PA sports betting and igaming revenue records tumble again in December
Total revenue from gambling in the state for December fell 42.2% year-on-year to $168.7m (£123.2m/€139.1m), while this figure was also 40.5% lower than the $283.3m recorded in November of last year.
As has been the case for a number of months now, this decline was primarily due to ongoing struggles in land-based casino, which continues to face restrictions such as reduced capacity and temporary closures due to the novel coronavirus (Covid-19) pandemic.
In contrast, sports betting revenue almost tripled from $11.4m in December of 2019 to $34.1m in 2020. Online accounted for $32.9m in revenue, compared to $1.2m at retail sportsbooks.
Players also spent more on sports wagering than ever before, with the state’s handle reaching $548.6m, up 60.1% on December of 2019 and surpassing the previous monthly record set in October 2020.
Hollywood Casino at Penn National led the Pennsylvania sports betting market in December with $13.9m in revenue and a handle of $72.6m.
Valley Forge Casino Resort and its FanDuel sportsbook ranked second with $7.3m in revenue, but a higher handle of $209.2m, while the Meadows Casino placed third with $5.4m in revenue off a handle of $131.5m.