Finance

PA sets new sports and igaming revenue records in November

1 minute read
Pennsylvania broke its sports betting and online gambling revenue records in November, though declining land-based revenue led to a year-on-year drop in the state’s monthly total.

Total gambling revenue in November amounted to $283.3m (£209.3m/€231.1m), down 2.7% from $292.1m in November 2019 and also 11.5% lower than the $320.2m posted in October this year, according to the Pennsylvania Gaming Control Board (PGCB) figures.

The decline came despite another strong performance from the sports betting vertical, with revenue after promotional credits reaching a record $37.4m,  up 153.7% and surpassing the previous record of $36.8m set in October this year.

Online sports betting accounted for $31.2m of this total, compared to $6.2m from retail wagering.

Players spent a total of $491.9m on sports betting in November, an increase of 55.4% on last year, but short of the record ($525.8m) set in October 2020.

Read the full story on iGB North America.

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