The largest sports betting event in February, Super Bowl 53, did not increase the overall sports betting handle and revenue compared to January.
The total betting handle for February was $31,500,741.94. This is a small decrease from $32,011,838.76 in January. No real concern here since February had 3 fewer days and only one NFL game.
The gross sports betting revenue compared to the January revenue report is a bit more glaring. The February PA Sports betting gross revenue was $1,946,816.50. That is a 25% drop from $2,607,215.09 in January. Granted, most PA Sportsbooks reported heavy Super Bowl action on the Patriots, so revenue was impacted when they covered the number. The latest PA Sports betting figures mentioned above are from the PGCB.
PA Sportsbooks February Handle & Revenue Report
Taking a look at how the sportsbooks in PA performed in February, we see Rivers Casino Sportsbook had the best month. Rivers saw $8,147,558.96 total sports betting handle which resulted in revenue of $627,520.99. SugarHouse Sportsbook in Philly brought in a handle of $7,091,93.11, which led to revenue of $522,308.00. Rounding out the top 3 is Parx Sportsbook with a sports betting handle of $6,965,511.90 and revenue of $369,995.89.
A side note here on Harrahs Sportsbook. Their handle and revenue numbers are not terrible considering the sportsbook opened just 8 days before February.
|Sportsbook||Sports Betting Handle||Gross Revenue||Tax|
|South Philadelphia Turf Club||$2,601,650.62||$275,876.90||$99,315.69|
Online Sport Betting in April?
With the launch of 2 more sportsbooks recently, including FanDuel at Valley Forge Casino Resort, we ask again, where is mobile betting in PA?
Parx Casino CMO Marc Oppenheimer said they are looking to have Parx online sports betting before iGaming launches this Summer. Reading through the lines, Parx could take online bets as early as next month (April, 2019).
#PA Sports Betting February 2019 Revenue Report:
– Total Handle: $31,500,741.94 (Down from $32,011,838.76 in Jan.)
– Gross Rev: $1,946,816.50 (Down from $2,607,215.09 in Jan.)
– State Tax Due (34%): $661,917.61@WinBigRivers Sportsbook leads in handle and rev for the month. pic.twitter.com/6sYYBOMAVN
— PA Sportsbooks (@PASportsbooks) March 18, 2019
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