Sports betting revenue falls in Pennsylvania
Sports betting handle in Pennsylvania was down in May for the second consecutive month.
US.- Pennsylvania’s sports betting operations once again suffered a setback in May. Sports betting handle was down for the second consecutive month and registered US$35.3 million in the number of bets wagered in May.
Pennsylvania registered US$35.3 million on bets on sports in May, which represents a 2.4% decline from April and a 19.3% decline from March. The report released on Tuesday by the Pennsylvania Gaming Control Board (PGCB) indicates that sports betting generated approximately US$1 million in state and local taxes, and US$7.1 million taxes in total wagers since it launched in November 2018.
Once again, Rivers Casino Pittsburgh was the top scoring operator in Pennsylvania and registered US$7.9 million in sports handle, ahead of SugarHouse’s US$7.3 million and Parx’s US$6.8 million. Moreover, Rivers reported US$641k in sports revenue, while SugarHouse totalled US$711k and Parx US$639k.
It is estimated that once operators launch their online sports betting operations the market will grow dramatically. The industry in Pennsylvania is expected to be similar to New Jersey’s where the sports betting industry is bigger on the online side.
SugarHouse Casino reported that bettors placed US$573k in online sports bets in just three full days (May 28, 29 and 30) and one half-day of operations (May 31).
