of time until online betting takes off in the Keystone State.

Online betting has proven to be one of the key aspects of running a healthy sports betting market. In the state of New Jersey, more than 80% of sports wagers are placed online or on mobile devices.

For an in-depth look at each state’s sports betting statistics visit the BettingUS stats page.

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