PGCB reports initial sports betting revenue
The board released a report that details the returns from half of November at the Hollywood Casino.
US.- The Pennsylvania Gaming Control Board (PGCB) posted this week its initial monthly report for sports betting in the state. The report shares details of the returns from November 15-30 for Hollywood Casino at Penn National Race Course, the first to launch a sports betting facility in the state.
During the fifteen-day period in November, Hollywood Casino at Penn National Race Course reported a handle of US$1.4 million and adjusted gross revenue after payouts of US$508.9k.
The board said that a total of US$183.2 million of tax revenue was generated and returned to the Commonwealth from sports betting at Hollywood Casino during the two-week period. State tax (34% of adjusted gross revenue) stands at US$173k, while local share assessment (2% of adjusted gross revenue) was US$10.1k.
Two additional facilities in the state, Rivers Casino in Pittsburgh and SugarHouse Casino in Philadelphia, started their operations this month, and figures will be included in January’s report.
