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The Pennsylvania sports betting handle landscape is heating up between two gambling giants. DraftKings is closing in on the market leader, FanDuel.
The Pennsylvania Gaming Control Board reported on Wednesday that Pennsylvania sportsbooks produced $592.5 million in handle and $54.5 million in revenue in February.
Last month proved to be a two-horse race between FanDuel Sportsbook and DraftKings Sportsbook, which recorded $193 million and $180.8 million in total bets, respectively.
Close race to start 2026
FanDuel has always led the market in handle and revenue since it launched in Pennsylvania, while DraftKings has been a distant second. The race has tightened to start the new year.
In January, FanDuel still commanded the market, recording 35.3% in market share. DraftKings accounted for 30.1%.
While DraftKings improved slightly to 30.5% in February, FanDuel dipped more dramatically, falling to 32.6%.
FanDuel does not have the same reign on the market as it once did. For example, the operator had 41.3% market share back in February 2024. DraftKings was only at 26.8%.
March Madness betting is going to determine whether DraftKings can cut into FanDuel even more.
February sports betting at a glance
- Handle: $592.5 million (24.3% month-over-month decrease; 21.7% year-over-year decrease)
- Revenue: $54.5 million (43% MoM decrease)
- Adjusted Gross Revenue (taxable): $37.8 million
- Hold: 9.2% (down from 12.2% in January)
- Percent of bets placed online: 96%
- Promotional credits: $16.6 million
- February sports betting tax revenue: $12.9 million
- State and local entities tax revenue: $756,886
- Top sports betting app by handle: FanDuel Sportsbook with $193 million
- Top sports betting app by revenue (taxable): FanDuel with $24.3 million
No Eagles in Super Bowl
The Eagles not participating in the Super Bowl caused a steep decline in February total bets. Year-over-year handle fell at a 21.7% rate.
Since there’s only the Super Bowl in February, handle is expected to drop, both monthly and yearly. However, handle declined even from 2024, when the Eagles also exited the playoffs in the first round.
This past February represented a 10.5% handle decrease from 2024, the last time the Eagles didn’t reach the Super Bowl.
It appears football fans in Pennsylvania had little interest in this year’s Super Bowl between the Seahawks and Patriots.
