The Pennsylvania Gaming Control Board released their monthly report, detailing everything from handle to revenue to taxes and more. For the full report, see here.
In total, PA Sportsbooks had $194.5M in total handle, and $19.37 in total revenue.
Sept. PA Sports Betting Handle Leaders:
1. #FanDuel: $88,546,350
2. Sugarhouse: $37,718,490
3. Rivers: $30,807,702
4. Parx: $21,095,923
BIG disparity online/mobile from #1 to #4
FanDuel Sportsbook online handle was $85,128,312
Parx online sports betting handle was $13,819,859
— PA Sportsbooks (@PASportsbooks) October 17, 2019
|Month||July 2019||August 2019||September 2019||Growth Since July||Growth Since August|
|Sports Betting Handle||$59,331,959||$109,038,051||$194,504,622||227.82%||78.38%|
|Sports Betting Revenue||$5,074,431||$9,887,738||$19,370,816||281.73%||95.91%|
|State Tax Due||$969,727||$2,079,106||$5,062,216||422.02%||143.48%|
|Retail Sports Betting Handle||$20,333,311||$25,828,734||$36,350,260||78.77%||40.74%|
|Online Sports Betting Handle||$38,998,649||$83,209,317||$158,154,361||305.54%||90.07%|
As you can see, the growth of sports betting in Pennsylvania has been exponential in the last few months. With only three months “in business”, the state of Pennsylvania has seen a massive growth in handle, revenue, and most importantly to the state: taxes.
Since July, the sports betting handle has grown 227%, which is absurd. The taxes have grown 422%, which will help the state greatly. What is this mostly due to? Of course, the start of college and pro football is one, but keep in mind that the easy-to-access mobile betting apps has driven this. In the chart above, you can see for yourself. A 305% growth increase since July in online sports betting handle, and even a 90% growth since August.
Revenue has grown immensely as well, starting at $5.07M in July and increasing 281% to September, bringing in $19.37M.
FanDuel Sportsbook Domination
In September, Pennsylvania Sportsbooks did $194.5M in total handle, which led to $19.37M in revenue.
But, FanDuel Sportsbook did $88.55M in handle. Think about the math here, $88.55M of $194.5M is 45% of the handle, for ONE sportsbook. That is insane!
In terms of revenue, FanDuel Sportsbook had $7.48M in revenue, which is close to 39% of the total revenue for the state’s sportsbooks. Domination is an understatement.
Here are the handle ranks for September (book – handle):
The above four offer mobile betting. Hollywood Casino, South Philadelphia Race and Sportsbook, Harrah’s, Oaks Race and Sportsbook, Mount Airy, Mohegun, and Presque Isle are all retail only and all come in at $5M or less in handle.
PA Mobile Betting Is King
In September, of the $194.5M in total handle there was only $36.35M in retail onsite betting. $158.15M of the handle was done online via mobile devices.
That is 81% of the total bets, which is a massive number given the small number of choices Pennsylvania residents have as far as the mobile options go.
With NBA betting and the Sixers tipping-off October 22nd, and pro and college football getting into the thick of the playoff races, expect these numbers to rise even more.
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