Pennsylvania Archives - Legal Sports Report

Keystone Props: Pennsylvania Sports Betting Hits $600 Million Handle in January

PA sports betting figures continued to climb to record heights in January. A record $615.3 million was wagered last month, according to the Pennsylvania sports betting state report released Wednesday. That tops the previous record of $548.6 million in December. The wagers generated $33.9 million in gross revenues, a dip from the $34.1 million in […] Read More

Posted on: February 17, 2021 | | Pat Evans

GeoComply Data Show Legal Online Sports Betting Transactions Triple For Super Bowl

Online sports betting data from GeoComply shows more than triple the action on Super Bowl weekend compared to last year. Online transactions topped 32 million over Saturday and Sunday, up 236% from 9.5 million in 2020. That figure includes all legal online sports betting markets, of which there were an additional seven this year: Colorado […] Read More

Posted on: February 8, 2021 | | Matthew Waters

Why US Sportsbooks Couldn’t Handle Super Bowl 55 Traffic

Customers reported outages at regulated books across the country during Super Bowl 55, including BetMGM in Nevada, FanDuel and DraftKings. Read More

Posted on: February 8, 2021 | | Brad Allen

PA Sports Betting Market Continues Upward Trend In December

The PA sports betting market decided to break one more record before putting a bow on a trying 2020. Pennsylvania sportsbooks took $548.6 million in bets for December, setting a new state record. The previous record was $525.8 million from October. Sports betting revenue was $45.3 million, though that drops to $34.1 million in taxable […] Read More

Posted on: January 19, 2021 | | Matthew Waters

NFL Schedule Shares Blame For PA Sports Betting Handle Dip To $490M In November

The Pennsylvania sports betting market has been growing and breaking records just like most others – until November, that is. Read More

Posted on: December 17, 2020 | | Matthew Waters

Spare Change Fantasy Sports App Closes $250,000 Angel Funding Round

A spare change app like Acorn, Hedge aims to provide "the life-changing hope mechanism of the lottery, without the negative financial drawbacks." Read More

Posted on: November 24, 2020 | | Brad Allen

Did Pennsylvania Sports Betting Promo Spending Really Drop In October?

Pennsylvania became the third US jurisdiction to eclipse the half-billion dollar sports betting handle mark in a single month. Handle hit $525.8 million in October, setting a new PA sports betting record. That’s up 13.6% from the previous record of $462.8 million set in September. Only New Jersey and Nevada have broken the $500 million […] Read More

Posted on: November 17, 2020 | | Matthew Waters

What Penn National Thinks Of Barstool Sportsbook So Far

It’s still early days, but so far the Barstool Sportsbook app has exceeded almost every internal goal Penn National set for it, according to Penn’s CEO. That’s a good sign for Penn since the nationwide rollout is going to happen quickly, CEO Jay Snowden said. “We plan on being live in every state where we […] Read More

Posted on: October 30, 2020 | | Matthew Waters

Analysis: How Free Bets, Bonuses Can Prop Up US Sports Betting Revenue

Pennsylvania sportsbooks gave away 92% of their online sports betting revenues as promotional credit in September. Is that a sustainable level? Read More

Posted on: October 20, 2020 | | Brad Allen

Pennsylvania Sports Betting Market Joins Record Party

Pennsylvania joined the list of states hitting new sports betting heights in the packed sports month of September. Handle totaled $462.8 million in September, quickly topping the record set in August by 26.8%. It’s the first time the market broke the $400 million handle mark. Revenue, however, did not hit a new record, according to […] Read More

Posted on: October 16, 2020 | | Matthew Waters