PA Sportsbooks Experience Dramatic Dip To $572.1 Million Following March Madness

Written By Corey Sharp on May 18, 2023 - Last Updated on May 23, 2023
PA sports betting handle was down in April with March Madness coming to an end.

With the NFL completely in the rearview and the busy season of March Madness over, Pennsylvania online sportsbooks are in the midst of seasonality. PA operators reported just $572.1 million in total bets in April.

Overall betting is down 0.11% year over year and 20.9% month over month.

“As expected, Pennsylvania sportsbooks endured a slower month in April coming off of a busy March Madness,” said PlayPennsylvania Managing Editor Chris Imperiale. “The state posted a handle of just $572.1 million, down more than $150 million from last month. April’s total also fell just short of betting action from a year ago by about $650,000. May could provide a boost to figures with the 76ers’ NBA playoff run and NHL playoffs ongoing; however, don’t expect PA betting handle to spike again until the start of NFL.”

PA sportsbooks recorded $51.8 million in total revenue for April.

April 2023 numbers for Pennsylvania sports betting

Figures from the Pennsylvania Gaming Control Board:

  • Handle: $572.1 million (20.9% MoM decrease; 0.11% YoY decrease)
  • Revenue: $51.8 million (21.1% MoM decrease; 5.5% YoY increase) / Adjusted Gross Revenue (taxable): $37 million
  • Hold: 9.1% (roughly the same from last month)
  • Percent of bets placed online: 93.7%
  • Promotional credits: $14.8 million
  • April sports betting taxes: $13.3 million
  • State and local entities: $740,722
  • Top sports betting app by handle: FanDuel Sportsbook PA with $225.6 million
  • Top sports betting app by revenue: FanDuel Sportsbook with $28 million

Quick analysis from April PA sports betting figures

  • PA sportsbooks are starting to hit seasonality with the slow part of the sports calendar as total bets drop. With just NBA and NHL playoffs, coupled with MLB on the board, expect total bets to continue to fall. Once Pennsylvania reaches the dog days of summer, total bets could drop below $400 million.
  • Caesars PA Sportsbook retained the No. 4 position in total bets for the second straight month. It has some catching up to do to reach BetMGM Sportsbook PA, which recorded $44.2 million in handle. An improvement in Caesars’ hold percentage of 4.3% could go a long way. It’s the lowest percentage of any of the top six sportsbooks in the Keystone State.
  • Pennsylvania crossed the $21 billion mark in total lifetime handle. Only Nevada, New Jersey, New York and Illinois have crossed that threshold.

PA sports betting handle & revenue by operator April 2023

LicenseeOnline BrandHandleRevenueHoldTaxes
Valley ForgeFanDuel$225,617,300$27,997,82812.4%$7,676,503
Hollywood MeadowsDraftKings$157,750,257$11,283,8757.1%$3,261,967
Hollywood MorgantownBetMGM$44,150,823$4,058,3899.1%$408,676
Harrah's PhiladelphiaCaesars$29,522,145$1,280,7954.3%$235,067
Hollywood Penn NationalBarstool$26,268,353$1,576,2506.0%$358,631
Rivers PittsburghBetRivers$24,961,833$1,744,8176.9%$373,553
Rivers PhiladelphiaPlaySugarHouse$17,952,292$3,3940.018%-$29,659
Hollywood YorkPointsBet$8,740,281$727,8578.3%$40,459
Mount AiryFox Bet$5,358,073$312,8295.8%$105,700
Live PhiladelphiaBetway$4,874,838$513,80910.5%$184,971
Mohegan Sun PoconoUnibet$4,702,482$351,6197.4%$75,933
Wind CreekWind Creek$1,757,957$85,1734.8%$30,047
Mohegan Lehigh Valley$1,749,126$84,3344.8%$30,360
South Philadelphia Race & Sportsbook$1,668,682$178,48710.6%$64,255
Live Pittsburgh$1,105,097$128,17411.5%$46,143
Presque Isle Downs$576,393$136,47123.6%$49,129
Parx Malvern$224,356$26,16411.6%$9,419
Parx Shippensburg$20,126$5,00224.8%$1,801
Photo by Michael Caterina / AP
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Corey Sharp

Corey Sharp is the Lead Writer at PlayPennsylvania bringing you comprehensive coverage of sports betting and gambling in Pennsylvania. Corey is a 4-for-4 Philly sports fan and previously worked as a writer and editor for the Philadelphia Inquirer and NBC Sports Philadelphia.

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