Pennsylvania sportsbooks began 2023 recording north of $772.3 million in January betting deal with. January’s whole completed barely increased from December’s $754.2 million deal with.
Sports activities betting income fell simply shy of $58 million for the month, which is down 18.6% month-over-month.
“Regardless of the shortage of year-over-year progress, Pennsylvania sportsbooks had one other strong exhibiting in January, posting $772 million in deal with,” mentioned Chris Imperiale, Managing Editor for PlayPennsylvania. “This exceeded December’s figures by about $17 million, however fell 2.7% beneath January 2022 totals. The Philadelphia Eagles’ push to the Tremendous Bowl probably propelled the standard month.”
January 2023 numbers for Pennsylvania sports activities betting
Figures from the Pennsylvania Gaming Management Board:
- Deal with: $772.3 million (2.4% MoM lower; % YoY enhance)
- Income: $58 million (18% MoM lower; % YoY enhance) / Adjusted Gross Income (taxable): $ 39.3 million
- Maintain: 7.5% (down from 9.5% final month)
- P.c of bets positioned on-line: 93.2%
- Promotional credit: $ 18.7 million
- January sports activities betting taxes: $13.3 million to the state and native entities
- High sports activities betting app by deal with: FanDuel Sportsbook with $ 310.3 million
- High sports activities betting app by income: FanDuel Sportsbook with $ 35.5 million
Fast evaluation from January PA sports activities betting figures
- PA sportsbooks recorded robust numbers to begin 2023. With the sports activities calendar diminishing because the NFL common winds down, the $772.3 million, beating out December’s whole, is a formidable determine.
- FanDuel PA Sportsbook has led the Keystone State in on-line market share for a number of months, and appeared to open a fair larger margin. In January, FanDuel’s managed 43% of market share in comparison with DraftKings PA Sportsbooks‘ 28%.
- FanDuel Sportsbook is recording terrific maintain charges. FanDuel’s maintain price is 11.4% and income share is 65% of the market. DraftKings is second a 14% income share.
PA sports activities betting deal with & income by operator January 2023
| Licensee | On-line Model | Deal with | Income | Maintain | Taxes |
|---|---|---|---|---|---|
| Valley Forge | FanDuel | $313,035,919 | $35,692,989 | 11.4% | $9,695,382 |
| Hollywood Meadows | DraftKings | $202,526,441 | $7,955,576 | 3.9% | $1,475,197 |
| Hollywood Morgantown | BetMGM | $53,648,055 | $4,889,284 | 9.1% | $785,936 |
| Hollywood Penn Nationwide | Barstool | $41,840,398 | $2,096,488 | 5.0% | $522,908 |
| Harrah’s Philadelphia | Caesars | $35,632,466 | $954,141 | 2.7% | $131,085 |
| Rivers Pittsburgh | BetRivers | $33,534,653 | $2,055,963 | 6.1% | $384,456 |
| Rivers Philadelphia | PlaySugarHouse | $23,191,134 | $676,229 | 2.9% | $199,439 |
| Parx | Parx | $18,521,299 | $1,080,111 | 5.8% | $285,214 |
| Hollywood York | PointsBet | $15,174,479 | $803,789 | 5.3% | $86,610 |
| Dwell Philadelphia | Betway | $8,194,443 | $581,740 | 7.1% | $209,426 |
| Mount Ethereal | Fox Wager | $7,943,297 | $547,992 | 6.9% | $189,382 |
| Mohegan Solar Pocono | Unibet | $6,737,544 | $431,217 | 6.4% | $88,389 |
| Wind Creek | Wind Creek | $3,664,750 | -$272,511 | -7.4% | -$98,981 |
| Mohegan Lehigh Valley | $2,508,369 | $28,772 | 1.1% | $10,358 | |
| Presque Isle Downs | TwinSpires | $2,021,078 | -$39,457 | -2.0% | -$14,564 |
| South Philadelphia Race & Sportsbook | $1,857,299 | $253,141 | 13.6% | $91,131 | |
| Dwell Pittsburgh | $1,782,999 | $238,379 | 13.4% | $85,816 | |
| Parx Malvern | $471,134 | $7,239 | 1.5% | $2,606 | |
| Parx Shippensburg | $3,894 | $986 | 25.3% | $355 | |
| Whole | $772,289,648 | $57,982,069 | 7.5% | $14,130,145 |
