Pennsylvania Sports Betting Nears Three-Year Handle Record

Written By Pat Evans on October 21, 2021
PA sports betting

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 Grand Rapids, Michigan-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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