The numbers are in! Pennsylvania’s first month with football bets is in the books, and let’s put it this way. Pennsylvanians love to bet on sports!
PA Sportsbooks took over $109,000,000 in wagers for the month of August, but ended up with roughly $10 million in revenue from sports wagering.
August Revenue By The Numbers
August Sports Betting Handle: $109,038,051
August Sports Betting Revenue: $9,887,748
August Sports Betting Taxes Earned: $2,201,406
Valley Forge (FANDUEL) holds the crown for August, as it took $37,822,688 in handle, had $3,117,801 in revenue and put forth just under $800,000 in taxes for the state.
iPhone Sports Betting App Impact
We have seen it in other states, and Pennsylvania seems to be the same way. Mobile sports betting is king yet again.
Over 75% of the total bets taken in Pennsylvania came in via mobile betting. Expect that to move closer to 80%, as New Jersey is well over 80% for the time being. As more and more options are available, the needle moves more and more.
In August, $83,209,317 was wagered online/mobile in PA, while just $25,828,374 was wagered at the actual sportsbooks’ retail operations.
From July to August, online sports wagering jumped from $39M to $83M, nearly a 55% jump. Expect that to happen more and more as the casinos and their new applications join Pennsylvania, and we get deeper into football season.
Overall, $270.9M of $413M has been wagered in retail. But as we know, mobile betting has only been around for a few months. In just the last two months, we’ve seen over $120M in handle come in via online and mobile betting.
Expect the number for retail sportsbooks to fall grossly behind mobile betting by the end of the calendar year, at the latest.
FanDuel Sportsbook #1 in PA
As you saw above, Valley Forge holds the August crown with over $37.8M in betting handle, and that is with FanDuel Sportsbook as its online/mobile operator. FanDuel brought home over a third of the total state wagering handle.
FanDuel now has the crown as the king of Pennsylvania (metaphorically speaking, of course), taking over SugarHouse, who was atop the ranks for a short time given they were the first in the market. SugarHouse finished August with $30.4M in betting handle. A solid month, but FanDuel will just take over from here.
Here’s a look at each casino’s numbers for August:
|Casino||Betting Handle||Betting Revenue||Taxes Earned By State|
|Valley Forge (FanDuel)||$37,822,688||$3,117,801||$798,391|
|Hollywood Online Casino||$2,055,786||$309,171||$111,301|
|Presque Isle Downs (BetAmerica PA)||$1,197,553||$282,384||$101,659|
This is just the beginning. With Week 1 of NFL occurring in September, expect those numbers to be massive. Not to mention college football, the MLB playoff race, and more.
Want to see the full report from the Pennsylvania Gaming Control Board? Read here.
PA SPORTS BETTING APPS
- PA Sportsbooks Take Nearly 90% of Sports Bets Online in February - March 19, 2020
- Caesars Online Sportsbook PA is Live – Online Casino and Poker Next - March 11, 2020
- DraftKings March Mania Survivor Pool: $250K in Prizes &Student Loan Forgiveness - March 10, 2020