Pennsylvania May Sports Betting Handle at $447M, Down 6.7%

Pennsylvania May Sports Betting Handle at $447M, Down 6.7%
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Sports betting in Pennsylvania saw a drop in May in total and online handles, but the state set records in online table and slot gaming, according to official monthly figures released Thursday by the Pennsylvania Gaming Control Board.

Pennsylvania sports betting registered a total handle of $447.4 million in May, down 6.7% from April’s $479.4 million, but up 477.3% from May 2020 ($77.5 million). For comparison, Pennsylvania topped $600 million ($615.3 million) in total sports betting handle in January, the record for the state.

May mobile sports betting numbers also dipped, coming in at $407.4 million, down 7.2% from $439 million in April, but up from a year ago ($77.5 million). Mobile was 91% of the total sports wagering handle, down a notch from 91.6% in April.

One bright spot for the state was gross sports wagering revenue, which grew in May to $27.7 million, up 5.5% from April’s $26.3 million and up 474.6% from May 2020 ($4.8 million).

The drop in May handle is puzzling because New Jersey sports betting saw a 9% increase in May handle.

Pennsylvania Sports Betting, May vs. April

Total HandleMobile Handle Gross Revenue
May$447.465M $407.399M $27.746M
Change Down 6.7% Down 7.2% Up 5.5%

2 State Records Set In Online Gaming

Two promising numbers on the Pennsylvania online gaming side turned out to be state records.

For online casino gaming, interactive slots revenue posted a state record $67.2 million, up 7.4% from April’s $62.6 million. Interactive slots handle for the month was $1.767 billion, up 0.9% from April’s $1.752 billion.

Interactive banked table games rebounded nicely from April, registering a state record of $31.4 million, up a solid 13.4% from last month’s number of $27.68 million. Table games gross revenue for May came in at $77.2 million, down just 0.8% from April’s $77.8 million. Interactive banking tables handle improved to $1.542 billion, up 3.5% from April’s $1.490 billion.

Retail slots handle posted $2.507 billion, up 2.3% from April’s $2.447 billion and retail slots gross terminal revenue had a very mild increase, coming in at $201,390,367 million, up 0.002% from April’s $201,386,057 million.

Online poker saw Mount Airy/PokerStars collect $2.3 million in rake and tournament fees in May, about flat to April..

There are now two more online poker options in Pennsylvania as BetMGM launched BetMGM Poker and Borgata Poker in late April.

FanDuel Still Leads Sports Betting Handle

Valley Forge Casino in King of Prussia, just outside of Philadelphia, with its FanDuel Sportsbook, had $163.5 million in total handle for May, down slightly from the $169.9 million in April. It had topped $200 million in March.

The Meadows near Pittsburgh, partnered with DraftKings Sportsbook, saw $101.4 million in total sports handle, a dip from the $106.9 million in April.

The Rivers casinos in Philadelphia and Pittsburgh, with BetRivers Sportsbooks, combined for about $43.4 million, down slightly from April. And Hollywood Casino, with its Barstool brand, was down about $13.5 million to $45 million for May.

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