In the short history of sports betting in Pennsylvania, the month of June saw 3 PA Sportsbooks venture into the online/mobile sports betting vertical.
Interest in PA online sports betting revenue is at an all-time high with the launch of online/mobile sportsbooks. Especially with iOS app access finally launching in the state.
The Pennsylvania Gaming Control Board recently released the revenue results from June 2019. The is the first full month for the SugarHouse online sportsbook and Android mobile app. However, BetRivers and Parx did not go live until June 24.
The state saw a handle increase of over $10 million from May, which included a sportsbook with a full month of online access and two others with less than a week each. Hopes are very high for high for the upcoming football season as rumors swirl of a pending FanDuel Sportsbook PA launch.
|PA Sportsbook||Total Handle||Total Revenue||Gross Revenue (Taxable)||Taxes|
|Hollywood Casino||$2.4 million||$83.5k||$83.5k||$28.4k|
Retail - $6.2 million
Online - $848.5k (Launched June 24)
Online - $81k
Retail - $247.3k
Online - ($114k)
Retail - $84.1k
Online - (-39k)
|SugarHouse Casino||$23.3 million|
Retail - $5.16 million
Online - $18.17 million
Online - $46.7k
Retail - $467k
Online - $465k
Retail - $158.8k
Online - $158.1k
|Parx Casino||$5.5 million|
Retail - $5.175 million
Online - $307k (Launched June 25)
Online - $46.6k
Retail - $367.2k
Online - $28.2k
Retail - $124.8k
Online - $6.2k
|South Philadelphia Race and Sportsbook||$2.46 million||$161k||$161k||$54.7k|
|Valley Forge Casino||$2.3 million||$149.6k||$149.6k||$50.8k|
|Oaks Race and Sportsbook||$1.05 million||$76.6k||$76.6k||$26k|
|Grand Total||$46.3 million|
Retail - $27 million
Online - $19.3 million
Online - $1.4 million
Retail - $1.68 million
Online - $369k
Retail - $573.8k
Online - $125.5k
SugarHouse Sportsbook PA Revenue
In comparing the May sports betting revenue report to June, the SugarHouse sports betting total handle increased from just under $8 million to over $23 million in June.
Here is how SugarHouse breaks down. Keep in mind that Pennsylvania has a 34 percent tax on sports betting revenues:
– Total Handle: $23.3 million ($5.1 million retail; $18.1 million online)
– Total Gross Revenue: $932k ($467k retail; $465k online)
BetRivers & Parx Sportsbook Revenue
Other online sportsbooks like BetRivers and Parx also saw some great revenues adding online, but Rivers did have an online gross revenue in the red, close to $115k.
Of course, losing money is never a good thing, but this did not go live until June 24. Additionally, BetRivers did see a decline in overall handle, too. This will obviously improve with a full month of action, just look at SugarHouse and their success.
Parx Sportsbook saw a dip in total handle going from May to June, but they did get over $300k in handle added, with just an $18k gross revenue.
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