The summer slide is over as football betting has returned, much to the delight of sportsbook operators in Pennsylvania. The Pennsylvania Gaming Control Board (PGCB) reported $726.3 million in total bets this September.
PA online sportsbooks brought in $66.1 million in revenue, a 12.2% year-over-over decrease.
PlayPennsylvania Managing Editor Chris Imperiale said:
“Pennsylvania sports betting received the massive boost it was waiting for with the return of NFL wagering in September. For the month, PA sportsbooks recorded more than $726 million in total bets, a massive 85% jump up from August, and around a 13% increase from a year ago in September 2022. This is a great performance from the market and an indication of what the next few months will look like with the football season in full swing.”
September 2023 numbers for Pennsylvania sports betting
Figures from the PGCB:
? Handle: $726.3 million (85% MoM increase; 13% YoY increase)
? Revenue: $66.1 million (116% MoM increase; 12% YoY decrease) / Adjusted Gross Revenue (taxable): $36.6 million
? Hold: 9.1% (up from 7.8% last month)
? Percent of bets placed online: 92.6%
? Promotional credits: $29.5 million
? September sports betting taxes: $12.4 million
? State and local entities: $732,661.69
? Top sports betting app by handle: FanDuel Sportsbook PA with $256.4 million
? Top sports betting app by revenue: FanDuel Sportsbook PA with $30.2 million
Quick analysis from September PA sports betting figures
- DraftKings Sportsbook PA just about caught up to FanDuel in online sports betting handle. Last month, DraftKings trailed FanDuel in market share, 34.8% to 28.9%. This month, DraftKings closed the gap even further, recording a 31.7% share compared to FanDuel’s 35.3%
- Despite betPARX Sportsbook PA being in the BetRivers Sportsbook PA.
- As Barstool is exiting the gaming industry altogether, it actually has recorded strong handle figures over the last two months. Barstool had ceded market share to Caesars and BetRivers in recent months, but regained the fourth position behind FanDuel, DraftKings and BetMGM in August and September. Barstool is leaving the industry having generated the third-most lifetime handle in Pennsylvania at $1.7 billion.
PA sports betting handle & revenue by operator September 2023
| Licensee | Online Brand | Handle | Revenue | Hold | Taxes |
|---|---|---|---|---|---|
| Valley Forge | FanDuel | $256,391,925 | $30,209,371 | 11.80% | $6,886,116 |
| Hollywood Meadows | DraftKings | $230,483,919 | $20,076,330 | 8.70% | $3,091,541 |
| Hollywood Morgantown | BetMGM | $54,265,845 | $4,972,670 | 9.20% | $578,528 |
| Hollywood Penn National | Barstool | $39,419,432 | ($736,700) | -1.90% | ($264,950) |
| Harrah's Philadelphia | Caesars | $36,237,360 | $1,504,736 | 4.20% | $261,747 |
| Rivers Pittsburgh | BetRivers | $31,549,698 | $3,024,694 | 9.60% | $726,684 |
| Parx | betParx | $22,570,642 | $2,414,658 | 10.70% | $775,677 |
| Rivers Philadelphia | PlaySugarHouse | $20,219,429 | $1,621,633 | 8.00% | $405,791 |
| Hollywood York | PointsBet | $10,757,875 | $1,058,508 | 9.80% | $62,942 |
| Live Philadelphia | Betway | $8,191,672 | $849,684 | 10.40% | $305,886 |
| Mohegan Pennsylvania | Unibet | $7,133,111 | $485,331 | 6.80% | $132,496 |
| Wind Creek | Wind Creek | $2,050,045 | $161,003 | 7.90% | $57,098 |
| South Philadelphia Race & Sportsbook | $1,829,914 | $311,832 | 17.00% | $112,259 | |
| Live Pittsburgh | $1,746,080 | $27,611 | 1.60% | $9,940 | |
| Presque Isle Downs | $1,316,926 | $93,333 | 7.10% | $33,600 | |
| Mohegan Lehigh Valley | $1,291,399 | $6,320 | 0.50% | $2,275 | |
| Mount Airy | Fox Bet | $686,596 | $24,894 | 3.60% | $8,962 |
| Parx Malvern | $62,700 | ($4,663) | -7.40% | ($1,679) | |
| Parx Shippensburg | $55,143 | $8,330 | 15.10% | $2,999 | |
| Total | $726,259,711.80 | $66,109,573.75 | 9.10% | $13,187,910.29 |
