As known from:
VA
  • About Captaingambling.com
  • Our US Squad
  • Our Review Process
  • Gamble Responsibly
  • Get In Touch
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Contains commercial content
US Gambling Sites / Latest US Gambling Legal Updates & News 2022 / Pennsylvania Betting Revenue Falls by 42% in July

Pennsylvania Betting Revenue Falls by 42% in July

Mark Lewis
Mark Lewis
Publish Date: 19/08/2021
Fact checked by: Josh Schwartz

The latest revenue report by the Pennsylvania Gaming Control Board (PGCB) shows that the Keystone State did not fare any better than other states that were affected by the slow sports schedule in July.

pennsylvannia gambling

According to the report published on Wednesday, PA sportsbooks took in a combined $304.4 million in wagers in July, down 27.6% from June’s $420.2 million handle.

The state’s sport betting revenue also saw a significant decline month-on-month, with operators reporting a hold of $19.9 million in July, down by 41.8% from the $34.2 million reported in the previous month. However, when compared to the $8.1 million won by operators in the same month last year, there was a massive increase of 144% in revenue year-on-year.

The report further shows that $6.8 million of the revenue generated by sports betting went to the state coffers, representing 34% of the operators’ hold. In addition to the state tax, PA sportsbooks remitted an additional 2% or $397,124 to the host communities of the licensed facilities, as is required by the state’s gaming law.

Online Wagering Vs Retail

Just like in the previous months, more than 90% of Pennsylvania’s sports betting handle in July came in via online sportsbooks.

According to the report, online wagering accounted for 90.5% of the total handle for the month, at $275.4 million. The mobile handle for June was $379.3 million, indicating a 27.4% decline month-on-month.

The revenue posted by online operators in July was $17.2 million, a 41% decrease from the $29.3 million won in June.

Retail venues, on the other hand, took in about $29 million in wagers in the month, down from $40.9 million in June. The total amount won by physical sportsbooks dropped from $4.9 million in June to $2.7 million in July, translating to a 44.8% dip.

FanDuel Sportsbook is Still King in Pennsylvania

The numbers published by the PGCB place Valley Forge Casino far ahead of the competition in the Keystone State when it comes to betting handle and sports betting revenue.

The King of Prussia-based facility and its online partner, FanDuel Sportsbook, reported a total betting handle of $108.5 million in July. Of the total handle, $106.7 million came in via the FanDuel app and website, while the retail venue took in $1.8 million in bets. The operator’s total hold was $9.6 million, with $9.5 million coming from online customers.

Meadows Racetrack and Casino in North Strabane, which partners with Boston-based DraftKings Sportsbook, came a distant second after reporting $67.2 million in total betting handle and $2.9 million in revenue. The DraftKings app was responsible for the lion’s share of the handle and revenue, at $66.2 million and $2.8 million, respectively.

The third highest handle in the state was posted by Hollywood Casino Morgantown, which processed $29.0 million worth of wagers in the month. The venue, which is yet to launch onsite wagering, partners with BetMGM for online betting.

It’s sister casino, Hollywood Casino at Penn National Race Course followed closely with a handle of $24.5 million. $23.4 million of the total handle reported by the facility was processed by its online partner, Barstool Sportsbook.

Both venues are operated by Penn National Gaming.

The RSI-operated BetRivers Sportsbooks at Rivers Casino Pittsburgh and Philadelphia took in $17.9 million and $14.2 million in bets during the month, respectively.

Read Also
MLB announces 2022 Playoffs, World Series schedule
MLB has released its postseason schedule for 2022, which includes several important ...
Aaron Judge Awaits Arbitration Hearing with New York Yankees
The schedule of New York Yankees' right fielder Aaron Judge’s arbitration hearing ...
MLB All-Star game: Aaron Judge, Mookie Betts top first balloting update
MLB published the first update on the fan voting for the 2022 ...
Iowa Sports Betting Sets New Record as January handle Tops $300 Million
Sportsbooks in the Buckeye State reported an impressive $303.3 million in handle ...
Arizona Sportsbooks Report $50 Million in Gross Gaming Revenue for November
Bettors in the Grand Canyon State staked a combined $466.7 million in ...
Top Betting Sites
Top Betting Promos
SI Sportsbook
SI Sportsbook
SI Sportsbook Review
97/100
BetRivers.com
BetRivers.com
BetRivers.com Review
95/100
BetMGM Sportsbook
BetMGM Sportsbook
BetMGM Sportsbook Review
94/100
DraftKings Sport
DraftKings Sport
DraftKings Sport Review
92/100
FanDuel Sport
FanDuel Sport
FanDuel Sport Review
90/100
SI Sportsbook
SI Sportsbook Promo
BET $20 GET $200 IN FREE BETS
T&Cs apply
9.7/10
First deposit only | 21+ & located in VA | Promo code as seen| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly - Gambling Problem? VA: CALL 1-888-532-3500 | Full T&C apply
BetRivers.com
BetRivers.com Promo
100% up to $500
T&Cs apply
9.5/10
BetMGM Sportsbook
BetMGM Sportsbook Promo
100% up to $1000
T&Cs apply
9.4/10
DraftKings Sport
DraftKings Sport Promo
20% up to $1000
T&Cs apply
9.2/10
FanDuel Sport
FanDuel Sport Promo
$1000 No Sweat First Bet
T&Cs apply
9/10
Posts
Show More
Betting Tips
Get the latest updates in Sports and Casino via our Newsletter
header-hero-image
MLB Daily Picks:
Drew's DFS Picks
Our Team
Mark LewisJosh SchwartzDrew the DFS Guy
Mark Lewis
Mark Lewis
Editor
Josh Schwartz
Josh Schwartz
Editor
Drew the DFS Guy
Drew the DFS Guy
DFS Expert
Get the latest updates in Sports and Casino via our Newsletter

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

ccwww
Move to Top
Close
Our Sports Pros recommend these awesome Social Casino sites this week:
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site