Pennsylvania’s sports betting industry recovers in March
After a significant decrease in revenue experienced in February, the sports betting industry recovered in March.
US.- The Pennsylvania Gaming Control Board (PGCB) published on Tuesday the sports wagering report detailing March’s operations. Revenue in state facilities totalled US$5.5 million in revenue during last month’s operations. This way, Pennsylvania sports betting recovers from February’s underwhelming performance.
Last month’s results represented an increase from February, a month in which the segment suffered a setback and posted a decrease of US$700k in total revenue to US$1.9 million. The results are down from January’s US$2.6 million. Total handle was also down from US$32 million in January to US$31.5 million in February. Taxes paid to the Commonwealth totalled US$700k.
Total revenue from March rose to US$5.5 million. Rivers Casino and SugarHouse Casino were the facilities with the biggest share with US$1.3 million and US$1.2 million respectively.
Handle also increased and registered US$44.5 million, approximately US$13 million higher than what was achieved in February. Furthermore, total tax revenue generated was US$1.9 million, almost a 270% increase from February.
