PA Sportsbooks Enjoy June Jump Thanks To Double-Digit Hold

Posted on July 19, 2021
Pennsylvania sports betting
Posted By on July 19, 2021

A slight decline in handle was no issue for PA sportsbooks in June, as Pennsylvania sports betting revenue jumped 15% month-on-month to $42.5 million.

That uptick was powered by a healthy hold rate, with books holding 10.1% of all wagers for the month.

That followed a pattern seen in other states in June.

Summer slowdown for PA sports betting handle

PA sports betting handle dipped 6% month-on-month to $420 million.

The state cleared around $12.3 million in taxes, per the state report.

Meanwhile, bettors enjoyed $8.3 million in bonuses from books.

Who led Pennsylvania sports betting?

On an operator level, FanDuel stretched its lead slightly at the top of the market. It grew handle share from 36% in May to 39% in June.

It did even better when measured by revenue share, which clocked in at 47% of all PA sports betting revenue. That was down one percentage point from May.

However, FanDuel was the most generous operator in terms of bonuses, giving away more than $3 million in free plays. 

The firm also enjoyed a better than average 12.2% hold. It has previously praised its same-game parlay product for inflating hold rate.

Battle for podium position in Pennsylvania sports betting

DraftKings was second in PA handle with a 21% share.

That was down a couple of ticks from 23% in May.

DK also lagged behind in hold at 7.5%. That led to a 15% share of statewide revenue for the month.

Head-to-head PA sportsbooks

BetMGM took over third place in the market from Barstool for the first time, by handle at least.

BetMGM had 8.9% of handle compared to 8% for Barstool. However, Barstool generated $3.5 million in revenue versus $3.2 million for BetMGM.

BetMGM also spent roughly double the amount on promos.

Rivers came in next in the market, splitting 10% of handle roughly equally between BetRivers and SugarHouse.

Other operators and their share of handle:

  • Parx: 3.8%
  • Fox Bet: 3.1%
  • Unibet: 1.4%
  • Caesars: 1.1%
  • TwinSpires: 1.1%
  • Betway: 1.1%
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Brad Allen

Brad has been covering the online gambling industry in Europe and the US for more than four years, most recently as the news editor at EGR Global.

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