Pennsylvania smashes revenue and handle records in 2021
| By Robert Fletcher
Pennsylvania set a host of new records across a number of areas in its regulated gambling market in 2021, with total revenue in the state reaching $4.73bn (£3.49bn/€4.17bn).
The overall total was 78.5% higher than the $2.65bn generated in 2020 and up 38.7% from the previous year-high of $3.41bn in 2019, according to the Pennsylvania Gaming Control Board (PGCB).
Breaking down the figures by market segment, sports betting revenue hiked 79.3% year-on-year to $340.1m, while the state’s handle reached $6.55bn, up 83.0% on 2020 and the highest annual total since legal betting launch in Pennsylvania in 2018.
Valley Forge Casino Resort and FanDuel led the way with $150.9m in sports betting revenue, up 118.4% on the previous year. Penn National Gaming’s Barstool sportsbook at Penn’s Hollywood Casino at the Meadows ranked second with $68.3m in revenue, then DraftKings and the Hollywood Casino at Penn National with $22.0m.