Pennsylvania November Sports Betting Handle and Revenue: Takeaways and Analysis from A Record-Breaking Month

Written By Katie Kohler on December 20, 2021 - Last Updated on December 21, 2021
Penn National Q2

The Pennsylvania Gaming Control Board released revenue figures for November. It was a record-breaking revenue month for Pennsylvania sportsbooks as they won about $85 million.

Key November numbers for sports betting in PA

  • Handle: $761.6 million
  • Revenue: $85 million
  • Hold: 11.2%
  • Percent of bets placed online: 92%
  • Month-over-month: Handle decreased 1.8%; revenue increased 100.8%
  • Year-over-year: Handle jumped 1217%; revenue rose 1639%
  • November sports betting taxes: $21.6 million to the state and another $1.2 million to local entities.
  • Top sports betting app by handle: FanDuel Sportsbook with $238.6 million
  • Top sports betting app by revenue: FanDuel Sportsbook ($37.4 million)

PA sports betting handle & revenue by operator November 2021

LicenseeOnline BrandTotal HandleTotal RevenueOnline HandleOnline RevenueRetail HandleRetail Revenue
Valley ForgeFanDuel$241,980,326$37,464,655$238,636,631$37,055,811$3,343,695$408,843
Hollywood Penn NationalBarstool$75,978,949$8,301,357$74,347,264$7,992,760$1,631,686$308,598
Hollywood MorgantownBetMGM$75,219,179$5,727,580$75,219,179$5,727,580$0$0
Rivers PittsburghBetRivers$37,475,776$4,141,874$27,908,967$3,010,881$9,566,809$1,130,993
Rivers PhiladelphiaSugarHouse$26,290,367$2,599,880$17,112,224$1,295,063$9,178,143$1,304,817
Mount AiryFox Bet$17,509,802$1,785,827$16,676,790$1,643,531$833,012$142,296
Mohegan Sun PoconoUnibet$11,012,285$989,375$9,207,541$718,057$1,804,744$271,319
Presque IsleTwinSpires$8,585,032$1,214,212$4,326,420$353,845$4,258,612$860,367
Live PhiladelphiaBetway$8,261,370$844,634$2,279,606$166,485$5,981,764$678,149
Harrah's PhiladelphiaCaesars$6,436,697$356,906$3,744,363$67,650$2,692,335$289,256
South Philly OTB$2,452,399$519,908$0$0$2,452,399$519,908
Wind CreekWind Creek$2,237,206$276,781$1,128,435$77,998$1,108,771$198,783
Hollywood York$2,087,428$444,388$0$0$2,087,428$444,388
Lehigh OTB$1,639,988$186,118$0$0$1,639,988$186,118
Live Pittsburgh$1,281,504$321,082$0$0$1,281,504$321,082

Three takeaways from PA sports betting

Rocketing revenue

Revenue rocketed into another stratosphere for PA sports betting. In November, sports betting operators collectively reported $85 million in revenue smashing previous revenue record of $48.1 million set in Sept. 2021. In the 2020/2021 fiscal year, the total revenue for sportsbooks was $48.4 million.

FanDuel remains the leader of all sports betting operators in PA. Their previous high for monthly revenue was $21.2 million in Sept. 2021 but they obliterated that record in November with $37 million. FanDuel had the highest monthly hold of all sports betting apps in November with 16%.

DraftKings PA had its second-straight month with $200+ million handle and held the No.2 spot for revenue with $16 million.

Feast for betting

November had four weekends while October had five. Still, the month was stuffed with plenty of options for betting on the NFL, college football, college basketball, NBA and even NHL action.

Bad month for bettors

The betting public tends to side with the favorites. NFL underdogs covered the spread in about 60% of games making it one of the worst months ever for bettors.

Bounce back for Barstool

In October, Barstool online sportsbook‘s revenue ($118,849) was one of the lowest. Barstool bounced back big in November posting about $8 million in revenue. In terms of revenue, Barstool ranks third in PA behind FanDuel and DraftKings. They are ahead of BetMGM which had $5.7 million in revenue.

Where does Pennsylvania rank among other sports betting states

New Jersey surpassed $1 billion in handle for the second straight month, taking $1.3 billion in bets in November. NJ was also the first state where sportsbooks had $100 million in monthly revenue. In October, $1.1 billion was bet with Nevada sportsbooks (Nov. figures not released yet).

Pennsylvania hasn’t flirted with the $1 billion handle mark yet. Last month, handle in PA reached a high of $761.6 million.

PA does rank ahead of Michigan ($500.5 million) and Indiana ($463.7 million).

Analysis of November sports betting numbers

Unlike states like New Jersey, Pennsylvania doesn’t further break down revenue reports by sports or bet type. Online sports betting arrived in PA in the summer of 2019, so it’s still in its early stages and showing remarkable growth as shown in the YoY numbers.

At the SBC Summit North America in New Jersey in early December, American Gaming Association President Bill Miller said that the level of sports betting ads during the first few weeks of the NFL season was an “unsustainable arms race.” The books bet on the ads and months like November showed why.

December should be packed with a similar schedule for bettors….but…COVID is again threatening the sports schedule and the integrity of games. Will bettors feel they are not only betting against the spread but against whether or not their team will be missing key players by the start of the game?

Of course, there is always the thought that the leagues could shut down or go back to “bubble ball.”

Lead image Barstool Sportsbook at Hollywood Casino Morgantown by Katie Kohler

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Katie Kohler

Katie Kohler is a Philadelphia-area based award-winning journalist and Managing Editor at PlayPennsylvania. Katie especially enjoys creating unique content and on-the-ground reporting in PA. She is focused on creating valuable, timely content about casinos and sports betting for readers. Katie has covered the legal Pennsylvania gambling industry for Catena Media since 2019.

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