PA Sportsbooks Take $755 Million In December Bets, Revenue Jumps 88% YoY

Written By Corey Sharp on January 18, 2023
The Eagles helped boost the PA sports betting handle in December.

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

LicenseeOnline Brand(s)HandleRevenueHoldTaxes
Valley ForgeFanDuel$290,304,855$34,153,08911.8%$9,584,022
Hollywood MeadowsDraftKings$191,651,369$16,014,1558.4%$5,160,019
Hollywood MorgantownBetMGM$59,338,685$5,266,3788.9%$510,603
Hollywood Penn NationalBarstool$49,301,232$1,896,7383.8%$362,138
Rivers PittsburghBetRivers$37,203,292$3,101,4158.3%$791,608
Harrah's PhiladelphiaCaesars$31,518,971$1,664,3475.3%$430,782
Rivers PhiladelphiaPlaySugarHouse$21,831,854$1,892,8878.7%$636,321
ParxParx$20,144,030$2,164,26410.7%$643,961
Hollywood YorkPointsBet$18,627,210$1,007,8035.4%$158,266
Mohegan Sun PoconoUnibet$8,297,190$789,8349.5%$217,017
Mount AiryFox Bet$8,205,158$673,1848.2%$230,379
Live PhiladelphiaBetway$6,786,373$1,051,19815.5%$378,431
Presque IsleTwinSpires$3,004,551$380,28112.7%$136,901
Wind CreekWind Creek$2,900,218$206,3317.1%$72,616
South Philadelphia Race & Sportsbook$2,005,428$444,13122.1%$159,887
Live Pittsburgh$1,750,489$270,67915.5%$97,444
Downs at Lehigh Valley$1,478,035$204,20213.8%$73,513
Parx Malvern$500,933$57,85511.5%$20,828
Total$754,849,873$71,238,7709.4%$19,664,738
Photo by Matt Rourke / 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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