Pennsylvania online sportsbooks are feeling the effects of a scarce sports calendar. The Pennsylvania Gaming Control Board (PGCB) reported sports operators took in $373.2 million in total bets in June.
Total bets dropped 24.7% month over month and recorded a 5.2% decrease year over year. PA sportsbooks generated $23.1 million in gross revenue.
PlayPennyslvania Managing Editor, Chris Imperiale, said:
“Pennsylvania sports betting figures dropped once again in June because of the extremely slow period for the sports calendar. The state’s overall handle just topped $373 million for the month, which is down about 25% from May and 5% from June 2022. It’s possible excitement around Team USA and the Women’s World Cup could provide a boost, but don’t expect betting figures to fully recover until college football and the NFL are back.”
June 2023 numbers for Pennsylvania sports betting
Figures from the PGCB:
- Handle: $373.2 million (24.7% MoM decrease; 5.2% YoY decrease)
- Revenue: $33.9 million (41% MoM decrease; 48% YoY increase) / Adjusted Gross Revenue (taxable): $23.1 million
- Hold: 9.1% (down from 11.6% from last month)
- Percent of bets placed online: 92.9%
- Promotional credits: $10.1 million
- June sports betting taxes: $8.3 million
- State and local entities: $461,201.52
- Top sports betting app by handle: FanDuel Sportsbook PA with $139.6 million
- Top sports betting app by revenue: FanDuel Sportsbook with $16.7 million
Quick analysis from June PA sports betting figures
- The three summer months are expected to feature the lowest handle figures for PA sportsbooks. With MLB betting as the only major sport in season, not many dollars are placed on PA sportsbooks as a whole.
- PA sports betting generated $7.2 billion in handle for the Fiscal Year 2022/2023, beating last year’s total of $7.1 billion. Sports betting has appeared to hit its peak in the Keystone State and has since flattened out. Fanatics Sportsbook is the next to launch, with bet365 Sportsbook soon to follow. It’ll be interesting to see what kind of impact the two brands have in the mature state.
- Pennsylvania is slightly trailing last year’s handle through six months. In 2022, PA sportsbooks recorded $3,565,425,896 at this time. Through six months of 2023, that number has dipped to $3,536,274,461, a difference of around $29 million.
PA sports betting handle & revenue by operator June 2023
| Licensee | Online Brand | Handle | Revenue | Hold | Taxes |
|---|---|---|---|---|---|
| Valley Forge | FanDuel | $139,594,665 | $16,687,982 | 12.0% | $4,106,436 |
| Hollywood Meadows | DraftKings | $100,800,833 | $7,896,447 | 7.8% | $2,172,017 |
| Hollywood Morgantown | BetMGM | $30,111,857 | $2,565,464 | 8.5% | $376,852 |
| Harrah's Philadelphia | Caesars | $21,172,873 | $1,313,485 | 6.2% | $325,656 |
| Rivers Pittsburgh | BetRivers | $18,436,588 | $1,768,733 | 9.6% | $395,947 |
| Hollywood Penn National | Barstool | $17,208,210 | $1,196,888 | 7.0% | $255,329 |
| Parx | betParx | $12,811,396 | $914,582 | 7.1% | $265,610 |
| Rivers Philadelphia | PlaySugarHouse | $11,403,767 | $499,385 | 4.4% | $150,250 |
| Hollywood York | PointsBet | $5,595,537 | $378,267 | 6.8% | $66,958 |
| Mohegan Pennsylvania | Unibet | $3,942,499 | $137,779 | 3.5% | $8,610 |
| Live Philadelphia | Betway | $3,862,096 | $116,269 | 3.0% | $41,856 |
| Mount Airy | Fox Bet | $3,652,414 | $250,372 | 6.9% | $85,762 |
| Wind Creek | Wind Creek | $1,199,906 | -$51,346 | -4.3% | -$18,928 |
| South Philadelphia Race & Sportsbook | $975,656 | $48,228 | 4.9% | $17,363 | |
| Mohegan Lehigh Valley | $964,378 | $19,166 | 19.9% | $6,899 | |
| Live Pittsburgh | $916,365 | $51,481 | 5.6% | $18,534 | |
| Presque Isle Downs | $299,771 | $21,738 | 7.3% | $7,826 | |
| Parx Malvern | $196,688 | $49,812 | 25.3% | $17,932 | |
| Parx Shippensburg | $25,915 | $1,994 | 7.7% | $718 | |
| Total | $373,171,415 | $33,866,725 | 9.1% | $8,301,627 |
