Pennsylvania Sports Betting Guide (2019)

Pennsylvania Sports Betting Online Is Almost Here! PA sportsbooks at land-based casinos have already shown the great potential for PA sports betting. Hollywood Casino Sportsbook officially launched in Pennsylvania on Nov. 18. Since that time, seven other PA sportsbook have joined, making for a total of eight.

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Pennsylvania Online Sports Betting Expected This Summer

Many expect PA sports betting online to launch this summer. It is unknown how many PA sportsbooks will offer online sports betting, but many assume Rivers Sportsbook, SugarHouse Sportsbook, Hollywood Sportsbook and Parx Sportsbook are some of the sports betting operators to offer PA online sports betting.

New Jersey sports betting has seen a tremendous amount of success, clearing the $1 billion mark in handle since its launch in June 2018.

 

PA Sports Betting's Early Sucsess Is A Sign Of Things To Come

Just over the six-month mark, Pennsylvania sportsbooks have seen huge success. The total handle taken on by PA sportsbooks is over $125,000,000 entering April 2019. The total gross revenue in that same timespan is over $12.5 million and the amount taxed was over $4.2 million.

Pennsyvania Sportsbooks Revenue Numbers

Here is the year-to date revenue breakdown for each sportsbook: 

Hollywood Casino Sportsbook Revenue Breakdown

Hollywood Sportsbook

Nov. 2018

Dec. 2018

Jan. 2019

Feb. 2019

March 2019

YTD Total

Handle

$1,414,587

$5,051,730

$4,817,151

$3,742,820

$5,337,483

$20,363,771

Gross Revenue

$508,997

$299,222

$284,624

$13,914

$521,864

$1,628,621

State Tax Due (34%)

$173,059

$101,736

$96,772

$4,731

$177,434

$553,731

Local Share Assessment (2%)

$10,180

$5,984

$5,692

$278

$10,437

$32,572

Rivers Sportsbook Revenue Breakdown

Rivers Sportsbook

Dec. 2018

Jan. 2019

Feb. 2019

March 2019

YTD Total

Handle

$5,581,553

$9,543,112

$8,147,559

$11,337,483

$35,174,192

Gross Revenue

$1,066,157

$853,316

$627,521

$1,344,398

$3,891,391

State Tax Due (34%)

$362,493

$290,127

$213,357

$457,095

$1,323,073

Local Share Assessment (2%)

$21,323

$17,066

$12,550

$26,888

$77,828

SugarHouse Sportsbook Revenue Breakdown

SugarHouse Sportsbook

Dec. 2018

Jan. 2019

Feb. 2019

March 2019

YTD Total

Handle

$5,539,806

$10,795,121

$7,091,933

$9,223,827

$32,650,688

Gross Revenue

$642,213

$103,523

$522,308

$1,237,301

$2,505,345

State Tax Due (34%)

$218,353

$35,198

$177,585

$420,682

$851,817

Local Share Assessment (2%)

$12,844

$2,070

$10,446

$24,746

$50,107

Parx Sportsbook Revenue Breakdown

Parx Sportsbook

Jan. 2019

Feb. 2019

March 2019

YTD Total

Handle

$5,382,620

$6,965,512

$7,965,932

$20,314,064

Gross Revenue

$1,170,348

$369,996

$984,339

$2,524,683

State Tax Due (34%)

$397,918

$125,779

$334,675

$858,392

Local Share Assessment (2%)

$23,407

$7,400

$19,687

$50,494

South Philadelphia Race And Sportsbook Revenue Breakdown

South Philadelphia Race And Sportsbook

Jan. 2019

Feb. 2019

March 2019

YTD Total

Handle

$858,130

$2,601,651

$3,550,264

$7,010,045

Gross Revenue

$91,835

$275,877

$534,253

$901,965

State Tax Due (34%)

$31,224

$93,798

$181,646

$306,668

Local Share Assessment (2%)

$1,837

$5,518

$10,685

$18,039

Harrah's Sportsbook Revenue Breakdown

Harrah’s Sportsbook

Jan. 2019

Feb. 2019

March 2019

YTD Total

Handle

$615,704

$2,951,268

$3,794,014

$7,360,985

Gross Revenue

$103,569

$137,201

$326,752

$567,522

State Tax Due (34%)

$35,214

$46,648

$111,096

$192,957

Local Share Assessment (2%)

$2,071

$2,744

$6,535

$11,350

Valley Forge Casino Sportsbook Revenue Breakdown

Valley Forge Casino Sportsbook

March 2019

YTD Total

Handle

$2,047,998

$2,047,998

Gross Revenue

$449,597

$449,597

State Tax Due (34%)

$152,863

$152,863

Local Share Assessment (2%)

$8,992

$8,992

Valley Forge Race And Sportsbook Revenue Breakdown

Valley Forge Race And Sportsbook

March 2019

YTD Total

Handle

$706,089

$706,089

Gross Revenue

$120,836

$120,836

State Tax Due (34%)

$41,084

$41,084

Local Share Assessment (2%)

$2,417

$2,417

 

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