Pennsylvania sportsbooks had another strong month exceeding $754.8 million in December betting handle. This finished slightly down from November’s $789.2 million handle. It’s a year-over-year increase of 0.6% from December 2021.
Sports betting revenue hit $71.6 million for the month, which is up 1.7% month-over-month but up a whopping 87.7% compared to December 2021.
“Even though the year-over-year growth within the PA sports betting market is leveling off, figures were strong again in the month of December,” said Chris Imperiale, Managing Editor of PlayPennsylvania. “PA sportsbooks accepted $754.8 million in total handle, thanks to a lot of attention on the Eagles and the NFL. This ended up about 5.3% shy of October’s record showing, but still marks a slight uptick in wagers compared to December 2021.”
December 2022 numbers for Pennsylvania sports betting
Figures from the Pennsylvania Gaming Control Board:
- Handle: $754.8 million (4.4% MoM decrease; 0.6% YoY increase)
- Revenue: $ 71.6 million (22.0% MoM increase; 190.0% YoY increase) / Adjusted Gross Revenue (taxable): $54.6 million
- Hold: 9.5% (up from 8.9% last month)
- Percent of bets placed online: 93.3%
- Promotional credits: $16.6 million
- December sports betting taxes: $18.6 million to the state and local entities
- Top sports betting app by handle: FanDuel Sportsbook with $286.6 million
- Top sports betting app by revenue: FanDuel Sportsbook with $34.4 million
Quick analysis from December PA sports betting figures
- PA sportsbooks finished the 2022 calendar year with a strong month of December. Handle numbers have dipped slightly since PA sportsbooks set a state record back in October, but that’s to be expected. December was par for the course, finishing up 0.6% from December 2021.
- Operators have appeared to have slowed on promotional credits since the start of the NFL season. PA sportsbooks recorded $16.6 million in promotional credits in December, the lowest since August 2022. Halfway through FY 2022/2023, PA sportsbooks have recorded their highest gross revenue number ($54.6 million).
- FanDuel finished 2022 dominating the competition once again. It took 41% share of the online market and 53% of the revenue, recording $34.4 million. DraftKings held a 27% share in online handle and 24% in revenue. BetMGM and Barstool came in a distant third and fourth in both categories, respectively.
PA sports betting handle & revenue by operator December 2022
| Licensee | Online Brand(s) | Handle | Revenue | Hold | Taxes |
|---|---|---|---|---|---|
| Valley Forge | FanDuel | $290,304,855 | $34,153,089 | 11.8% | $9,584,022 |
| Hollywood Meadows | DraftKings | $191,651,369 | $16,014,155 | 8.4% | $5,160,019 |
| Hollywood Morgantown | BetMGM | $59,338,685 | $5,266,378 | 8.9% | $510,603 |
| Hollywood Penn National | Barstool | $49,301,232 | $1,896,738 | 3.8% | $362,138 |
| Rivers Pittsburgh | BetRivers | $37,203,292 | $3,101,415 | 8.3% | $791,608 |
| Harrah's Philadelphia | Caesars | $31,518,971 | $1,664,347 | 5.3% | $430,782 |
| Rivers Philadelphia | PlaySugarHouse | $21,831,854 | $1,892,887 | 8.7% | $636,321 |
| Parx | betParx | $20,144,030 | $2,164,264 | 10.7% | $643,961 |
| Hollywood York | PointsBet | $18,627,210 | $1,007,803 | 5.4% | $158,266 |
| Mohegan Sun Pocono | Unibet | $8,297,190 | $789,834 | 9.5% | $217,017 |
| Mount Airy | Fox Bet | $8,205,158 | $673,184 | 8.2% | $230,379 |
| Live Philadelphia | Betway | $6,786,373 | $1,051,198 | 15.5% | $378,431 |
| Presque Isle | TwinSpires | $3,004,551 | $380,281 | 12.7% | $136,901 |
| Wind Creek | Wind Creek | $2,900,218 | $206,331 | 7.1% | $72,616 |
| South Philadelphia Race & Sportsbook | $2,005,428 | $444,131 | 22.1% | $159,887 | |
| Live Pittsburgh | $1,750,489 | $270,679 | 15.5% | $97,444 | |
| Downs at Lehigh Valley | $1,478,035 | $204,202 | 13.8% | $73,513 | |
| Parx Malvern | $500,933 | $57,855 | 11.5% | $20,828 | |
| Total | $754,849,873 | $71,238,770 | 9.4% | $19,664,738 |
