Pennsylvania

Pennsylvania sports betting revenue soars 246% YoY in Feb.

T

he Pennsylvania Gaming Control Board reported Tuesday that the combined total revenue generated from all forms of gaming along with fantasy contests in February totaled nearly $302 million, which was less than a 1% decrease year-over-year.

February’s gross revenue from slot machines was $145,851,166, down 26.95%. The number of slot machines in operation was 18,806 compared to 24,122 at the casinos in February 2020. Online casino gaming generated gross revenue of $77,788,457, a growth of nearly 300%.

Park Casino in Bensalem Bucks County had the highest revenue in the state at $47 million, which was a 18.8% drop from the previous year. Slots revenue was $26.9 million and tables games was at $13.9 million. 

Video gaming terminals had total adjusted revenue of $2.5 million, according to the PGCB. The majority of that was from Marquee by Penn, owned by Penn National Gaming, which had gross revenue of $1.9 million.

The PGCB said tax revenue for February was $122.8 million.

Sports betting

Taxable revenue during February 2021 for sports wagering was $16.4 million, more than three times (246%) the amount of revenue generated in February of last year. Sportsbooks took $509.5 million in bets, up 54.5% year-over-year compared to $329.8 million last year, though down 17.2% from the January record of $615.3 million. Pennsylvania handle has surpassed $500 million in four out of the last five months, as reported by Play Pennsylvania.

Eight months into the 2020/2021 fiscal year, sports betting handle in Pennsylvania has eclipsed $3.6 billion according to figures released by the Pennsylvania Gaming Control Board. It has also already surpassed the total 2019/2020 fiscal year’s totals ($2.5 billion).

FanDuel Sportsbook once again led for handle with $176.3 million, accounting for 37.5% of all online bets. FanDuel also tops in revenue with $7.3 million, after taking back the top spot for revenue in January when it posted $14.3 million.

Source

Sportsbook
Welcome to SportsBook-Live.com. Please register to our site, As more States become Available for Online Gambling, We will automatically upgrade your status from Subscriber to Player. Please note we are not affilliated in any way with ESPN, CBS Sports, Home depot or CitiBank GameDay Programs. https://sportsbook-live.com
https://sportsbook-live.com