Pennsylvania Sports Betting Handle Almost Doubles In September

Pennsylvania Sports Betting Handle Almost Doubles In September

The sports betting handle of Pennsylvania’s bookmakers has nearly doubled in September. According to the figures released by the Pennsylvania Gaming Control Board (PGCB) on Thursday, licensed betting operators in the state took worth $194.5m in wagers IN September.

The figures represent a 78.4% increase when compared with the betting handle in August. The hike in wagers is undoubtedly to be attributed to the ongoing NFL season. The state’s betting operators made $14.9 million in revenue excluding bonus offers representing a 144% hike month over month.

The online betting platforms witnessed a 90 percent increase in betting handle. They took in $158.1 million in wagers which accounted for 81 percent of September’s total handle by Pennsylvania’s sports betting operators.

Revenue from online betting operations grew by about 400 percent as it grossed $9.27 million in revenue.
While retail betting handle increased by 41% of the revenue from retail betting grew by 58% to $5.65m.

Top grosser was the Valley Forge Casino and its FanDuel partner which took in $88.5m of September’s betting handle. The second was the SugarHouse with $37.7m ($31.2m online) in wagers followed by Rivers Casino which saw $30.8m ($23.5m online) in wagers.

For August, the Pennsylvania Gaming Control Board (PGCB) had posted a 6.3 percent year-on-year increase in revenue. The figures represent revenue from all gaming and fantasy sports operations in the state.

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