The Keystone State’s sports betting market saw an increase in betting handle in March following a dip in February.
According to figures from the Pennsylvania Gaming Control Board (PGCB) bettors in the state wagered $560.3m on sports in March.
March’s betting handle was up from the $509.5m wagered in February but was lower than the record $615.3m wagered in January.
The majority of the state’s handle came from online betting after bettors in the state wagered $514.3m via online and mobile sportsbooks.
Sportsbooks in the state managed to generate $41m in revenue from sports betting. In March, promotional spending dropped to $11.6m from $16.8m in February.
After accounting for the promotional spend, operators managed to generate a combined $29.4m in taxable betting revenue. Of this, $9.9m was allocated to state coffers.
How each operator performed
The Valley Forge Casino license, which hosts the FanDuel sportsbook, processed $205.9m in bets and held onto $9.9m in taxable revenue. This made FanDuel the highest performing sportsbook operator for the month of March. Bettors wagered $202.8m via FanDuel’s online sportsbook.
DraftKings, which operates under the Meadows license, took second place after processing $118.4m in bets, $116.6m of this came from online bets. The operator managed to generate $6.3m in taxable revenue after subtracting the $1.6m spent on promotional credits.
Penn National Gaming’s Barstool Sportsbook, which operates under the Hollywood Casino license, took third place in March. The Barstool sportsbook took $65m in bets and managed to generate $3.7m in taxable revenue after spending $2.8m on promotional credit.
Meanwhile, Rush Street Interactive’s BetRivers brand, which operates sportsbooks at casinos in Pittsburgh and Philadelphia, processed $54.9m in bets and managed to generate $3.5m in taxable revenue.
Where does Pennsylvania sit in the national picture?
In February, Pennsylvania was overtaken by Illinois in terms of its monthly betting handle.
However, now that the in-person registration requirement has returned to Illinois, the state could see its rapid growth come to a halt, paving the way for Pennsylvania to retake its spot.
So far in March, New Jersey has taken $859m in bets, Indiana has taken $316.7m in bets and Iowa sportsbooks have processed $161.4m.
West Virginia has taken $42.8m in sports bets in March while, Delaware has processed $6.7m in March bets.
