Home » Pennsylvania Online And Retail Gambling Generate the Highest Revenue From Sports Betting In September
Sports Betting

Pennsylvania Online And Retail Gambling Generate the Highest Revenue From Sports Betting In September

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.

Source: https://calvinayre.com/2019/10/17/business/pennsylvanias-sports-betting-online-casino-jump-in-september/

About the author

Isaac Munga

Isaac Munga

I am a person with sound background in imparting knowledge. I enjoy the challenges of a busy and demanding work environment, self motivated and work under minimum supervision. I always seek the position of responsibility, professional development and growth opportunity.

Uphold the ethics of my profession by distinguishing myself with absolute integrity and striving to work within the confines of my employer’s policies and procedures. I use my education and experience to work towards improving human clause.

Add Comment

Click here to post a comment

The following GDPR rules must be read and accepted:
This form collects your name, email and content so that we can keep track of the comments placed on the website. For more info check our privacy policy where you will get more info on where, how and why we store your data.