Pennsylvania October Sports Betting Handle Tops $525 Million

Pennsylvania October Sports Betting Handle Tops $525 Million
© PA

Pennsylvania set a new state record for monthly sports wagering handle in October with more than $525.8 million in bets, placed both online and at retail books. That figure eclipsed the previous record of nearly $462.8 million by 13.6%.

With New Jersey announcing a U.S. record $803 million in handle on Nov. 13, and Tuesday’s Pennsylvania total, the two states combined for $1.328 billion in October handle.

Pennsylvania’s 12 casinos with sportsbooks, along with their associated online partners, had revenues totaling $47.8 million and the gross taxable revenue, after subtracting promotional credits, was $36.8 million. Sports betting operators showed promotional credits of $11 million.

RELATED: Learn more about Pennsylvania sports betting and gaming

As usual, mobile wagering on online Pennsylvania sportsbooks dominated the statistics released Tuesday. In October, mobile betting was 89.8% of the market. October’s online sports betting handle of $472.3 million was up 14% from September’s $414.1 million.

Year-over-year comparisons showed considerable growth as sports wagering expanded in the Keystone State. The exact October handle of $525,802,524 was an increase of 118% from October 2019, when it was $241.2 million.

The most dramatic statistical jump was in taxable gross sports betting revenue. That increased from September’s $6,269,883 to October’s $36,776,926. As a result, the state’s take was $12.5 million in October compared to just $2.1 million in September. Local governments also fared much better, getting $736,000 in October compared with just $125,000 in September.

Pennsylvania Sports Betting, October vs. September

Gross Revenue Total HandleMobile Handle
September $6.270M$462.787M $414.100M
Change Up 486.6%Up 13.6% Up 14%

Barstool Sportsbook 4th in Handle

Among individual operators, the leader was Valley Forge Casino in Montgomery County, just north of Philadelphia, which along with online partner FanDuel accounted for $185 million in handle ($15.6 million in taxable gross revenue). Second was the Meadows casino in western Pennsylvania with partner DraftKings $123.4 million in handle ($6.8 million in taxable gross revenue).

The combined BetRivers entries, Rivers Pittsburgh ($36.1 million) and Rivers Philadelphia ($32.4 million) totaled $68.5 million. Penn National’s Hollywood Casino near Harrisburg with partner Barstool Sports had $63.8 million in handle ($3.4 million in taxable gross revenue). Barstool launched on Sept. 18 in the state.

The rest of the Pennsylvania sportsbooks in order of handle: Parx ($29.9 million), Mount Airy ($29 million), Mohegan ($11.8 million), Presque Isle ($4.8 million), Harrah’s ($3.8 million), South Philadelphia Race & Sports Book ($3.8 million), Mohegan-Lehigh Valley ($2 million).

The casinos showing the largest promotion credit totals were: Valley Forge/FanDuel ($3.1 million), Meadows/DraftKings ($2.3 million) and Hollywood/Barstool ($1.8 million).

Pennsylvania Mobile Vs. Retail Sports Betting Handle

MobileRetail% Mobile
October 2020$472.276M$53.527M89.8%
September 2020$414.100M$48.687M89.5%
August 2020$321.554M$43.431M88.1%
July 2020$155.355M$9.428M94.2%
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%

Other PA Gaming Numbers Strong

Other key numbers from the October report:

Pennsylvania’s online poker sites saw Mount Airy post revenue of $2,422,505, up slightly from September’s $2,376,045. It was the only online poker site live in October. Retail poker rooms around the state have begun to reopen.

Gross sports betting revenue for October was $36.8 million, up 486.6% from September’s $6.3 million and up 146% from October 2019’s $14.9 million.

Table games revenue was $63.3 million, up 7.1% from September ($59.2 million).

The interactive slots handle in October was $1.1 billion, up 4.6% from September ($1.06 billion).

The October interactive slots gross revenue was $40.3 million, up 1.0% from September ($39.9 million).

The interactive banking tables handle was $1,090,261,589, up 17.6% from September ($926,818,379).

October interactive banking tables gross revenue $17 million, up 15.3% from September ($14.7 million).

States Surge in Sports Betting Handle

The numbers put up by New Jersey and Pennsylvania continued the strong reports from other states for October:

The sports betting handle in Indiana was $230.9 million, up 11.3% from September’s $207.45 million. Revenue followed suit with adjusted gross revenue for sports wagering hitting an all-time high of $21.1 million, up 47.7% from September’s $14.28 million.

Iowa in October saw its highest total sports betting handle, mobile handle and revenue for a single month, breaking September’s totals. The numbers released from the state on Nov. 9 showed that Iowa recorded $81.9 million in total sports betting handle, up 13.1% from September’s $72.4 million. It was an increase of 76.1% over October 2019’s $40.5 million.