PA Sports Betting Revenue | Rivers Sportsbook Hits Handle Milestone

PA Sports Betting Revenue | Rivers Sportsbook Hits Handle Milestone

It has been more than half a year since Rivers Sportsbook opened its doors in Pennsylvania, and if the first six months in business are any indication, it’s only just getting started as the leading operator in the Keystone State.

From its first month accepting wagers during December 2018, Rivers Sportsbook led its peers (SugarHouse PA Sportsbook and Hollywood Sportsbook) in PA sports betting handle and revenue. Fast forward to the most recent revenue report from the Pennsylvania Gaming Control Board, and the pecking order still hasn’t changed. Rivers and SugarHouse have combined to dominate the sports betting landscape over the past few months, but Rivers Sportsbook is beginning to separate itself more than ever. With yet another strong month of May, Rivers is reaching new heights and very high numbers.

Massive May Puts Rivers Casino Sportsbook Over $50M In PA Sports Betting Handle

For the fourth consecutive month, Rivers Sportsbook has the honor of leading all PA sports betting venues in handle and revenue. It also now holds the distinction of being the only PA casino to do two very important things. The May revenue report from the PGCB confirmed that Rivers is the first to produce over $50 million in handle AND the first to generate at least $5 million in revenue.

Below is a month-by-month look at what Rivers Sportsbook has been able to accomplish in six months since opening sports betting in Pennsylvania:

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 Due (34%)

$362,493

$290,127

$213,357

$457,095

$265,595

$217,950

$1,837,419

To this point, 2019 has been a total boom for Rivers Casino Sportsbook. March marked the highest-earning month in handle for any operator at nearly $12 million before April was a down month for the industry as a whole, but not so much for Rivers. April numbers actually eclipse the May numbers, but May did allow Rivers the chance to reach these milestones that no PA sportsbook has been able to up until this point.

Once again, the May revenue numbers were good enough to top SugarHouse Sportsbook, which recently became the first Pennsylvania online casino to launch an online sports betting platform and has that revenue added to its total. The good news for SugarHouse is that it too will bear the Rivers Sportsbook name at its location in Philadelphia as part of a wider rebranding effort. Soon enough, the BetRivers Sportsbook name will ring through the entire state.

BetRivers App Expected To Launch Soon

As the only land-based sports betting location in the western half of the Keystone State, Rivers Casino Sportsbook has enjoyed popularity and visitors from a wide range of geographic locations, no doubt boosting its overall production. It will look to expand that brand into the PA online sports betting realm with the BetRivers Sportsbook app and should be able to build on its well-earned reputation and huge revenue numbers.

Profile Pic.
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.

MLB, NHL, IBTimes, Brooklyn Cyclones, FanSided

Latest News
Bears vs. Redskins - MNF Picks And Predictions | NFL Betting Lines

The National Football League season is marching through its...

SPORTS PICKS AND PREDICTIONS
NJ Online Casinos: Resorts Second With Over $7M In August Revenue

In a record revenue month for online casinos in New Jersey,...

GAMBLING INDUSTRY UPDATES
How Did Pennsylvania Online Gambling Revenue Hit $3.43 Million?

PA online casinos ended online gaming's second month in the...

GAMBLING INDUSTRY UPDATES
Featured In
Business Insider
MarketWatch
Reuters
Yahoo! Finance
BonusSeeker.com and all content herein is intended for audiences 21 and older. BonusSeeker.com publishes news, information, and reviews about regulated online gambling operators, including, but not limited to casino, lottery, poker, and sports betting. You may see paid advertisements for online casinos, poker sites, and sportsbooks (including DraftKings, FanDuel, and others). You must be 21 years or older, and a US citizen to register at gambling sites in New Jersey, Pennsylvania, and other states. The information provided on BonusSeeker.com does not constitute advice, and we reserve that there is no way improve your chances of winning in online gambling. Always gamble responsibly. If you should require any advice for gambling-related problems, please call 1-800-GAMBLER.

© Copyright 2019 - All Rights Reserved. Privacy Policy - XML Sitemap. Catena Media US, Inc. 251 Little Falls Drive Wilmington, DE 19808