Rivers, SugarHouse Near $100M Combined In PA Sports Betting Handle

Rivers, SugarHouse Near $100M Combined In PA Sports Betting Handle

The two most popular sports betting operators in Pennsylvania continue to impress with each passing month, and are now extremely close to combining for a major milestone. 

Rivers Sportsbook and SugarHouse Sportsbook, both of which are operated by powerhouse Rush Street Gaming with sports betting services provided by Kambi Group, have been the top money producers for PA sports betting since going live six months ago. When we look at the combined revenue for the state’s two top earners, we see they’ve combined for a large portion of the industry’s finances. Sports betting Pennsylvania has taken in over $198 million in bets and created almost $20 million in revenue with well over $99 million of the handle and more than $9 million in revenue generated by Rivers and SugarHouse, according to the most recent numbers from the Pennsylvania Gaming Control Board

Below, we look at some of the individual accomplishments of Rivers and SugarHouse while providing a month-by-month financial breakdown. 

Pennsylvania Sports Betting | Strong May Pushes Rivers Over $50 Million In Handle

Sports betting in Pennsylvania launched in November 2018, but Rivers Sportsbook didn’t make its debut on the market until December. Once its doors opened, Rivers immediately established itself as the gold standard for handle and revenue creation among operators in the Keystone State and maintained a lead in both areas over the last six months. 

Rivers Sportsbook

Dec. 2018

Jan. 2019

Feb. 2019

March 2019

April 2019

May 2019

2018/2019 Total

Handle

$5,581,553

$9,543,112

$8,147,559

$11,337,483

$8,159,827

$7,924,510

$51,258,529

Gross Revenue

$1,066,157

$853,316

$627,521

$1,344,398

$871,753

$641,029

$5,404,173

State Tax (34%)

$362,493

$290,127

$213,357

$457,095

$265,595

$217,950

$1,837,419

Rivers has notched more than one milestone since the calendar flipped to 2019, most recently on the May revenue report from the Pennsylvania Gaming Control Board. In total, the PA sports betting leader has brought in $51.26 million in year-to-date handle, amounting to $5.40 million in gross revenue and nearly $2 million in new taxes for the state. The massive $11.34 million handle recorded in March is the largest monthly total for any Pennsylvania sports betting operator to date. 

SugarHouse Online Sportsbook Launches In May, Contributes To PA Sports Betting Totals

SugarHouse might be in second place, but not by much and its impact on the industry cannot be overstated. After launching the final month of 2018 alongside Rivers, SugarHouse Sportsbook immediately propelled itself into the upper echelon of money creation in Pennsylvania and has a betting handle at $48.5 million. The sportsbook is just a few dollars below $4 million in total revenue with another $1.36 in taxes generated to this point. While Rivers may be the top dog in overall financial production, SugarHouse has accomplishments to hang its hat on like becoming the first to record double-digit millions PA sports betting handle with $10.96 million in January 2019. 

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 Online Casino Launches In Pennsylvania

In late May, SugarHouse Online went live as the first PA online sports betting platform in the Keystone State, leading to set the high-water mark for the month in betting handle. For its part, the online operations netted $573,163 in handle and $38,753 in revenue over the course of just a few days. The immediate impact of SugarHouse online gives just a taste of what the future could hold for this industry. 

The added dynamic of mobile sports betting in Pennsylvania is sure to pick up steam as more brands are able to officially launch operations, surely providing a nice uptick to PA sports betting handle and revenue across the board in the coming months. It’s also worth noting that SugarHouse is undergoing a brand change to match Rivers, meaning a large percentage of the sports betting economics in Pennsylvania are being created under the Rivers name. 

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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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