PA Sports Betting Doubles Total Handle In January

PA Sports Betting Doubles Total Handle In January

PA sportsbooks combined to take $32 million in total bets and generated $2.6 million in total revenue in January 2019.

Based on numbers released by the Pennsylvania Gaming Control Board on Feb. 15, the total handled generated from Pennsylvania sportsbooks doubled in January compared to December. This comes on the heels of recent additions to the PA sports betting landscape. This now gives the Keystone State a total of six legal sportsbooks:

Legal PA sports betting generated a $32 million handle for the month of January, allowing the state's six sportsbooks to take in $2.6 million total in revenue. That's a leap from December's numbers of $2 million in total revenue based on $16.2 million in total wagers. In total, $938,597 in taxes was collected from PA Sportsbooks based on the state’s abnormally high 36% tax rate on total revenue.

Newly-Opened Parx Sportsbook Leads The Way In PA Sports Betting Revenue

Parx Sportsbook wasn't open for the entire month, but its soft opening Jan. 8 before officially opening for legal PA sports betting on Jan. 10 net the largest gross revenue numbers in the state out of the six PA sportsbooks.

Parx Sportsbook's total handle for January was $5,382,620 with gross revenue of $1,170,348. Parx's spot at the South Philadelphia Turf Club added to that total with $91,835 in gross revenue on a handle of $858,130. Rivers Sportsbook in Pittsburgh came in with a total of $853,316 in gross revenue on wagers totaling $9,543,112, good for second place in the state.

SugarHouse Sportsbook took the most bets out of all the sportsbooks in Pennsylvania with $10.8 million in total sports bets. Newcomer Harrah's Philadelphia Sportsbook that opened late in the month and still was able to pump some revenue into the casino with $103,569 in total revenue and a handle of $615,704.

NJ Sports Betting Surges While Legal PA Sportsbooks Play Catch-Up

NJ sports betting has been given a major head start on Pennsylvania sports betting. The Garden State legalized sports gambling in June 2018, shortly after PASPA was struck down by the US Supreme Court. In addition to launching several months before PA sports betting, New Jersey benefits from well-developed mobile sports betting operators, including DraftKings Sportsbook and FanDuel Sportsbook. Mobile sports betting in Pennsylvania has yet to be legalized, which would easily boost the number of PA sports betting players drastically.

The New Jersey Division of Gaming Enforcement released the latest numbers for sports betting in New Jersey. The total wagers in the state were $385.3 million, with $305 million coming from NJ online sports betting. While mobile sports betting in PA is close to being legalized in the first quarter of 2019, the delay could cause Pennsylvania sports betting to lag behind its neighbor in the Garden State.

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About Joseph Kata

Joseph is an Assistant Content Manager at BonusSeeker. He's previously worked as a Senior Site Manager for MLB and NHL.com. Over the last 15 years, he's written in sports, sports betting, real estate and dating sites. He enjoys participating in his two greatest passions: loving his family and informative writing.

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