Pennsylvania posts sports betting revenue decline
The state posted a revenue decline in its sports betting segment in February.
US.- According to the latest Sports Wagering Report published by the Pennsylvania Gaming Control Board (PGCB), the state’s segment experienced a set back during February’s operations, as the total revenue from it decreased by approximately US$700k.
The report from the PGCB encompasses the full month returns from Hollywood Casino at Penn National Race Course, SugarHouse Casino, Rivers Casino, Parx Casino, South Philadelphia Race and Sportsbook and Harrah’s Philadelphia.
Sports betting operations during February managed to register total revenue of US$1.9 million, 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. Total taxes paid to the Commonwealth totalled US$700k.
Rivers Casino was once again the casino with the biggest share of revenue. It collected US$627k from sports bets, and it also posted the biggest handle (US$8.1 million). SugarHouse Casino closely followed Rivers Casino, as it generated US$522k in revenue and US$7 million in handle.
