Pennsylvania Sports Betting Revenue Rebounds with March Madness
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March Madness served as a boost to sports betting in Pennsylvania.
The state reported a monthly handle of $715 million, an increase of 19.7% from February’s $597.1 million and was 27.6% higher than March 2021’s $560.3 million.
The online sports betting handle was $667 million, up 19.5% from February’s $558.1 million and was an increase of 29.7% from March 2021’s $514.3 million.
Pennsylvania sports betting gross revenue in March was $30.4 million. It was -$442,847 in February, while this year’s March total was 3.6% higher than March 2021’s $29.4 million.
Pennsylvania Gaming Handle, Revenue
Pennsylvania set a new monthly record in table games gross revenue, taking in $94.3 million, up 26.8% from February’s $74.4 million. The old record was set in October 2021 with $89.1 million in revenue.
The interactive slots handle for March was $2.288 billion, up 14.5% from February’s $1.999 billion.
Pennsylvania interactive slots gross revenue was also a new record at $79.2 million, 16.3% higher than February’s $68.1 million. Previously, the record was $71.8 million set in January 2022.
Pennsylvania’s retail slots handle was $2.774 billion, an increase of 11.3% from February’s $2.492 billion.
March’s retail slots gross terminal revenue was $214.7 million, up 10.3% from February’s $194.7 million.
The interactive banking table handle was $2.008 billion, a decrease of 2.4% from February’s $2.057 billion.
Pennsylvania’s interactive banking tables gross revenues was also a new record at $35.7 million, up 13.6% from February’s $31.4 million. The previous record was $33.1 million set in January 2022.
Pennsylvania Sports Betting, March vs. February
| Total Handle | Mobile Handle | Gross Revenue | |
|---|---|---|---|
| March | $714.977M | $666.982M | $30.401M |
| February | $597.064M | $558.109M | Minus-$0.443M |
| Change | Up 19.7% | Up 19.5% | ------ |
PointsBet Casino Now Live in Pennsylvania
On Wednesday, PointsBet became the latest online casino operator to start taking bets in Pennsylvania. The operator went live with its casino offerings after receiving approval from the Pennsylvania Gaming Control Board.
"It is an exciting time for the online casino market, and we’re proud to be able to tap into this momentum and introduce our proprietary product in Pennsylvania," Manjit Gombra Singh, PointsBet President of Product and Technology, said in a media release. "We’re quickly scaling our online casino business and looking forward to expanding and refining our suite of products throughout the year to deliver more options for our users in PointsBet online casinos.”
PointsBet’s online casino is also live in Michigan, New Jersey, West Virginia and Ontario.
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