PA Sports Betting Revenue | SugarHouse Sportsbook Leads In May

PA Sports Betting Revenue | SugarHouse Sportsbook Leads In May

Six months after taking its first legal sports wager in Pennsylvania, SugarHouse Sportsbook is showing itself to be a clear step above many of its competitors.

SugarHouse, located in Philadelphia, trails only Pittsburgh’s Rivers Casino Sportsbook in total betting handle and revenue since both sportsbook went live in December 2018. It sits in a very close second, with under $3 million in total money and less than $1.5 million in revenue separating the two. According to the May monthly sports wagering report from the  Pennsylvania Gaming Control Board, there could be even less to separate them than we thought.

SugarHouse beat out all Keystone State sportsbooks in May by producing $711,845 in total revenue. This marks the first time it defeated Rivers to lead the industry, and the recently-added online platform has something to do with it. In total, SugarHouse racked up $48.5 million in revenue over the past six months and almost $4 million in revenue while creating almost $1.5 million in taxes for the state.

Excluding its debut accepting sports wagers in December, SugarHouse has pulled in at least $7 million in total money each month in operation. It may not be the industry leader across the board, but the impact SugarHouse is having on sports betting in Pennsylvania is palpable. It is also definitely worth noting that Rush Street Gaming, which operates SugarHouse, is rebranding the casino to bear the Rivers name, meaning the overwhelming of industry revenue will all be under the same brand.

Below is a month-by-month breakdown of betting handle, gross revenue and state tax for PA sports betting at SugarHouse:

SugarHouse Sportsbook

Dec. 2018

Jan. 2019

Feb. 2019

March 2019

April 2019

May 2019

2018/2019

Total

Handle

$5,539,806

$10,795,121

$7,091,933

$9,223,827

$7,920,797

$7,923,839

$48,495,324

Gross Revenue

$642,213

$103,523

$522,308

$1,237,301

$781,163

$711,845

$3,998,353

State Tax (34%)

$218,353

$35,198

$177,585

$420,682

$265,595

$242,027

$1,359,440

SugarHouse set the bar for monthly revenue among all Pennsylvania sportsbook when it produced over $1.2 million in March and will surely pass the aforementioned $4 million threshold in time for the June report. There’s also an added dynamic contributing monthly revenue for SugarHouse this time around, and it signals the start of an important change in the PA sports betting industry.

SugarHouse Adds PA Sports Betting To Revenue Total In May

For the first time, not all sports betting revenue in Pennsylvania comes from land-based venue. SugarHouse became the first to launch a PA online sportsbook, first accepting online bets in late May 2019. The expectation is that other brands in Pennsylvania will be able to post betting odds via an online platform, but so far it’s only SugarHouse, which has its betting services provided by the Kambi Group through a partnership with Rush Street.

SugarHouse Online Sportsbook entered the market withaurthority, and in just a few days on the market, generated some impressive figures. SugarHouse was able to eclipse April’s handle in may by totaling $573,163 along with $38,753 in gross revenue, providing just a taste of its capability. Next month’s wagering report should provide more clarity on what SugarHouse can accomplish in the online betting space in Pennsylvania moving forward.

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About Brian Sausa

Brian Sausa is BonusSeeker’s Copy Editor and lead sports betting pundit. A journalism graduate with an extensive sports background, Brian has been employed by multiple professional leagues including MLB, MiLB (Minor League Baseball), and the NHL.

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