PA sports betting revenue reports from the Pennsylvania Gaming Control Board were released on Tuesday of this week. As expected, the overall sports betting handle and revenue decreased from the March sports betting revenue report. Over the past 10 years, Las Vegas sportsbooks have experienced a 30-50% decrease in overall handle from April to August. Hence, these numbers are in-line for PA Sports Betting.
1. April 2019 Sports Betting Handle: $36,769,145 (down from $44.5M in March)
2. April 2019 Total Revenue: $4,221,482 (down from $5.5M in March)
Since November 2018, Pennsylvania has taken in over $160 million in wagers, profiting nearly $17 million with the state seeing close to $6 million.
However, when you keep in mind the licensing fees for the state, PA has actually brought in closer to $100 million.
PA Online Sports Betting Details
Parx Sportsbook now claims they will be ready to launch their online sportsbook and mobile app in June. This is the third time since February that Parx has publicly mentioned a launch date. Obviously, the other two were quietly missed.
Another rumor per Apple not allowing new RMG apps in the app store until clarification of the Wire Act is set is also floating around the industry.
I have also been told that sportsbook operators are required to have individual betting apps per state. I am hoping this is not true. This certainly seems like it will cause some confusion for new players in PA and may also explain the constant delays in PA online sports betting going live.
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