Pennsylvania’s sportsbooks reach $6.5bn in wagers in 2021
The Pennsylvania Gaming Control Board has reported that revenue in December was $38m, down 16 per cent year-on-year.
US.- The Pennsylvania Gaming Control Board has revealed that online and retail gaming outlets reported $750m in sports betting revenue in December, while online casino revenue hit a record $127.6m. The state brought in $6.5bn in sports betting, $122.5m in sports betting taxes and about $1.3bn in online casino revenue for all of 2021.
Pennsylvania sportsbooks accepted $750.4m in wagers in the final month of 2021, a 37 per cent increase from a year earlier. However, December saw a 2 per cent drop in betting volume compared to November. Revenue was $38m, down 16 per cent year-on-year.
Online sports betting accounted for 92 per cent of wagering in December, with FanDuel leading the online market with $246.8m in wagers. DraftKings followed with a stake of $204.7m and BetMGM came in third with an $83.5m handle.
Retail sportsbooks accepted $57.1m in bets in December, down from $57.5m registered during the previous month. Meanwhile, online casino generated a record gross revenue of $127.6m in December, an increase of 18 per cent compared to the previous month. Tax revenue generated from internet gaming play was $102.1m.
In all 2021, Pennsylvania’s retail and online sports betting generated $6.5bn in wagers, up 83 per cent when compared to the previous year. It generated $6bn in online wagers, up 84 per cent over 2020 and a total revenue of $505.5m, up 87 per cent. The tax take of $122.5m was up 79 per cent when compared to 2020.
Pennsylvania Gaming Control Board awards licence for mini Parx Casino
The Pennsylvania Gaming Control Board has voted unanimously to award a licence to Parx Casino operator Greenwood Gaming & Entertainment to construct a Category 4 casino in Shippensburg Township, Cumberland County. The operator will build the state’s fourth mini-casino.
The 73,000-square-foot casino, which will occupy about half the former big-box store, will be a scaled-down version of Parx’s casino in Bensalem, the state’s top casino by revenue. A $65m construction project will begin next month, and the facility is scheduled to open in November.
