Pennsylvania set new record handle in January
Pennsylvania Sports Betting handle surged past $600 million in January.
For the first time in its history, Pennsylvania surpassed the $600 million mark in total sports betting handle for a month, setting a new record for the state in the process. Additionally, iGaming revenue in the Keystone State set a new benchmark. Earlier this week, the state revealed a total handle for January of $615.3 million, sailing past December’s $548.6 million. The total increase from December to January was 12.2%.
New Jersey also revealed its January numbers this week, with the total handle actually decreasing in the Garden State for December. New Jersey’s numbers for January were $958.7 million, still impressive and its second-best month after December’s national record of $996.3 million. Numerous states have posted January numbers that have set new records.
Online casino gaming in Pennsylvania also set a record. Gross revenue was above $80 million for the first time, which was 11% over the previous record posted in December of $71.6 million. Mobile betting via sportsbook apps dominated the landscape in Pennsylvania, accounting for 94.3% of the market. The online sports betting handle for January was $579.9 million, up 8.4% from December’s $535.2 million.
The numbers for January may have been even better had hometown favorites the Pittsburgh Steelers advanced past the NFL Playoffs’ wild-card round. The Steelers began the campaign like a house on fire, winning their first 11 games. However, that fire quickly fizzled out and the season came ended on January 10th with a 48-37 defeat in the first round of the payoffs to the Cleveland Browns.
Casinos in Pennsylvania were given the green light to re-open on January 4th at 50% capacity. They had been required to shut for three weeks because of a coronavirus surge in the state.
Breaking Down the Numbers
The gross sports betting revenue was $33.9 million, which was just short of December’s $34 million. Breaking this down further, revenue from table games in January was $50.8 million, an increase of 198% from December’s $17.1 million. Interactive slots handle was revealed as $1.401 billion, up 6.9% from December’s $1.311 billion.
Interactive banking tables handle was $1.555 billion, which was a decrease of 3.1% from December’s $1.605 billion. There is only one current live online poker operator in Pennsylvania – PokerStars. The brand launched in November 2019 thanks to a partnership with the Mount Airy Casino. PokerStars reported online poker revenue was $2.73 million, roughly the same as the previous month.
Leading PA Sportsbooks
FanDuel, in partnership with Valley Forge Casino, had the highest handle among operators at $223.3 million. This was a 6.7% increase over December’s $209.2 million. Next up is DraftKings, which is partnered with the Meadows Casino. They saw a 10.4% increase in January handle, jumping from $131.5 million in December to $145.2 million in January.
Barstool Sports and Penn National’s Hollywood Casino reported an 8% decline in January. Numbers fell to $66.5 million from December’s $72.6 million. Although a decrease, it was still easily the third-highest figure after FanDuel and DraftKings.
All of the BetRivers platforms, Rivers Philadelphia and Rivers Pittsburgh, combined for $59.4 million, up 17.4% from December’s $50.6 million. Finally, the BetMGM app had its first full month in January after launching in December. It had a good start reporting $39.3 million for January.
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