Pennsylvania Sportsbooks Rating One other Income Enhance in August

Pennsylvania sportsbooks august

Figures launched on Monday by the Pennsylvania Gaming Management Board have been only a small appetizer forward of the principle course which for sportsbooks is the NFL. Pennsylvania sportsbooks dealt with $363 million in bets in August, a $30 million enhance from July. Income in August was $42.1 million (a 27% MoM soar). PA sportsbooks’ maintain for August was 11.6%. That additionally meant one other good month for sportsbooks since July’s maintain was 9.9%.

It was one other large month for Pennsylvania on-line casinos as they reached $131.7 million in gross income.

PA playing regulators reported that income for all types of playing within the state hit $425.4 million in August, a 4.24% enhance from final 12 months.

August 2022 numbers for Pennsylvania sports activities betting

Figures from the Pennsylvania Gaming Management Board:

  • Deal with: $363 million (7.8% MoM enhance)
  • Income: $42.1 million/adjusted gross income (taxable): $8.2 million
  • Maintain: 11.6% (up from 9.9%)
  • % of bets positioned on-line: 91.7%
  • Promotional credit: $8.2 million
  • August sports activities betting taxes: $11.5 million to the state and $679,066 to native entities.
  • Prime sports activities betting app by deal with: FanDuel Sportsbook with $130.8 million
  • Prime sports activities betting app by income: FanDuel Sportsbook ($16.9 million)

PA sports activities betting deal with & income by operator August 2022

Licensee On-line Model Deal with Income Maintain Taxes
Valley Forge FanDuel $132,134,266 $17,201,569 13.0% $4,903,233
Hollywood Meadows DraftKings $91,717,403 $10,599,382 11.6% $3,291,617
Hollywood Morgantown BetMGM $39,294,581 $3,887,315 9.9% $930,650
Hollywood Penn Nationwide Barstool $24,002,897 $2,345,939 9.8% $633,199
Rivers Pittsburgh BetRivers $20,019,999 $1,806,615 9.0% $529,455
Rivers Philadelphia PlaySugarHouse $12,943,334 $879,937 6.8% $280,668
Parx Parx $10,730,014 $1,296,634 12.1% $392,175
Hollywood York PointsBet $7,104,420 $933,080 13.1% $178,024
Mount Ethereal Fox Wager $5,797,774 $805,390 13.9% $262,098
Mohegan Solar Pocono Unibet $4,964,805 $422,200 8.5% $100,858
Dwell Philadelphia Betway $4,827,702 $778,291 16.1% $280,185
Harrah’s Philadelphia Caesars $2,886,886 $308,382 10.7% $110,544
Presque Isle TwinSpires $2,068,079 $229,137 11.1% $82,012
South Philadelphia Race & Sportsbook $1,366,222 $198,024 14.5% $71,289
Wind Creek Wind Creek $1,121,940 $210,167 18.7% $75,271
Downs at Lehigh Valley $1,025,309 $89,967 8.8% $32,388
Dwell Pittsburgh $780,693 $159,454 20.4% $57,403
Parx Shippensburg $260,650 $33,661 12.9% $12,118
Complete $363,046,972 $42,185,145 11.6% $12,223,188

August 2022 numbers for on-line casinos and poker in PA

  • On-line slots income: $100.2 million
  • On-line desk video games income: $28.7 million
  • Poker income: $2.3 million

PA on-line on line casino income by operator in August 2022

Licensee Complete Income Slots Tables Poker Promos Taxes
Hollywood Penn Nationwide $52,207,411 $38,216,567 $13,764,170 $226,674 $10,177,308 $15,414,407
Rivers Philadelphia $31,788,600 $28,606,781 $3,119,219 $62,509 $6,305,060 $10,989,847
Valley Forge $19,513,978 $11,631,533 $7,882,445 $0 $1,112,826 $6,204,984
Mount Ethereal $5,687,649 $3,246,639 $821,833 $1,619,177 $1,504,518 $1,204,081
Parx $5,340,270 $4,723,054 $617,216 $0 $2,420,383 $1,181,010
Harrah’s Philadelphia $3,656,193 $2,173,454 $790,722 $692,016 $390,026 $1,061,484
Dwell Philadelphia $3,309,546 $2,922,637 $386,909 $0 $431,069 $1,232,943
Mohegan Solar Pocono $2,588,905 $2,174,877 $414,029 $0 $344,176 $926,674
Wind Creek $1,955,767 $1,862,624 $93,143 $0 $722,832 $550,605
Presque Isle Downs $288,783 $134,568 $154,215 $0 $5,164 $85,494
Complete $126,337,102 $95,692,825 $28,043,900 $28,043,900 $23,413,631 $38,851,530

Fast evaluation from August PA sports activities betting and on line casino figures

Sports activities betting

  • New Jersey launched its figures on Friday and the state’s sportsbooks dealt with $546.8 million (a 2.8% enhance from July). PA’s MoM deal with enhance was 7.8%. Income for NJ sportsbooks hit $65.3 million, a forty five% leap from final month and beating PA’s MoM for income. New Jersey and Pennsylvania sportsbooks have been very related by way of maintain. New Jersey sportsbooks’ win (maintain) was 11.9% and PA sportsbooks was 11.6%.
  • FanDuel continues to keep up about 40% of the net sports activities betting market share in Pennsylvania. The sportsbook persistently takes about 38-42% of all bets positioned on-line in PA regardless of elevated competitors.
  • September and the NFL season already shaping as much as be massive. It’s no shock or a sizzling take that the NFL is important course for sportsbooks. After Week 1, GeoComply which sportsbooks use to confirm the place bets are positioned, launched knowledge that confirmed it was an “unbelievable begin.” Pennsylvania’s whole variety of geolocation checks leapt 29.7% to fifteen.3 million YoY. Based on the info from GeoComply, Pennsylvania was second in authorized US sport betting markets to solely New York for geolocation checks.

Casinos

  • In an interview earlier final month with On line casino Replace, Parx Chief advertising and marketing officer Marc Oppenheimer stated visitation charges are good, however enterprise is down for slots. The August numbers confirmed a 10.7% YoY lower in slot income for Parx. However the Parx nonetheless remained the highest PA on line casino for slot income in August.
  • On-line casinos began arriving in Pennsylvania in the summertime of 2019. There at the moment are 18 on-line casinos in PA and plenty of of them have a deep library of slots, desk video games, video poker and the favored dwell vendor. In August, PA on-line casinos had their fourth-best month month ever, reaching $131.7 million in gross income. It was a few 6.6% MoM enhance which reveals that iGaming in PA nonetheless has room to develop.
  • Final month, Wind Creek On line casino broke a Pennsylvania document for desk video games income with $23.6 million (42% YoY enhance). What would it not do for an encore? In August, Wind Creek eked out Parx and led the state for desk video games income with $17.7 million. Nonetheless, it was a 6.2 YoY lower.

Lead picture by Katie Kohler

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