PA Sports Betting: Rivers, SugarHouse Lead Booming Industry

PA Sports Betting: Rivers, SugarHouse Lead Booming Industry

In just six months, sports betting in Pennsylvania industry has proven to be a profitable venture. It has generated nearly $17 million in revenue and over $160 million in total handle, according to figures from the Pennsylvania Gaming Control Board. Nearly $10 million of that revenue was produced in March and April as the amount of land-based casinos has ballooned to eight, so if that is any indication, PA sports betting could be in for a huge 2019.

Much of that is due to the Keystone State’s two largest operators, Rivers Casino Sportsbook and SugarHouse Sportsbook. The two have accounted for a large percentage of  PA sports betting revenue and handle and will continue to play a major role in the state moving forward. Here is a list of all the PA sports betting venues currently in operation:

Rivers Casino Sportsbook Leads The Way In PA Sports Betting Revenue

At the top of the revenue, list is Rivers Casino Sportsbook, located in Pittsburgh. Rivers has earned massive popularity and generated enormous amounts of revenue as the only casino in the Western half of Pennsylvania. Below is a look at the handle, revenue and taxes for the five  months Rivers has been in operation.

Rivers Sportsbook

Dec. 2018

Jan. 2019

Feb. 2019

March 2019

April 2019

2018/2019 Total

Handle

$5,581,553

$9,543,112

$8,147,559

$11,337,483

$8,159,827

$43,334,019

Gross Revenue

$1,066,157

$853,316

$627,521

$1,344,398

$871,753

$4,763,144

State Tax Due (34%)

$362,493

$290,127

$213,357

$457,095

$265,595

$1,619,469

In total, Rivers has pulled in over $43 million in handle and created nearly $5 million in revenue for the state. Rivers Casino Pittsburgh also set the bar in March with over $11.3 million in handle, producing the highest single-month number to date. Along with SugarHouse, Rivers grossed over $1 million in revenue in March 2019 with help from the NCAA Tournament.

SugarHouse Sportsbook Philadelphia Making Impact On PA Sports Betting

Not far behind Rivers is SugarHouse Casino Sportsbook in Philadelphia. Despite there being several other casinos in the area, SugarHouse manages to to maintain immense popularity and the revenue numbers back it up. Although it stands in second place, SugarHouse is a reliable industry name putting up some impressive numbers in its own right.

SugarHouse Sportsbook

Dec. 2018

Jan. 2019

Feb. 2019

March 2019

April 2019

2018/2019

Total

Handle

$5,539,806

$10,795,121

$7,091,933

$9,223,827

$7,920,797

$40,571,485

Gross Revenue

$642,213

$103,523

$522,308

$1,237,301

$781,163

$3,286,508

State Tax Due (34%)

$218,353

$35,198

$177,585

$420,682

$265,595

$1,117,413

Pennsylvania sports betting handle from SugarHouse Casino totals more than $40.5 million since launch in December with nearly $3.33 million in new revenue being generated. SugarHouse became the first PA sports betting operator to reach double digits with nearly $10.8 in betting handel in January 2019.

Rush Street, Kambi Partnership Powers Rivers Sportsbook, SugarHouse Sportsbook in Pennsylvania

Overall, PA sports betting numbers dipped in April, but Rivers and SugarHouse are set to be in fine shape moving forward. In addition to being the most lucrative Pennsylvania sports betting operators in the industry, Rivers and SugarHouse have something else is common, which may account for some of both brands’ massive success.  

Rush Street Interactive focus on the development and operation of both gaming brands while Kambi Group is the sports betting services provider. Kambi works with many large global brands and has a partnership with Rush Street, its first with an American gaming company. In addition to land-based venues, Kambi works on the SugarHouse Online Sportsbook NJ sports betting platform as well, where online gaming has erupted in popularity. Once PA online sports betting launches, we can expect Kambi and Rush street to continue building its reputation in the industry behind the River and SugarHouse names.

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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.

MLB, NHL, IBTimes, Brooklyn Cyclones, FanSided

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