PA Sports Betting Handle Stands Up For Super Bowl As Hold Sinks

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PA sports betting

PA sports betting handle continued strongly in February with its fourth straight month of more than $300 million.

The state’s sportsbooks took $329.8 million in bets last month, with 89.2% of that coming online.

Pennsylvania sports betting hold was just 3.3% for the month with $10.8 million in revenue, according to the state report. But after $6.7 million in promotional credits, that taxable revenue fell to just $4.1 million for the month.

PA sports betting handle down from January

Handle fell 5.3% from January’s record high, which included 10 NFL games compared with only the Super Bowl in February. The state took $30.7 million in Big Game handle.

Despite the drop, February will likely be the best month PA sports betting operators have for the next few months given the global sports shutdown from the coronavirus. The most recent postponement was the Kentucky Derby, though other American horse racing continues without crowds.

Pennsylvania’s dropoff was better than the 9.2% decline seen in neighboring New Jersey from January.

FanDuel Sportsbook remains a PA favorite

FanDuel Sportsbook‘s online platform took 42% of total state handle and 47.1% of all online handle with $138.5 million. But FanDuel also saw its online handle fall 9.6% from January.

The same wasn’t true for DraftKings Sportsbook, which closed the gap between first and second. DraftKings took $72.3 million in handle in February, up 23.3% from January.

Rush Street Interactive, which operates Rivers Philadelphia and Rivers Pittsburgh with Kambi, combined for third place with $43.6 million in online handle. That total was down 19.5% from January.

How other PA online sportsbooks fared

The state’s four other PA online sportsbooks took a combined $39.7 million last month.

About half of that stemmed from Parx Casino’s Kambi-powered sportsbook, which took $19.9 million in bets.

Fox Bet‘s online book through Mount Airy also contributed heavily to the remaining four with $14.4 million in handle.

Kindred’s Unibet, which operates through Mohegan Pocono, had $4 million in handle while Churchill DownsBetAmerica at Presque Isle had $1.4 million.

There will be a ninth online sportsbook vying for handle once the sports industry ramps back up. Caesars launched its online sportsbook powered by Scientific Games through Harrah’s Philadelphia on March 10.