Pennsylvania Sportsbooks Score Another Revenue Increase in August
Pennsylvania sportsbooks handled $363 million in bets in August, a $30 million increase from July. Revenue in the state was $42.1 million. Online casinos reached $131.7 million gross revenue in this month.
August handle is $363 million, revenue is $42.1 million and gross revenue (taxable) is 8.2 million. There are also promotional credits of $8. 2 million for Pennsylvania sports betting. Sports betting taxes are $11.5 million to the state and $679,066 to local entities. Top sportsbook app by handle: FanDuel Sportsbook with $130.8 million; top sportsbetting app with revenue: $16.9 million by Fanduel.
Pennsylvania Sportsbooks' revenue increased by 7.8% in August. The hold is 11.6% and the percentage of bets placed online is 91.7%. The state and local entities paid $11.5 million to the state, $679,066 to local authorities. FanDuel Sportsbook is the top sports betting app by handle with $130.9 million and $16. 9 million in revenue.
August 2018 numbers for online casinos and poker in Pennsylvania: Online slots revenue: $100.2 million, online table games revenue $28.7 million and online poker revenue of $2.3 million.
Pennsylvania sportsbooks handled $546.8 million in August. New Jersey sportsbook handle was $65.3 million. FanDuel has about 40% of the online sports betting market share in Pennsylvania. There are 18 online casinos in PA. In August, PA online casino had their fourth-best month ever, reaching $131.7 million gross revenue. Wind Creek Casino broke a Pennsylvania record for table games revenue with $23.6 million (42% YoY increase). Parx led the state for slot revenue, but it was a 6.2% decrease.
New Jersey sportsbooks handled $546.8 million in August. Pennsylvania sportsbook handle increased 7.7% from July. FanDuel has about 40% of the online sports betting market share in Pennsylvania. The NFL season has started well for sports books.
Pennsylvania Sportsbooks Score Another Revenue Increase in August. Online casinos had their fourth-best month ever, reaching $131.7 million in gross revenue. Wind Creek Casino broke a Pennsylvania record for table games revenue with $23.6 million.
