Pennsylvania sportsbooks process $560.3m in bets in March

The Keystone State’s sports betting market saw an increase in betting handle in March following a dip in February.

According to figures from the Pennsylvania Gaming Control Board (PGCB) bettors in the state wagered $560.3m on sports in March.

March’s betting handle was up from the $509.5m wagered in February but was lower than the record $615.3m wagered in January.

The majority of the state’s handle came from online betting after bettors in the state wagered $514.3m via online and mobile sportsbooks.

Sportsbooks in the state managed to generate $41m in revenue from sports betting. In March, promotional spending dropped to $11.6m from $16.8m in February.

After accounting for the promotional spend, operators managed to generate a combined $29.4m in taxable betting revenue. Of this, $9.9m was allocated to state coffers.

How each operator performed

The Valley Forge Casino license, which hosts the FanDuel sportsbook, processed $205.9m in bets and held onto $9.9m in taxable revenue. This made FanDuel the highest performing sportsbook operator for the month of March. Bettors wagered $202.8m via FanDuel’s online sportsbook.

DraftKings, which operates under the Meadows license, took second place after processing $118.4m in bets, $116.6m of this came from online bets. The operator managed to generate $6.3m in taxable revenue after subtracting the $1.6m spent on promotional credits.

Penn National Gaming’s Barstool Sportsbook, which operates under the Hollywood Casino license, took third place in March. The Barstool sportsbook took $65m in bets and managed to generate $3.7m in taxable revenue after spending $2.8m on promotional credit.

Meanwhile, Rush Street Interactive’s BetRivers brand, which operates sportsbooks at casinos in Pittsburgh and Philadelphia, processed $54.9m in bets and managed to generate $3.5m in taxable revenue.

Where does Pennsylvania sit in the national picture?

In February, Pennsylvania was overtaken by Illinois in terms of its monthly betting handle.

However, now that the in-person registration requirement has returned to Illinois, the state could see its rapid growth come to a halt, paving the way for Pennsylvania to retake its spot.

So far in March, New Jersey has taken $859m in bets, Indiana has taken $316.7m in bets and Iowa sportsbooks have processed $161.4m.

West Virginia has taken $42.8m in sports bets in March while, Delaware has processed $6.7m in March bets.

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