Hollywood Casino

Sportsbooks in Pennsylvania generated over $2.6m in revenue in January

In January, the state of Pennsylvania wagered just over $32m on sporting events.

According to figures released by the Pennsylvania Gaming Control Board (PGCB) sportsbooks in the state generated just over $2.6m on those bets. This is a very small increase compared to December’s sports betting figures.

The figures show that the sportsbook at the SugarHouse Casino in Philadelphia was the most popular among bettors, taking $10.7m in wagers. Although this was the most popular sportsbook, the venue only held onto $103,523.

Rivers Casino in Pittsburgh proved to be another popular venue for sports betting in Pennsylvania. The venue took $9.5m in bets and generated $853,316 in revenue.

Parx Casino reported strong figures considering that the casino launched its sportsbook halfway through the month. Over $5.3m was bet on sports at Parx, out of this the casino held onto $1.1m.

The Hollywood Casino at Penn National Race Course accepted $4.8m in sports bets and held onto $284,624.

The South Philadelphia Turf Club took $858,130 in bets and held on to just $91,835.

Harrah’s Philadelphia took $615,704 in bets, the lowest sports betting handle reported in the state. In terms of sports betting revenue, Harrah’s held on to $103,569.

It’s worth mentioning that Parx Casino, the South Philadelphia Turf Club and Rivers Casino launched sports betting operations part way through January and that a full month of sports betting at these venues could look different.

In terms of taxation, the state received a total of $938,597 in revenue.

Once the state decides to go ahead with mobile and online sports betting it is likely that we will see a massive increase in the amount wagered on sports.

In New Jersey, over $385m was bet on sports in January. Online and mobile sports betting accounted for about 80% of total sports betting handle with just under $305m being bet on sports remotely.

Online and mobile sports betting is quickly becoming one of the most popular ways to bet on sports in the US.

For an in-depth look at each state’s sports betting statistics check out our stats page.

 

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