The Pennsylvania Gaming Control Board released figures on Thursday that showed Pennsylvania breaking records in sports betting and online casino handles.
With all four major sports in action, Pennsylvania sportsbooks set an all-time record for handle with a total of $797.1 million in the month of October, a $151.9 million increase from September, and a 2.7% increase from last year. Revenue in October was $61.3 million, a 18% MoM decrease from September.
The previous record for sportsbook handle was set in October 2021 with a total of 776.3 million.
PA online casinos (including poker) also recorded an all-time record month of October, reaching $151.7 million in gross revenue. Pennsylvania online casinos set the previous record for gross revenue back in March with $147.7 million.
“While year-over-year sports betting growth is beginning to level off, the online casino market continues to show tremendous growth,” said Chris Imperiale, Managing Editor of PlayPennsylvania. “PA online casinos’ $151 million October gross gaming revenue is an all-time, all-market record for iGaming in the US. October also made Pennsylvania the first state in the nation to cross $1 billion in tax revenue, beating out the much more mature neighboring New Jersey market.”
October 2022 numbers for Pennsylvania sports betting
Figures from the Pennsylvania Gaming Control Board:
- Handle: $797.1 million (19.1% MoM increase; 2.7% YoY increase)
- Revenue: $61.3 million (18% MoM decrease; 45.5% YoY increase) / Adjusted Gross Revenue (taxable): $40.5 million
- Hold: 7.6% (down from 11.7% last month)
- Percent of bets placed online: 91.9%
- Promotional credits: $21 million
- October sports betting taxes: $13.8 million to the state and $810,280 to local entities.
- Top sports betting app by handle: FanDuel Sportsbook with 292 million (40% market share)
- Top sports betting app by revenue: FanDuel Sportsbook (32.4 million; 58% market share)
Full October revenue breakdown below.
October 2022 numbers for online casinos and poker in PA
- Online slots revenue: $113.5 million
- Online table games revenue: $35.7 million
- Poker revenue: $2.5 million
Full October revenue breakdown by PA casino licensee below.
Quick analysis from October PA sports betting and casino figures
PA sports betting October takeaways
- Thanks to five full weekends of NFL, college football and a full month of an unexpected Phillies playoff run, Pennsylvania set a record in handle with a total of $797.1 million. In the fourth NFL season of PA online sports betting, Pennsylvania beat the previous record of $776.3 million set in October 2021.
- FanDuel and DraftKings continue to co-dominate the market after DraftKings significantly closed the handle gap in September. In October, FanDuel regained its edge by generating 40% market share of online bets placed compared to DraftKings’ 31%. FanDuel’s hold percentage is considerably better at 11.2% vs. DraftKings’ 4.5%.
- It was a more beneficial month for bettors compared to the sportsbooks in October. Hold percentage came down to 7.6% from 11.7% in September.
PA casinos October takeaways
- Despite tax rates of 54% for online slots and 16% for online table games and poker, PA became the first state to cross $1 billion in tax revenue.
- Online casinos are still growing as PA set the US iGaming record in handle. With more than 10 online casinos ready to launch, PA is not done growing.
- Entering October, Hollywood Penn National and Rivers Philadelphia are the biggest online casino winners in PA with lifetime revenues of $1.8 billion and $899.1 million, respectively. The two continued the trend in October as Hollywood Penn National reported $64.3 million in revenue and Rivers Philadelphia recorded $36.7 million.
PA sports betting handle & revenue by operator October 2022
| Licensee | Online Brand | Handle | Revenue | Hold | Taxes |
|---|---|---|---|---|---|
| Valley Forge | FanDuel | $292,046,075 | $32,732,565 | 11.2% | $7,961,355 |
| Hollywood Meadows | DraftKings | $231,105,439 | $10,615,488 | 4.6% | $2,814,236 |
| Hollywood Morgantown | BetMGM | $56,151,112 | $5,268,662 | 9.4% | $501,055 |
| Hollywood Penn National | Barstool | $48,784,088 | $2,548,361 | 5.2% | $596,658 |
| Rivers Pittsburgh | BetRivers | $33,367,989 | $3,297,910 | 9.9% | $944,804 |
| Harrah's Philadelphia | Caesars | $26,609,893 | $732,685 | 2.8% | $41,868 |
| Parx | betParx | $24,280,488 | $1,135,433 | 4.7% | $303,799 |
| Rivers Philadelphia | PlaySugarHouse | $22,125,556 | $1,534,761 | 6.9% | $509,216 |
| Hollywood York | PointsBet | $17,353,534 | $1,107,074 | 6.4% | $95,169 |
| Live Philadelphia | Betway | $11,438,638 | $971,890 | 8.5% | $349,880 |
| Mount Airy | Fox Bet | $10,308,596 | $392,082 | 3.8% | $109,170 |
| Mohegan Sun Pocono | Unibet | $7,553,097 | $429,622 | 5.7% | $87,741 |
| Live Pittsburgh | $4,781,762 | -$283,320 | -5.9% | -$101,995 | |
| Presque Isle | TwinSpires | $3,804,697 | $497,729 | 13.1% | $178,930 |
| Wind Creek | Wind Creek | $2,833,350 | $102,248 | 3.6% | $36,061 |
| South Philadelphia Race & Sportsbook | $2,185,498 | $226,141 | 10.3% | $81,411 | |
| Downs at Lehigh Valley | $1,923,603 | $165,549 | 8.6% | $59,598 | |
| Parx Malvern | $471,318 | $44,697 | 9.5% | $16,091 | |
| Total | $797,124,732 | $61,519,576 | 7.7% | $14,585,047 |
PA online casino revenue by operator October 2022
| Licensee | Total Revenue | Slots | Tables | Poker | Promos | Taxes |
|---|---|---|---|---|---|---|
| Hollywood Penn National | $64,289,132 | $46,770,151 | $17,210,167 | $308,814 | $11,584,925 | $19,336,989 |
| Rivers Philadelphia | $36,741,658 | $32,611,534 | $4,041,731 | $88,393 | $7,456,363 | $12,482,584 |
| Valley Forge | $27,112,571 | $16,379,489 | $10,733,082 | $0 | $3,718,230 | $7,668,085 |
| Parx | $5,859,880 | $4,912,186 | $947,693 | $0 | $1,146,114 | $1,921,685 |
| Mount Airy | $5,698,104 | $3,110,538 | $1,064,410 | $1,523,155 | $1,487,023 | $1,172,866 |
| Harrah's Philadelphia | $3,778,568 | $2,505,278 | $702,435 | $570,855 | $383,592 | $1,190,857 |
| Live Philadelphia | $3,013,343 | $2,730,089 | $283,255 | $0 | $357,259 | $1,160,551 |
| Mohegan Sun Pocono | $2,574,176 | $2,048,192 | $525,985 | $0 | $451,173 | $834,756 |
| Wind Creek | $2,354,651 | $2,193,329 | $161,322 | $0 | $622,545 | $764,080 |
| Presque Isle Downs | $293,932 | $266,223 | $27,709 | $0 | $877 | $129,146 |
| Total | $151,716,015 | $113,527,008 | $35,697,789 | $2,491,217 | $27,208,099 | $46,661,599 |
