Pennsylvania Sports Betting Revenue Report

Pennsylvania Sportsbooks Double Revenue In March

According to a recent report released by the Pennsylvania Gaming Control Board, Pennsylvania’s sportsbooks handled $714.96M in wagers for $48.51M in revenue.
The $48.51 million in March sports betting revenue was more than double Pennsylvania’s figure from February when sportsbooks generated just $22.16 million in revenue.

HARRISBURG, Pa. – Pennsylvania’s sportsbooks had another solid month in March, according to a new report released by the Pennsylvania Gaming Control Board.

Pennsylvania Doubles Revenue Month-Over-Month

In March, sportsbooks in Pennsylvania handled a combined $714.96 million in wagers, up over $100 million from February’s total handle of $597 million.

March also marked the fifth time in the last six months that Pennsylvania’s monthly sports betting handle surpassed $700 million, according to data in the report.

From a sports betting revenue standpoint, Pennsylvania brought in $48.51 million in March, more than doubling their February mark of $22.16 million.

The increased revenue figure coincided with a drop in promotional spending, falling from $22.6 million in February to $18.1 million in March.

Pennsylvania’s sportsbooks contributed $10.33 million in state taxes and a bit over $608,000 in local taxes in March.

Online Sportsbooks Continue To Dominate, Valley Forge Paces Operators

Of the nearly $715 million combined March legal sports betting handle in Pennsylvania, $666.98 million came from online sportsbooks, with $47.99 million coming from retail sportsbooks.

Online sportsbooks also generated the vast majority of the combined revenue figure – $43.54 million – with the remainder, approximately $4.96 million, coming from retail sportsbooks.

The Pennsylvania sportsbook operator to report the largest sports betting handle in March was the Valley Forge Casino, with $269.05 million in wagers handled.

This led to a revenue figure of $22.02 million for March. The vast majority of these totals came from their online sportsbook: $267.06 million was handled via their online sportsbook, with their retail sportsbook handling $1.98 million in wagers.

Hollywood Casino at the Meadows placed second among operators for March with $166.21 million in handle and $6.87 million in revenue. Hollywood Casino Morgantown rounded out the top three with $75.21 million handled and $5.72 million in revenue for March.

News tags: Hollywood Casino at the Meadows | Hollywood Casino Morgantown | Pennsylvania | Pennsylvania Gaming Control Board | Valley Forge Casino

Jerad Paparella

Jerad has been a welcomed addition to the LegalSportsBetting.com writing team. Covering topics regarding the expansion of sports betting in the US, Jerad focuses on legislative efforts, bill signings and other methods for sports betting legalization. Finishing his education as a college baseball player, Jerad has first-hand knowledge of competitive sports, paired with years of personal sports betting as well. As a political science major at the University of Central Florida, Jerad covers the political, legal, and legislative aspects of sports gambling without any issues.

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Author: Jeffrey Fisher