Pennsylvania Sports Betting Revenue (Updated July 2019)

Contents

Pennsylvania Sports Betting Handle (Since Legalization): $303,987,394
Pennsylvania Sports Betting Revenue (Since Legalization): $24,617,161

July 2019

Property	Total Handle	Land Based Revenue	Online Revenue	Total Revenue
SugarHouse Casino	$26,450,976	$530,421	$540,766	$1,071,187
Parx Casino	$7,199,507	$414,730	$242,244	$656,974
Rivers Casino	$14,343,453	$384,576	($250,941)	$133,634
South Philadelphia Race and Sportsbook	$1,864,245	$151,556	$133,730	$151,556
Valley Forge Casino Resort	$5,048,106	$168,146	-	$301,876
Harrah’s Philadelphia	$1,700,923	$186,574	-	$186,574
Hollywood Casino at Penn National Race Course	$1,772,466	$196,188	-	$196,188
Oaks Race and Sportsbook	$789,502	$110,553	-	$110,553
Presque Isle Downs	$162,781	$45,469	-	$45,469
Total	$59,331,959	$2,186,339	$665,798	$2,888,091

June 2019

Property	Total Handle	Land Based Revenue	Online Revenue	Total Revenue
SugarHouse Casino	$23,331,525	$467,016	$465,096	$932,112
Parx Casino	$5,482,841	$367,206	$18,432	$385,638
Rivers Casino	$7,052,253	$247,309	($114,395)	$132,913
South Philadelphia Race and Sportsbook	$2,462,294	$161,001	-	$161,001
Valley Forge Casino Resort	$2,291,020	$149,621	-	$149,621
Harrah’s Philadelphia	$2,251,714	$135,421	-	$135,421
Hollywood Casino at Penn National Race Course	$2,410,357	$83,520	-	$83,520
Oaks Race and Sportsbook	$1,052,241	$76,594	-	$76,594
Total	$46,334,244	$1,687,686	$369,133	$2,056,819

May 2019

Property	Handle	Revenue
Rivers Sportsbook	$7,924,510	$641,029
SugarHouse Sportsbook	$7,934,839	$711,846
Parx Sportsbook	$6,809,662	$639,922
Hollywood Sportsbook	$3,816,054	$210,637
FanDuel at Valley Forge	$2,739,475	$240,766
Harrah's Philadelphia	$2,589,147	$138,094
South Philadelphia Race and Sportsbook	$2,745,803	$168,815
The Oaks Race and Sportsbook	$1,385,725	$110,744
Total	$35,934,215	$2,861,853

April 2019

Property	Handle	Revenue
Rivers Sportsbook	$8,159,827	$871,753
SugarHouse Sportsbook	$7,920,797	$781,163
Parx Sportsbook	$6,850,305	$907,298
Hollywood Sportsbook	$3,923,499	$361,249
FanDuel at Valley Forge	$3,050,424	$379,731
Harrah's Philadelphia	$2,718,595	$282,740
South Philadelphia Turf Club	$2,603,808	$441,692
Valley Forge Race and Sportsbook	$1,542,891	$195,856
Total	$36,769,145	$4,221,482

March 2019

Property	Handle	Revenue
Rivers Sportsbook	$11,901,967	$1,344,398
SugarHouse Sportsbook	$9,223,827	$1,237,301
Parx Sportsbook	$7,965,932	$984,339
Hollywood Sportsbook	$5,337,483	$521,864
Harrah's Philadelphia	$3,794,014	$326,752
South Philadelphia Turf Club	$3,550,264	$534,253
FanDuel at Valley Forge	$2,047,998	$449,597
Valley Forge Race and Sportsbook	$706,089	$120,836
Total	$44,527,574	$5,519,340

February 2019

Property	Handle	Revenue
SugarHouse Sportsbook	$7,091,933.11	$522,308.00
Rivers Sportsbook	$8,147,558.96	$627,520.99
Parx Sportsbook	$6,965,511.90	$369,995.89
Hollywood Sportsbook	$3,742,819.85	$13,914.20
South Philadelphia Turf Club	$2,601,650.62	$275,876.90
Harrah's Philadelphia	$2,951,267.50	$137,200.52
Total	$31,500,741.94	$1,946,816.50

January 2019

Casino	Handle	Revenue
SugarHouse Sportsbook	$10,795,121	$103,523
Rivers Sportsbook	$9,543,112	$853,316
Parx Sportsbook	$5,382,620	$1,170,348
Hollywood Sportsbook	$4,817,151	$284,624
South Philadelphia Turf Club	$858,130	$91,835
Harrah's Philadelphia	$615,704	$103,569
Total	$32,011,839	$2,607,205

December 2018

Casino	Handle	Revenue
Rivers Casino	$5,581,553	$1,066,157
SugarHouse Casino	$5,539,806	$641,167
Hollywood Casino	$5,051,730	$299,222
Total	$16,173,090	$2,006,546

November 2018

Casino	Handle	Revenue
Hollywood Casino	$1,414,586.55	$508,996.60
Total	$1,414,586.55	$508,996.60

Pennsylvania Sports Betting Revenue Ready to App Up to Catch up

Pennsylvania total handle from sports betting operations in April was just over $36 million. One might assume that’s a nice month at the ticket window. However, total revenue was a paltry $4.2 million, down over a full million dollars from March numbers.

Every physical sportsbook in Pennsylvania saw a drop in revenue, a full quarter-percentage across the state. Anyone and everyone in the sports betting industry is pointing to one glaring problem.

Pennsylvania’s $4 million revenue in April received no boost from online sports betting. Across the Delaware River in New Jersey, Garden State bettors posted over $200 million in online betting activity. So, where are the sportsbook apps in PA?

Pulling Back on the Reigns

Just about everyone associated with sports betting appreciates how a couple issues in Pennsylvania are responsible for lackluster revenue numbers. One is the requirement to be physically at a licensed sportsbook to officially register to vote using an app.

The second stems from lawmakers pulling back on the reigns of online sports betting after the US Department of Justice’s odd announcement last November.

Seems the legal minds in Pennsylvania did not want to get caught up in a battle over interpreting the DOJ’s odd opinion about how the 50-year old Wire Act applies to online sports betting, and any online game of chance for that matter.

During the 16-months, the time in which eight brick and mortar sportsbooks were in operation, Pennsylvania’s sports betting revenue was woeful in comparison. The projected sports’ betting estimates were low, but most disappointing was the comparative figures against neighboring New Jersey.

This delay in allowing for online apps to operate in the state is being blamed as the reason. New Jersey, which incidentally allows online wagering, doubled PA’s retail sports betting revenues in February alone.

Most of the physical sportsbooks are within the greater Philadelphia area. Revenue from these primary spots tallied up about one-tenth of the total intake from sportsbook operations across the state line in the Garden State.

February’s spreadsheets pinpoint the problem. Pennsylvania bean counters entered a big zero for online sports betting revenue during the first year and four months of legal sports betting.

App it to Amp it

There is little doubt in anyone’s mind that May 31 is a day when things should certainly amp up aspirations for Pennsylvania’s sports betting revenue. Sugarhouse was the first to launch an online app. Since Rivers Sportsbook owns Sugarhouse, they should potentially be the next in line to open up to online sports bettors.

Three other are apps should follow the Sugarhouse lead. FanDuel, Parx, FOX Bet and Unibet are expected to begin online betting over the course of the summer. Since DraftKings and PointsBet are still unwed to any physical sportsbook in the state, they’ll need to form a union with a brick and mortar facility before either can launch.

Since Pennsylvania keeps tallying up goose eggs in the online sports betting revenue column, these recent developments will undoubtedly change the scoreboard. If other states with online wagering capabilities are any indication, look for the Quaker State to catch up fast.