Pennsylvania is the fifth state to surpass $21 billion in all-time sports betting handle. Sports bettors sent $572.1 million through Pennsylvania sportsbooks in April to reach the new milestone.
PA sports betting is now fifth in all-time handle:
- New Jersey: $37.5 billion
- Nevada: $31.9 billion
- New York: $22 billion
- Illinois: $21.6 billion
- Pennsylvania: $21.5 billion
In the post-PASPA era, PA sportsbooks have generated $1.72 billion in revenue and sent $427.6 million in taxes back to the state.
PA sports betting revenue sees increase
According to figures recently released by the Pennsylvania Gaming Control Board, nearly 94%, or $536.2 million, of PA sports betting happened online.
Handle dropped 21% from March ($667.4 million), though an April decline is generally expected following March Madness betting, one of the most popular events on the sports betting calendar.
Sportsbooks generated $51.7 million in April revenue, a 5% increase compared to April 2022 ($49 million.) The Keystone State collected $13.3 million in sports betting taxes.
DraftKings, Caesars making up ground
DraftKings Sportsbook increased its market share in Pennsylvania in the last year. In April, it handled more than 27% ($157.7 million) of sports betting dollars, up from less than 21% ($120.3 million) in April 2022.
Caesars Sportsbook grabbed 5% ($29.5 million) of the April sports betting market. It had less than 1% ($4.6 million) at this time last year.
Market share for FanDuel Sportsbook has mainly been flat for the last 12 months at roughly 40%.
BetMGM gives up ground
BetMGM saw its market share in Pennsylvania drop to begin the year. It handled $44 million in April, worth 7.5% of all sports betting dollars. It handled 11.5% ($65.8 million) in April 2022.
To start 2023, BetMGM has claimed 7% of the market. It finished 2022 with just under 10% of the market.
Overall, sports betting handle in the state has been relatively flat year-over-year since fall.
