Sportsbooks in Pennsylvania register $109m in handle
Handle from online and retail sportsbooks in Pennsylvania increased 84% from July and posted US$9.9 million in revenue.
US.- The sports betting segment keeps growing in Pennsylvania, this time by breaking a new record in August. Sportsbooks in the state generated US$9.9 million during last month’s operations and registered a record US$109 million in handle.
Online and retail sportsbooks’ record in August is US$4.8 million higher than the previous record of US$5.1 million in July. The performance also sent US$2.1 million into state and local government coffers. Online sports betting increased from US$39 million in July to US$83.2 million, which is a 65.7% rise from July. It also represents 76% of Pennsylvania’s total handle.
Moreover, retail sportsbooks in Pennsylvania also registered a good performance during last month’s operations. SugarHouse’s sportsbook was the one with the biggest lead in August, with US$5.4 million in bets and US$816k in revenue.
Jessica Welman, an analyst for PlayPennsylvania.com, said: “With the NFL season now underway and more sportsbooks online, August’s successes are just a precursor to much bigger things ahead.”
“Online betting in Pennsylvania will continue to increase its share of the state’s handle to a level on par with New Jersey,” Welman said. “To that point, the early-September launch of Fox Bet — the first major sports media-branded betting site in any state — is an interesting development that should gain bettors’ attention. And other online sportsbooks are planning on launching this fall.”
