The Pennsylvania Gaming Control Board has released April’s sports betting revenue and handle numbers. The report shows that the state raked in $572,152,802.80 in bets. This is a sharp decline in handle from the $723,545,806.25 wagered in March. Despite the decline, April’s numbers managed to push Pennsylvania to $21.5 billion in lifetime handle. PA is now the fifth state to reach this milestone.
Pennsylvania Sports Betting In Good Company
Pennsylvania sportsbooks are now in line with New Jersey, Nevada, New York and Illinois operators in eclipsing $21 billion all time. The Keystone State ranks fifth in total wagers among all U.S. markets.
Highest Lifetime* Betting Handle Thus Far
- New Jersey: $37.5 billion
- Nevada: $31.9 billion
- New York: $22 billion
- Illinois: $21.6 billion
- Pennsylvania: $21.5 billion
*post-PASPA repeal
The control board’s report also shows that $37,036,123.21 was collected in gross gaming revenue (GGR). This is also down from the $50,645,259.24 in GGR back in March. March had the benefit of March Madness betting giving a boost to action and revenue.
The state collected $12,592,281.93 in sports betting taxes, bringing lifetime state tax revenue to $427.6 million in Pennsylvania. This stems from $1.72 billion in lifetime GGR. Pennsylvania’s market has maintained a dominating presence since launching.
Online Sportsbooks Dominate
Pennsylvania sees a large portion of its total action from online sports betting sites. $536,265,702.33 came from mobile betting apps in PA in April. This is 93.72% of the entire betting market during that time. FanDuel Sportsbook was the leading operator during that stretch, holding 40% of the market with $214.5 million in wagers.
DraftKings held 27% with $157.7 million in bets. BetMGM rounded out the big three, holding 7.5% of the total market with $44 million bet in April.
Mobile betting dominance continues a trend across the industry. In most of the top sports betting states, mobile apps hold more than 90% of the market. Nevada is the exception, with mobile apps claiming more than 83%.
Even newer sports betting states like Maryland, Ohio, and Massachusetts have all seen dominance from their mobile betting industry. This is a trend that is expected to continue across the industry as more markets launch with mobile sports betting.
