FanDuel is staying aggressive when it comes to acquiring players and it shows in the PA sports betting report for April.
Pennsylvania sportsbooks reported $572.8 million in handle for April. That is down nearly 19.9% compared to March because of a slower sports calendar, but is up 19.5% from last April.
Sports betting revenue grew both sequentially and year-over-year to $49.1 million, though promo deductions dragged taxable revenue down to $33.7 million. Operators paid $12.1 million in state and local taxes for the month.
FanDuel dominating mobile PA sports betting
Pennsylvania is consistently one of the top states in terms of mobile sports betting share. That did not change in April with 93.6% of all handle coming from online.
FanDuel Sportsbook led the three most important categories in handle, revenue and promotional deductions.
That is not a surprise, of course, as FanDuel has consistently sat atop the PA leaderboards. Notably, the brand saw its share across all three categories grow in April compared to March, which is in line with management’s comments about staying aggressive in customer acquisition.
Three operators control majority of mobile market
Pennsylvania has 14 online sportsbooks live. Most of the 11 other operators appear to be fighting for scraps left over by the three market leaders, though.
FanDuel, DraftKings and BetMGM accounted for 76.8% of mobile handle share and 83.3% of revenue share in April. That fell in line with promotional deductions as well, with the three accounting for 80.5% of all deductions for the month.
The numbers show BetMGM also is still pushing in Pennsylvania. The operator reported a 12.3% mobile handle share and 10.2% revenue share but accounted for 30.6% of promos. Compare that to DraftKings, which had just 12.3% of promo deductions but 22.2% of handle and 11.5% of revenue.
PointsBet still ramping up
The most interesting operator to watch in Pennsylvania might be PointsBet. The brand launched in February to capture some Super Bowl betting and accounted for 5.6% of promo deductions, despite just a 2.6% handle share in April.
PointsBet would have to jump over some established brands in the market to climb to fourth place, though. Penn National‘s Barstool Sportsbook is the fourth-place book with 7.1% of mobile handle share right now followed by Rush Street Interactive‘s BetRivers at 4.9%.
One positive for PointsBet is its marketing deal with NBCUniversal, which gave the brand exposure in Pennsylvania through the NBC Sports Philadelphia RSN before it went live. Another plus is the brand launched its online casino last month, which should lead to cross-selling opportunities.