What’s Behind The June Decline For PA Sportsbooks?

What’s Behind The June Decline For PA Sportsbooks?

Betting revenue reports for June have been a mixed bag so far, and Pennsylvnia sportsbooks found themselves on the declining side of the story. Operators took $393.5 million in bets during June, which is down 6.4% from last year and is the lowest handle for sports betting in Pennsylvania since last August. Sports betting revenue […] Read More

Posted on: July 21, 2022 | | Matthew Waters

FanDuel Keeps Pedal To The Metal In Latest PA Sports Betting Report

FanDuel accounted for 56% of PA sports betting net revenue in May thanks to heavy bonusing and a massive hold rate. Read More

Posted on: June 20, 2022 | | Brad Allen

Former Penn National Employee Charged With Insider Trading

A former Penn National Gaming software engineer is facing charges of insider trading in connection to the company’s acquisition of Score Media and Gaming. The Securities and Exchange Commission announced insider trading charges Monday against David Roda, former director of backend architecture for Penn Interactive Ventures, a Penn National subsidiary. Roda and a friend, Andrew […] Read More

Posted on: June 14, 2022 | | Pat Evans

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