Pennsylvania reports record monthly sports betting handle of $829m
Alongside record handle, sports betting revenue came in at $48.2m, 18.8% higher than last year. Of this total, $43.1m came from online, while $5.1m came from retail betting.
Penn Entertainment’s partnership with the Hollywood Casino at the Meadows generated the most sports betting revenue of any operator at $18.9m, from more than $258m in monthly handle.
The Valley Forge Casino Resort, in partnership with FanDuel, reported the highest handle at $328m, but fell to second in the revenue rankings at $18.2m.
No other operator reported sports betting revenue of higher than $2.5m for October.Overall iGaming revenue for the month of October came in at $154.8m, the vast majority of which came from online slots at $109.8m. Retail slots revenue, meanwhile, reached $192.5m.
Finally, fantasy contents revenue hit $2.7m for the month, a decrease of 4.3% on last year.
DraftKings topped October’s fantasy revenue chart with $1.9m, up 15.4%, ahead of FanDuel in second place with $576k, down 40.9%.
Sources of regulated gaming revenue in Pennsylvania include slot machines, table games, iGaming, sports betting, fantasy contests and video gaming terminals.
The Pennsylvania Gaming Control Board is tasked to oversee all aspects of gambling across 17 land-based casinos, online casino games, and both retail and online sports wagering.
The land-based casino industry in Pennsylvania consists of six racetrack casinos, five stand-alone casinos, two resort casinos and four mini-casinos.
The state’s regulated gaming industry generated more than $2.3bn in tax revenue during the 2022/2023 fiscal year.