Mobile betting powers record PA sportsbook handle
Operators in Pennsylvania handled a record $59.3m on sports bets in July as the online sportsbook handle doubled to $39m and overtook retail figures for the first time.
Pennsylvania sportsbooks took in $5.1m in revenue from betting – which declined to $2.9m after promotional credits (bonuses) – and paid $969,727 in taxes.
The amounts wagered broke the previous record set in June – the month in which online sports betting first launched – of $46.3m.
The market has significantly benefitted from the online roll-out, which accounted for $2.9m of total revenue, despite only four operators having launched in the channel. However operators spent $2.2m promotional credits, which ate up the bulk of online revenue, leaving $665,798.
Rush Street's SugarHouse Casino led the market in July, accounting for $26.5m of amounts wagered, and $540,766 of revenue after bonuses. Having been the first to launch online wagering in the state in May, it continued to dominate the channel.
Online handle for the month amounted to $22.2m, with revenue of $1.5m representing a 22.2% month-on-month increase, helped by the launch of the state's first iOS betting app.
Read the full story on iGB North America.