Pennsylvania Sports Betting Revenue December 2018

Before we jump into the sports gambling revenue and taxes paid data, let’s remember that the sportsbooks at Rivers Casino in Pittsburgh and SugarHouse in Philadelphia opened on December 13th. Our point, this is roughly a 1/2 month of sports betting handle/revenue metrics.

We should also note that the Parx Casino Sportsbook opened on January 8th and will be included in next month’s revenue report. Will the Parx Sportsbook “Bet Slip” impact revenue? The Turf Club in South Philly which opened this week will be included in the next revenue report as well.

PA Sportsbooks December 2018 Revenue

Penn National (Hollywood Casino)
– Dec. 2018 Sports Betting Handle: $5,051,730.37
– Dec. 2018 Sports Gross Revenue: $299,222.07
– Dec. 2018 Sports Betting State Tax (34%): $101,735.50
– Dec. 2018 Local Share Assessment (2%): $5,984.45

Rivers Casino Sportsbook
– Dec. 2018 Sports Betting Handle: $5,581,553.41
– Dec. 2018 Sports Gross Revenue: $1,066,156.55
– Dec. 2018 Sports Betting State Tax (34%): $362,493.23
– Dec. 2018 Local Share Assessment (2%): $21,323.13

SugarHouse Casino Sportsbook
– Dec. 2018 Sports Betting Handle: $5,539,806.46
– Dec. 2018 Sports Gross Revenue: $641,167.11
– Dec. 2018 Sports Betting State Tax (34%): $217,996.82
– Dec. 2018 Local Share Assessment (2%): $12,823.34

Totals for December 2018:

– Sports Betting Handle: $16,173,090.24
– Sports Gross Revenue: $2,006,545.73
– Sports Betting State Tax (34%): $682,225.55
– Local Share Assessment (2%): $40,130.92

Fiscal Year 2018/2019 Totals:
– Sports Betting Handle: $17,587,676.79
– Sports Gross Revenue: $2,515,542.33
– Sports Betting State Tax (34%): $855,284.39
– Local Share Assessment (2%): $50,310.85

Pennsylvania Sports Betting Revenue report for Dec. 2018.

Just a reminder that Rivers & SugarHouse Sportsbooks opened on 12/13/18 pic.twitter.com/X1PTve2Mid

— PA Sportsbooks (@PASportsbooks) January 16, 2019