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Pennsylvania sportsbooks handled $798.7 million in September wagers, up 60.2% from August’s $498.5 million as football returned. But taxable revenue grew more slowly: Promotional deductions more than doubled, leaving $44.7 million in taxable revenue, a 13.7% monthly increase.
The figures, reported by InGame, cover Pennsylvania’s combined online and retail sports betting market.
Promotional deductions rise to $28.8 million
Sportsbook revenue before promotional deductions increased to $73.5 million in September from $50.5 million in August. Promotional credits rose to $28.8 million from $11.1 million over the same period.
That increase explains the gap between growth in wagering activity and growth in taxable revenue. September’s promotional deductions accounted for roughly 39% of revenue before deductions.
| Pennsylvania sports betting metric | August | September |
|---|---|---|
| Total wagers | $498.5 million | $798.7 million |
| Revenue before promotional deductions | $50.5 million | $73.5 million |
| Promotional credits | $11.1 million | $28.8 million |
Statewide sports wagering generated $16.1 million in tax revenue in September.
The figures measure different things: Handle is the amount wagered, while taxable revenue reflects sportsbook revenue after promotional deductions. Neither figure represents sportsbook profit.
FanDuel and DraftKings lead Pennsylvania online wagering
FanDuel led Pennsylvania’s online sportsbooks with $281.8 million in wagers and $26 million in revenue before promotional deductions. Its $10.7 million in promotional credits left $15.3 million in taxable revenue, slightly below August’s $15.4 million.
DraftKings followed with $251 million in online wagers and $20.5 million in revenue before promotional deductions. Its taxable revenue increased to $12.4 million from $10.5 million in August.
Fanatics Sportsbook placed third in online handle at $58.5 million, ahead of BetMGM’s $56.5 million and bet365’s $41.1 million.
The taxable revenue rankings differed: BetMGM reported $3.2 million, compared with Fanatics’ $3.1 million and about $718,000 for bet365. Those results underscore why wagering totals alone do not show how much taxable revenue an operator generates.
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Source: As reported by InGame.
This article was created with the assistance of AI and is monitored by our editorial team.
