Pennsylvania Sports Betting Revenue. The pennsylvania gaming control board (pgcb) produces monthly financial reports. The majority of sports betting in pa now happens online and the pennsylvania market is consistently in the top 3 states for volume of monthly wagers.
The pennsylvania gaming control board (pgcb) produces monthly financial reports. This brings the total sports betting handle for fiscal year 2020/2021 to $5,591,029,597 with $440,656,574 in sportsbook revenue and $105,008,722 in state tax. Here are three takeaways from december’s gambling in pennsylvania report.
Only fox bet, ( $229,469 revenue, up from $159,013) reported an increase in revenue.
Taxable revenue during february 2021 for sports wagering was $16.4 million, more than three times (246%) the amount of revenue generated in february of last year. Pennsylvania sports betting tax revenue. Sportsbooks in the state won $53.4 million in gross revenue from wagers, up 8.3% from january last year and up 17.9% from december.
Sports betting handle, revenue down.
10 rows pennsylvania sports betting handle (since legalization): Sports betting revenue starts rolling in sports betting in pa started out with retail only. 15 rows the pa sports betting industry is blossoming into maturity, with handle for november 2020 over.
Pennsylvania sports betting revenue a record.
The majority of sports betting in pa now happens online and the pennsylvania market is consistently in the top 3 states for volume of monthly wagers. Bettors wagered more than $5.5 billion on sports last fiscal year in pennsylvania and as the busiest betting period kicks off this weekend, the keystone state is on pace for an even larger handle. Pa sports betting is poised to become one of the biggest markets in the near future.
Rivers pittsburgh placed first for the market with $9.2 million in bets, followed by parx, at $8.3 million in handle.
Sportsbooks saw a 7.3% hold rate, with $25,315,958 in sports betting revenue. This is 42% lower, a large drop, from june’s $34.226 million. Here are three takeaways from december’s gambling in pennsylvania report.
This brings the total sports betting handle for fiscal year 2020/2021 to $5,591,029,597 with $440,656,574 in sportsbook revenue and $105,008,722 in state tax.
Retail sports wagering handle* $822,461 $2,095,904 $2,452,513 $2,810,383 $2,149,541 $785,958 $1,493,327 $1,742,505 $1,652,959 $1,387,887 $1,365,165 $1,635,660 $20,394,263 gross revenue (taxable) $98,298 $185,455 $370,351 $461,138 $295,392 $51,429 $240,960 ($146,188) $348,489 $239,553 $174,487 $246,582 $2,565,948 Despite a slight tick down in total and online sports betting handles, the november gross sports betting revenue was off the charts. They closed the month with $32.2 million in taxable revenue, yielding $11.6 million in state taxes.