Pa State Gambling Revenue
Sports betting operators in Pennsylvania saw $492m in handle in November, making it the second-best month on record.
November’s handle was down 6.4% from October’s record $525.8m.
Pennsylvania Online Gambling, Sports Betting Key in Keystone State, as Retail Revenue Plummets. Posted on: December 17, 2020, 12:24h. Last updated on: December 17. Nov 19, 2020 PA gambling sites produced nearly $25 million in state and local tax revenue for the month. Overall growth for Pennsylvania iGaming revenue was a little under 5% in October. This is quite small considering that a 3.3% increase would be expected just due to the fact that there were 31 days in October and only 30 in September.
The Pennsylvania Gaming Control Board said the November 2020 handle was up 55.4% from November 2019’s $316.5m. The Keystone State is five months into its 2020-2021 fiscal year, and handle during that period has topped $2 billion.
Pennsylvania has 14 retail sportsbooks and 10 online operators. Officials said 91% of sports wagers were placed online last month. Sportsbook apps offered $11.1m in promotional credits in November, flat compared to October.
While handle was down from the previous month, gross revenue set a new record: $37.4m in November, up from $36.8m in October. This allowed the state to collect $12.7m in sports betting taxes last month, as local entities received more than $747,000.
Football continues to be king, as betting on the sport brought in $37.4m, up sharply from $6.2m bet on football in September 2020.
FanDuel’s online sportsbook took $176.7m in wagers in November, which represents 36.6% of wagers made in the state. The operator has set a record for revenue by an online sportsbook in Pennsylvania for two straight months, netting $14.7m in October and $15m in November.
DraftKings reported $110m in handle in November – the third straight month it has topped $100m – while its $6.8m revenue represented its highest recorded month in Pennsylvania.
Barstool Sportsbook, operating via a partnership with Hollywood Casino, had $55.8m in handle in November, which was just its third month of operations. Barstool had $61m in handle in October.
Pennsylvania’s sports betting market continues to look merry and bright. Handle totaled about $492 million in November, down just 6.4% from the record $525.8 million set in October. Five months into the 2020/2021 fiscal year, Pennsylvania surpassed the $2 billion mark for handle.
November was the second-highest ever for handle in PA and marked the best month yet for sportsbooks in terms of overall revenue. The Commonwealth’s 10 online sportsbooks and 14 retail books combined for $37.4 million in gross (taxable) revenue, up a tick from the previous record of $36.8 million set the previous month.
Online wagering continues be the overwhelming preference of bettors, with 91% of bets placed at PA online sports betting apps, according to figures released by the Pennsylvania Gaming Control Board.
FanDuel online sportsbook remains the leader in PA again with taking $176.7 million, or 36.6% of the state’s wagers.
Big month for revenue and taxes
NFL and college football betting fueled another big month for the books. $37.4 million in revenue represents a huge increase from $6.2 million in September 2020. Sportsbook apps also gave away $11.1 million in promotional credits, a nearly identical number to the previous month.
The state collected $12.7 million from sports betting taxes in November 2020, with another $747,005 for local taxes.
PA’s November numbers, and any other state with legalized sports betting, pales in comparison to neighboring New Jersey. They set the all-time high for handle in any state for the fourth straight month with $931.6 million.
FanDuel and DraftKings lead the pack in PA
FanDuel took 36% of all wagers which is a decrease from 41% in September. However, the market-leader broke the record for revenue for a PA online sportsbook in October ($14.7 million) and again in November ($15 million).
DraftKings surpassed the $100 million threshold for the third consecutive month with a handle of about $110 million. They also posted the highest revenue since their Nov. 2019 launch with $6.8 million in Nov. 2020.
New sportsbooks in PA
The much-anticipated Barstool Sportsbook, through its partnership with Hollywood Casino, arrived in Pennsylvania in mid-September. In its third full month, Barstool took $55.86 million in wagers, a small decrease from about $61 million in October.
Barstool won’t be the baby of the books for much longer. There are rumors that BetMGM, which recently released its online casino is PA, will be rolling out its online sportsbook very soon.
PA sports betting handle & revenue by operator in November 2020
Pa State Gambling Revenue Laws
| Sports Betting Operator | Total Handle | Total Revenue | Online Handle | Online Revenue | Retail Handle | Retail Revenue |
|---|---|---|---|---|---|---|
| Valley Forge Casino (FanDuel) | $180,056,254 | $15,428,575 | $176,746,119 | $15,060,960 | $3,310,135 | $367,615 |
| The Meadows Casino (DraftKings) | $112,546,122 | $7,174,759 | $109,886,617 | $6,887,440 | $2,659,505 | $287,319 |
| Hollywood/Penn National (Barstool) | $57,806,082 | $3,784,120 | $55,656,541 | $3,488,727 | $2,149,541 | $295,392 |
| Rivers Pittsburgh (BetRivers) | $34,998,795 | $2,019,720 | $28,085,328 | $975,843 | $6,913,467 | $1,043,877 |
| Mount Airy Casino (Fox Bet) | $28,902,526 | $1,575,915 | $28,067,087 | $1,539,392 | $835,439 | $36,523 |
| Parx Casino | $28,529,299 | $3,563,619 | $19,371,783 | $2,054,563 | $9,157,516 | $1,509,056 |
| Rivers Philadelphia (PlaySugarHouse) | $27,386,960 | $2,029,993 | $19,399,744 | $917,164 | $7,987,216 | $1,112,829 |
| Mohegan Sun Pocono (Unibet) | $9,991,516 | $605,958 | $8,181,449 | $194,793 | $1,810,067 | $411,165 |
| Presque Isle Downs (BetAmerica) | $4,610,010 | $378,802 | $957,165 | $8,632 | $3,652,845 | $370,170 |
| Harrah's Philadelphia (Caesars) | $3,328,342 | $418,773 | $1,066,617 | $58,141 | $2,261,726 | $360,632 |
| South Philly Race & Sportsbook | $2,031,016 | $90,795 | $0 | $0 | $2,031,016 | $90,795 |
| Mohegan Sun Lehigh Valley | $1,399,802 | $169,837 | $0 | $0 | $1,399,802 | $169,837 |
| Wind Creek | $164,486 | $62,065 | $0 | $0 | $164,486 | $62,065 |
| Live! Casino Pittsburgh | $159,503 | $47,317 | $0 | $0 | $159,503 | $47,317 |
| Total | $491,910,713 | $37,350,246 | $447,418,449 | $31,185,656 | $44,492,263 | $6,164,590 |
Other PA online sportsbooks in November:
- Barstool (Hollywood Casino): $55.6 million in handle (down from $60.9 million), $3.5 million in revenue
- Fox Bet (Mount Airy): $28 million in handle (down from $28.2 million), $1.5 million revenue
- Rivers Casino Pittsburgh: $28 million in handle (up from $26 million), $975,843
- Parx online sportsbook: $19.4 million in handle (down from $21.7 million), $2 million revenue
- Rivers Casino Philadelphia: $19.4 million in handle (down from $21.4 million), $917,164 revenue
- Unibet (Mohegan Sun Pocono): $8.1 million (down from $9.8 million), $194,793 revenue
- Caesars Sportsbook (Harrah’s): $1 million in handle (up from $1 million), $58,141 revenue
- Bet America (Presque Isle Downs): $957,165 in handle (up from $912,236), $8,632 revenue
Pa State Gambling Revenue Reporting
Two-years and counting for PA sports betting
Last month, Pennsylvania celebrated the second anniversary of the start of legal sports betting in Pennsylvania. Hollywood Casino launched Pennsylvania’s first legal sportsbook with partner William Hill on Nov. 17, 2018.
The PA sports betting industry is officially blossoming into maturity. Since its birth two years ago, the sports betting industry has experienced quite a growth spurt in terms of operators and handle.
- 2018-19: $244.6 million
- 2019-20: $2.5 billion
- 2020-21: $2 billion (five months)
PGCB Director of Communication Doug Harbach commented to PlayPennsylvania about the burgeoning sports betting market after its two-year anniversary:
“The type of customer and revenue growth in this gaming segment is similar to that seen other segments. Particular to sports wagering, certainly the rapid increase in the number of operators is the chief reason. The effective marketing of the operators then produces an exponential uptick in the total potential customers in their databases which, combined with an increased comfort from gamblers in participating in sports wagering in Pennsylvania, leads to growth in the amount of wagering. Finally, the parallel competition of major sports, particularly professional and college football is certainly driving the record handle and revenue numbers seen in the last few months.”
PA sports betting: How it started, how it’s going
| November 2018 | November 2020 | |
|---|---|---|
| Handle | $1.4 million | $491.9 million |
| Revenue | $508,997 | $37.3 million |
| Retail operators | 1 | 14 |
| Online operators | 0 | 10 |
2020 PA sports betting handle, revenue and taxes
Here’s a look at top-line numbers for PA sports betting since the start of 2020. Tax revenue includes the 34% state tax and 2% in local taxes.
| Total Handle | Total Gross Revenue | Tax Revenue (36%) | |
|---|---|---|---|
| Jan. 2020 | $348.4 million | $22.8 million | $8.2 million |
| Feb. 2020 | $329.8 million | $4.7 million | $1.7 million |
| March 2020 | $131.3 million | $6.9 million | $2.5 million |
| April 2020 | $46.0 million | $2.9 million | $1.0 million |
| May 2020 | $77.5 million | $4.8 million | $1.7 million |
| June 2020 | $89.0 million | $6.7 million | $2.4 million |
| July 2020 | $164.8 million | $8.1 million | $2.9 million |
| August 2020 | $365.0 million | $18.3 million | $6.6 million |
| Sept. 2020 | $462.8 million | $6.3 million | $2.3 million |
| Oct. 2020 | $525.8 million | $36.8 million | $13.2 million |
| Nov. 2020 | $491.9 million | $37.4 million | $13.4 million |
Pa State Gambling Revenue Refund
November fantasy figures
In November, fantasy operators combined to report about $27 million in revenue, a decrease from $28.6 in October. DraftKings ($16.9 million) and FanDuel ($9.8 million) make up the lion’s share of DFS action in PA.
Lead image credit: AP Photo/Matt Rourke