Pennsylvania Sports Betting Nears Three-Year Handle Record

Posted on October 21, 2021
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Written By on October 21, 2021

Pennsylvania sports betting joins the growing list of markets making big jumps in September.

Pennsylvania sportsbooks took $578.8 million in bets in September, according to a state report released Tuesday. That handle is up 66% from August’s $348.5 million.

Nearing the $600 million mark, September’s handle is the second-highest yet for the Keystone State, behind January 2021‘s $615.3 million. The September handle is also a 25% increase from September 2020, when Pennsylvania sportsbooks took $462.8 million in bets.

Revenue jumps for Pennsylvania sports betting

Pennsylvania sportsbooks generated $48.1 million in gross revenue, an 8.3% hold. That revenue figure is up 90% from August’s $25.3 million.

With the $19.9 million in promotions, there was $28.3 million in taxable revenue. Sportsbooks paid more than $10 million in state and local taxes in September.

September 2021’s taxable revenue is up 350% from the $6.3 million in September 2020. The sports calendar remained limited by the pandemic at that time.

Online dominance

PA online sportsbooks took $527.4 million in bets. That is 91% of the total handle in the month.

Operators were generous with promotions, awarding $19.9 million to bettors during the month, or 48.7% of the $40.9 million in revenue that online PA sportsbooks generated. Football season is a key time for operators to attract and retain customers.

FanDuel Sportsbook paced the market with $183.7 million in handle, while DraftKings Sportsbook trailed with $164.7 million. Barstool Sportsbook and BetMGM Sportsbook were a distant third and fourth, with $52.8 million and $50.7 million, respectively.

OperatorOnline HandleGross RevenueHoldPromosMarket Share
FanDuel$183.7 million$21.2 million11.6%$7.2 million34.8%
DraftKings$164.7 million$5.1 million3.1%$3.1 million31.2%
Barstool $52.8 million$2.6 million5.0%$1.7 million10.0%
BetMGM$50.7 million$5.6 million11.0%$5.2 million9.6%
BetRivers$19.8 million$1.8 million9.3%$576,4083.7%
FoxBet$15.2 million$1.2 million7.9%$401,6842.9%
SugarHouse$13.5 million$1.2 million8.9%$188,2262.6%
Parx$12.0 million$1.0 million8.5%$301,3742.3%
Unibet$7.3 million$511,1717.0%$356,5431.4%
TwinSpires$3.5 million$307,5188.8%$452,300<1%
Caesars$2.4 million$219,8299.0%$256,415<1%
Betway$1.0 million(-$23,818)----<1%
Wind Creek$921,828$57,8736.3%$39,894<1%

Big month for sportsbooks

The start of 2021 NFL betting has been productive for US sportsbooks. Many legal US sports betting markets set all-time handle records in September 2021.

Perhaps most notable was New Jersey, which became the first market to surpass $1 billion in a single month.

Other notable states to hit high points in September:

Multiple states also launched legal sports betting during September, including Arizona. That market was eagerly anticipated and early data shows bettors were hungry for sports betting.

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Pat Evans

Pat Evans is a Las Vegas-based reporter covering sports business. Evans previously worked at Front Office Sports and the Grand Rapids Business Journal. He has authored two books: Grand Rapids Beer and Nevada Beer.

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