Pennsylvania Fiscal Year Sports Betting Handle Tops $2.5B

Pennsylvania Fiscal Year Sports Betting Handle Tops $2.5B
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Mobile sports wagering in June continued to dominate a Pennsylvania casino industry still trying to shake off the effects of the coronavirus shutdown. And as the state’s action rose even without major leagues playing, the 2019-20 fiscal year ended with Pennsylvania drawing more than $2.5 billion in sports betting handle.

Online Pennsylvania sportsbooks remained open for business, while physical locations stayed closed until June. When the brick-and-mortar casinos reopened, they were operating under 50 percent capacity limits because of mandates enacted in the wake of COVID-19.

RELATED: What Casinos Are Open in Pennsylvania?

June also marked the end of the 2019-20 fiscal year. The total Pennsylvania sports betting handle from July 2019 to June 2020 was $2,529,760,919, with $1,996,041,007 of that coming via mobile wagers.

Mobile sports betting comprised 99.2 percent of the Pennsylvania market in June, according to figures released by the state Gaming Control Board. Mobile sports gaming in the Keystone State generated a handle of more than $88.3 million in June of 2020, a huge jump from the $19.3 million handle from the same month in 2019.

Pennsylvania Mobile Vs. Retail Sports Betting Handle

MobileRetail% Mobile
June 2020$88.313M$690K99.2%
May 2020$77.510M$0100%
April 2020$46.016M$0100%
March 2020$118.333M$12.997M90.1%
February 2020$294.127M$35.638M89.2%
January 2020$308.606M$39.776M88.6%

All 12 of Pennsylvania’s casinos were closed by March 16 due to Gov. Tom Wolf’s shutdown of non-essential businesses in the wake of the coronavirus pandemic.

Total Handle Climbs in June

Though the first casinos reopened in Pennsylvania on June 9, the reliance on mobile sports wagering in remained evident – just part of a robust Pennsylvania online gaming scene. The June online handle of $88.313 million for online sports betting was up 13.9 percent from the $77.510 million reported in May.

Physical casino locations in Pennsylvania continued to reopen through late June as they met state standards, with some forced to close again temporarily due to coronavirus outbreaks. Retail betting from the reopening of physical casinos helped increase the state’s total sports betting handle for June to $89 million, up 14.8 percent from May.

Pennsylvania Sports Betting, June vs. May

June MayChange
Gross Revenue$6.663M$4.829M+38%
Total Handle$89.002M$77.510M +14.8%
Online Handle $88.313M$77.510M +13.9%

Pennsylvania’s gross sports betting revenue in June was $6.663 million, up 38 percent from the May total of $4.828 million. The fiscal year total was $135.4 million.

Valley Forge Casino Resort in Upper Merion Township posted the highest sports betting handle for the fiscal year with $993.7 million. More than $968.7 million, or 97.5%, of that total came online. Valley Forge also led the state’s casinos in Taxable Gross Revenue for the fiscal year at $40.88 million.

Online Casino Gaming Drops

With physical locations reopening throughout Pennsylvania, online casino gaming showed decreases after carrying the industry through the lockdown. The June handle for Pennsylvania’s interactive slots was $1.029 billion, down 3.3 percent from online gaming in May, bringing the fiscal year total to $4.297 billion. The June handle for interactive banking tables was $635 million, down 18.3 percent from May, bringing the fiscal year total to $3.846 million.

Those numbers were a contrast to the robust figures posted by online casino games during the depths of the lockdown. Online casino gaming increased 73.2 percent from March to April, with the biggest jump coming from slot machines — which more than doubled revenue from $12.969 million in March to $27.324 million in April.

Non-interactive banking tables for Pennsylvania’s online poker sites drew $3,240,917 in June handle, down from $4,596,418 in May. For the fiscal year, those games attracted $24,649,910 in handle.

With physical casino locations reopened, table games also saw a modest resurgence, though they were subject to new state protocols such as limiting the number of players at each table to enforce social distancing. Table games collected $11.7 million in revenue in June after posting zeros in April and May, while the state’s table gaming total for the fiscal year was $644.543 million.

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