Pennsylvania sports betting sees another increase in revenue in August

Figures released Monday by the Pennsylvania Gaming Control Board were only a small appetizer before the main course which, for sport bets is the NFL. Pennsylvania Sportsbook manipulated $363 million in the bets in Augustan increase of $30 million from July. Revenue in august was $42.1 million (a jump of 27% MoM). AP sports betting retained for August was 11.6%. It also meant another good month for sports betting as July’s holdback was 9.9%.

It was another huge month for online casinos in Pennsylvania as they reached $131.7 million in gross income.

Palestinian Authority gambling regulators have reported that revenue from all forms of gambling in minted condition $425.4 million in August, an increase of 4.24% compared to last year.

August 2022 numbers for sports betting in Pennsylvania

Pennsylvania Gaming Control Board numbers:

  • Handle: $363 million (7.8% YoM increase)
  • Income: $42.1 million / adjusted gross income (taxable): $8.2 million
  • Hold: 11.6% (vs. 9.9%)
  • Percentage of bets placed online: 91.7%
  • Promotional credits: $8.2 million
  • August sports betting taxes: $11.5 million for the state and $679,066 for local entities.
  • Best sports betting app by handle: FanDuel Sports Betting with $130.8 million
  • Best sports betting app by revenue: FanDuel Sportsbook ($16.9 million)

Full August revenue breakdown below.

Pennsylvania Online Casinos & Poker August 2022 Numbers

  • Online slot revenue: $100.2 million
  • Online table game revenue: $28.7 million
  • Poker revenue: $2.3 million

Full August revenue breakdown by PA casino licensee below.

A quick analysis of the August PA sports betting and casino numbers

AP Sports Betting August Takeaways

  • New Jersey published its figures on Friday and the state sports betting managed $546.8 million (a 2.8% increase from July). The increase in the MoM handle of PA was 7.8%. NJ sports betting revenue hit $65.3 million, a 45% jump from last month and beating PA MoM for revenue. New Jersey and Pennsylvania sports betting was very similar in terms of outfit. The New Jersey sports betting win (hold) was 11.9% and the AP sports betting win was 11.6%.
  • FanDuel continues to maintain approximately 40% of the online sports betting market share in Pennsylvania. The bookmaker consistently takes around 38-42% of all bets placed online in PA despite increased competition.
  • September and the NFL season are already shaping up to be big. It is neither a surprise nor a crush that the The NFL is the main course of sports betting. After week 1, GeoComply which sportsbooks use to check where bets are placed, released data which showed it was an “incredible start”. Total number of geolocation verifications in Pennsylvania jumped 29.7% to 15.3 million YoY. According to GeoComply data, Pennsylvania was second in legal sports betting markets in the United States only in New York for geolocation verifications.

PA Casinos August Takeaways

  • In an interview early last month with Casino Update, the marketing director of Parx Marc Oppenheimer says visitation rates are good, but business is down for slot machines. The August figures showed a 10.7% year-on-year decline in income from slot machines for Parx. But Parx still remained the top PA casino for slot revenue in August.
  • Online Casinos began arriving in Pennsylvania in the summer of 2019. There are now 18 online casinos in Pennsylvania and many of them have an extensive library of slots, table games, video poker, and the popular live dealer. direct. In August, PA online casinos had their fourth best month everreaching $131.7 million in gross income. This was an increase of around 6.6% MoM, showing that iGaming in AP still has room to grow.
  • Last month, Wind Creek Casino broke a Pennsylvania record for table game revenue with $23.6 million (42% increase year-on-year). What would that do for an encore? In August, Wind Creek overtook Parx and led the state in table game revenue with $17.7 million. However, this was a decrease of 6.2 years.

AP Sports Betting Management and Revenue by Operator August 2022

Licensed Online brand To manage Revenue Hold Taxes
Valley Forge FanDuel $132,134,266 $17,201,569 13.0% $4,903,233
Hollywood Meadows DraftKings $91,717,403 $10,599,382 11.6% $3,291,617
HollywoodMorgantown BetMGM $39,294,581 $3,887,315 9.9% $930,650
Hollywood National Penn Stool $24,002,897 $2,345,939 9.8% $633,199
Pittsburgh Rivers Bet Rivers $20,019,999 $1,806,615 9.0% $529,455
Philadelphia Rivers PlaySugarHouse $12,943,334 $879,937 6.8% $280,668
parx parx $10,730,014 $1,296,634 12.1% $392,175
Hollywood York PointsBet $7,104,420 $933,080 13.1% $178,024
Mount Airy fox bet $5,797,774 $805,390 13.9% $262,098
Mohegan Sun Pocono Unibet $4,964,805 $422,200 8.5% $100,858
Long live Philadelphia Bet $4,827,702 $778,291 16.1% $280,185
Harrah’s Philadelphia Caesars $2,886,886 $308,382 10.7% $110,544
Almost Isle TwinSpires $2,068,079 $229,137 11.1% $82,012
South Philadelphia Sports Betting and Racing $1,366,222 $198,024 14.5% $71,289
wind stream wind stream $1,121,940 $210,167 18.7% $75,271
Down in Lehigh Valley $1,025,309 $89,967 8.8% $32,388
Live Pittsburgh $780,693 $159,454 20.4% $57,403
Parx Shippensbourg $260,650 $33,661 12.9% $12,118
Total $363,046,972 $42,185,145 11.6% $12,223,188

PA Online Casino Revenue by Operator August 2022

Licensed Total income Slot machines the tables Poker Specials Taxes
Hollywood National Penn $55,382,429 $40,861,444 $14,217,714 $303,270 $11,460,252 $16,139,366
Philadelphia Rivers $33,525,757 $30,017,122 $3,398,256 $110,379 $6,723,837 $11,508,256
Valley Forge $19,034,055 $11,262,559 $7,771,496 $0 $1,294,685 $5,928,340
Mount Airy $6,278,050 $3,510,367 $1,077,333 $1,690,350 $1,439,136 $1,413,756
parx $6,222,080 $5,373,804 $848,276 $0 $1,461,578 $1,974,470
Harrah’s Philadelphia $3,470,639 $2,456,763 $377,912 $635,964 $260,183 $1,187,147
Long live Philadelphia $3,040,702 $2,676,291 $364,411 $0 $534,348 $1,065,019
wind stream $2,417,716 $2,232,714 $185,002 $0 $831,391 $688,222
Mohegan Sun Pocono $1,910,653 $1,546,897 $363,757 $0 $514,300 $543,522
Almost Isle Downs $420,359 $302,621 $117,737 $0 $2,389 $159,947
Total $131,702,440 $100,240,582 $28,721,895 $2,739,963 $24,522,098 $40,608,044

Main image by Katie Kohler