Pennsylvania Sports Betting Handle Soars: Online Success The Reason Why
Pennsylvania’s sports betting numbers are out for November and they are by far and away records for the state.
Figures posted Tuesday by the Pennsylvania Gaming Control Board showed that sports betting handle jumped 31.2% from October’s $241.2 million to $316.5 million, with 84.3% of that coming online.
That’s slightly up from 82.4% in October but the total mobile handle figure of $266.7 million was a huge jump on the previous month ($198.7 million), representing a 34.3% rise.
Clearly its the surging mobile sports betting market, bolstered by new sportsbooks coming online and a busy month for sports, that is behind those impressive numbers.
FanDuel remains dominant
The daily fantasy sports giant turned sportsbook, which is partnered with the Valley Forge Casino Resort, took $149.7 million in bets last month, a rise of 31.4% from October.
The total represented 56.1% of all online/mobile wagers placed inside Pennsylvania, and 47.3% of the state’s total handle.
Its dominance wasn’t quite as marked as in October, when it recorded a 57.3% market share, and that is likely down to increased opposition.
Roster of online brands now at seven
Last month saw the launch (Nov. 4) of DraftKings in partnership with Penn National’s Meadows Racetrack and Casino, and the operator is off to a solid start after taking $ 16.2 million in bets.
Kindred’s Unibet brand also launched in November through an agreement with Mohegan Sun Pocono, and took $ 1.9 million wagers in less than half a month.
How did other Pennsylvania operators fare?
Two more established brands, BetRivers and PlaySugarHouse, operated by Rush Street and Kambi, combined for a total of $63 million in online handle, less than half that of FanDuel but good enough for second spot.
Greenwood Gaming’s Parx came in third for online handle with $22.4 million, while FOX Bet, which operates with Mount Airy, generated $13.5 million, a rise of 72.2% from October.
That big jump is possibly down to Fox’s gaming partner, The Stars Group, launching online poker last month under the PokerStars brand.
$1 billion in lifetime wagers
Last month, every online and retail sportsbook in the state recorded month-to-month gains in betting volume and, since mobile betting launched in the summer, each month has brought a new record high in handle.
In just over a year since its launch – PA’s first retail sportsbook opened on Nov. 17, 2018 – the state’s industry has now surpassed $1 billion in lifetime wagers, quickly growing into the third-largest legal sports betting jurisdiction in the country behind Nevada and New Jersey.
The Garden State accepted $563 million in bets in November and will continue to post higher volume numbers than it’s neighbor for a good few months yet. But don’t bet against Pennsylvania online sportsbooks winning that particular battle over time.
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