Pennsylvania Posts $348.5 Million August Sports Betting Handle
Following three months of lower sports betting handles, Pennsylvania saw an increase in wagering activity for August.
Pennsylvania recorded a sports betting handle of $348.5 million. August’s handle was 14.5% higher than July’s $304.4 million. Compared to a year ago, this month's handle was down 4.5%; it was $365 million in August 2020.
Online markets saw a larger handle too, with August tallying $318.1 million, up 15.5% from July’s $275.4 million. The mobile handle was down 1.1% from the $321.6 million wagered online a year ago. Online betting made up 91.3% of the entire market, up from 90.3% in July.
Despite taking in more bets, August sports wagering revenue in Pennsylvania was down to $18 million, a 9.3% drop from July’s $19.9 million. It’s the second straight month Pennsylvania has recorded lower sports betting revenue totals.
Pennsylvania Sports Betting, August vs. July
|Total Handle||Mobile Handle||Gross Revenue|
|Change||Up 14.5%||Up 15.5%||Down 9.3%|
PA Gaming Going Strong
A month after Pennsylvania posted a record in table games gross revenue, the state nearly matched it in August with $86.3 million, down 0.7% from July’s record $87 million. August was the second-best total ever in that gaming segment.
Interactive slots had a handle of $1.78 billion, up 2.2% from July’s $1.74 billion. The interactive slots revenue was up 4.9% from July’s $63.2 million to $66.3 million for August.
Retail slots saw a bit of a decrease, with a handle of $2.64 billion in August, down 4.1% from July’s $2.76 billion. Total retail slots gross terminal revenue was $209.8 million for August, down 5.9% from July’s $222.9 million.
Interactive banked table games had a handle of $1.39 billion for August, down 2.3% from July’s $1.43 billion. Revenue from these games was $19.2 million, down 16% from July’s $22.9 million, according to figures released on Monday by the Pennsylvania Gaming Control Board.
FanDuel Top Operator
The higher sports betting handle can be attributed to the return of NFL betting. Preseason games started, in addition to college football beginning its season late in the month.
FanDuel Sportsbook capitalized the most on the sports betting market, taking in $137.4 million in bets. FanDuel is partnered with Valley Forge Casino in King of Prussia.
DraftKings Sportsbook and The Meadows were second at $81.3 million, followed by Hollywood Casino Morganton and BetMGM at $28.4 million and Hollywood Penn National and Barstool at $27.9 million to round out the top four.
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