Pennsylvania sports betting revenue soars in January
The Pennsylvania Gaming Control Board (PGCB) has reported a 16.9% year-on-year rise in gambling revenue for January, aided by growing contributions from igaming and sports betting.
Total revenue across all regulated verticals, comprising land-based table games and slots, online casino, sports betting, fantasy sports and video gaming terminals, rose to $302.8m. This came predominantly from the state’s land-based market, with slots accounting for $190.3m of the total, up 5.8%, and table games $72.6m, down 2.5%.
Sports betting, in a month in which the National Football League playoffs took place, saw total handle rise 1.7% month-over-month to $348.4m. This was largely wagered online, which accounted for $308.6m of total handle, a 3.8% advance on December 2019. Land-based stakes, meanwhile, fell 11.8% to $39.8m.
January’s sports betting revenue, after promotional credits, amounted to $22.8m, double December’s $11.4m take.
Valley Forge Casino, which has partnered Flutter Entertainment’s FanDuel, is now firmly established as the leading operator in the vertical. While the venue’s January handle of $156.1m was down marginally month-on-month, revenue jumped 96.7% to $8.1m.