Pennsylvania Archives - Legal Sports Report

PA Sports Betting Results Show Aggressive FanDuel Push Working

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 […] Read More

Posted on: May 19, 2022 | | Matthew Waters

Pennsylvania Sportsbooks Top $1 Billion In Gross Revenue

Pennsylvania sportsbooks passed a key milestone in March when they topped $1 billion in gross revenue since launch in November 2018. Gross sports betting revenue hit $1.014 billion with the March report, which Pennsylvania regulators released Monday. That does not tell the whole story for Pennsylvania, though, since promotional deductions are allowed for online PA […] Read More

Posted on: April 19, 2022 | | Matthew Waters

PA Sportsbooks Promo Their Way To Negative Revenue In February

Not many states had a great February but heavy promos made results even bleaker at PA sportsbooks. A slower sports betting calendar led to $597.1 million in handle, which was a 24.8% drop from January’s record $793.7 million. Hold was 3.7% for $22.2 million in sports betting revenue, but promo deductions of $22.6 million led […] Read More

Posted on: March 21, 2022 | | Matthew Waters

PointsBet Opens Online PA Sportsbook In Time For Super Bowl Betting

PointsBet has been plenty busy lately with new market launches into two of the top online betting states in the country. The Australia-listed sportsbook soft-launched online Monday in Pennsylvania. The soft launch, which should last for three days pending final approval, came quickly on the heels of PointsBet’s license approval Jan. 19. The hastened timeline […] Read More

Posted on: February 8, 2022 | | Matthew Waters

PA Sportsbooks Report Handle, Revenue Drops in December

PA sportsbooks reported their second straight month of handle decline – something that has not happened previously during football season. Total handle for December was $750.4 million, down 1.5% from the $761.6 million reported in November and 3.3% from the record $776.3 million bet in October. The unusual two-month skid during NFL betting season might […] Read More

Posted on: January 21, 2022 | | Matthew Waters

Pennsylvania Sportsbooks Smash Revenue Record In November

Pennsylvania sportsbooks posted $84.9 million in November revenue, easily besting the previous record of $49.3 million set in January. Read More

Posted on: December 22, 2021 | | Brad Allen

PA Sportsbooks Blast Past Handle Record With $776M Bet In October

An extra full weekend in October helped push many US sports betting jurisdictions to new heights and PA sportsbooks are no different. Read More

Posted on: November 17, 2021 | | Matthew Waters

Analysis: Are Sportsbook Suppliers Being Squeezed Out Of US Sports Betting?

US sportsbooks are increasingly bringing their technology in-house, but is there a potential change in the trend for sportsbook suppliers? Read More

Posted on: November 1, 2021 | | Brad Allen

Pennsylvania Sports Betting Nears Three-Year Handle Record

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 […] Read More

Posted on: October 21, 2021 | | Pat Evans

PA Sportsbooks Report Decreased August Revenue Despite Handle Lift

Pennsylvania sportsbooks chased off the summer handle slowdown felt throughout the US in August, but revenue did not benefit. Sports betting revenue slid for the second straight month, hitting $25.3 million in August. That is good for a 7.3% hold on the $348.5 million wagered for the month, according to the state report. Revenue might […] Read More

Posted on: September 21, 2021 | | Matthew Waters