In September 2019, sports betting in the State of Pennsylvania has reached a new height. The Pennsylvania Gaming Control board has verified that online and retail gambling has almost doubled in September when compared to the same period in 2018.
During that month, Pennsylvania Sportsbooks generated $194.5 million compared to $109 million in August. The 78.4 percent increase has been credited to the start of NFL season, which has led to the rise of gambling activities.
Jessica Welman, the sports betting analyst of PlayPennsylavania.com, acclaimed the growth, saying that a jump was expected with the start of NFL. He added that the football season is the best time to gauge the performance of the market due to its popularity with gamblers.
Online gambling has been a significant contributor to the operator’s revenue representing 81 percent of the state’s total handle. Land-based operators have reported a total revenue of $13.7 million, which is an increase from $6.3 million in August. Online gambling has also grown from $83.2 million in August to $158.2 million in September.
FanDuel Sportsbook and Valley Forge Casino lead in the Online handle with $85.1 million in September and $35.3 million in August. The increase in online gambling revenue indicates that Pennsylvania market is evolving.
FanDuel and Fox Bet plan to merge, according to Dustin Gouker of PlayPennsylavania.com, it would be one of the most recognized brands in the industry. He added that online gambling would remain a fierce force with a huge share of the gambling revenue.
In the retail market, Rivers lead the market with $7.3 million in September, from $4.9 million in August. SugarHouse, Parx and Penn National casino also registered a productive September.