The Tremendous Bowl is the final hurrah for Pennsylvania sports activities bettors to wager on the NFL. Pennsylvania sportsbooks noticed a pointy drop-off in February deal with with just one NFL sport, albeit the largest, left on the schedule.
PA sports activities betting operators recorded $599.5 million in February betting deal with. February’s complete completed decrease than January’s $772.3 million deal with. It’s a 0.4% year-over-year improve from January 2022.
Sports activities betting income fell simply shy of $62.2 million for the month, which is up 6.8% month-over-month.
Pennsylvania grew to become the fourth state to cross the $20 billion threshold for sports activities deal with.
February 2023 numbers for Pennsylvania sports activities betting
Figures from the Pennsylvania Gaming Management Board:
- Deal with: $599.5 (% MoM improve; 0.4% YoY improve)
- Income: $62.2 (6.8% MoM improve; 181.4% YoY improve) / Adjusted Gross Income (taxable): $42.2 million
- Maintain: 10.4% (up from 7.5% final month)
- % of bets positioned on-line: 92.7%
- Promotional credit: $19 million
- February sports activities betting taxes: $ to the state and native entities: $864,603.58
- High sports activities betting app by deal with: FanDuel Sportsbook with $235.2 million
- High sports activities betting app by income: FanDuel Sportsbook with $32.2 million
Fast evaluation from February PA sports activities betting figures
- The dip in PA sportsbook deal with is par for the course in February. Final yr, PA sportsbooks drew $597.1 million in deal with and in 2021, solely $509.5 million. Seasonality is beginning to take form with just one NFL sport on the books in February.
- PA grew to become the fourth state within the nation to cross $20 billion in complete sports activities deal with. Nevada, New Jersey and Illinois have all crossed that milestone.
- Maintain percentages noticed a noticeable improve in February, reaching the ten% threshold. The final time PA sportsbooks captured a maintain share of greater than 10% was in September 2022. Maintain share rose from 7.5% in January.
PA sports activities betting deal with & income by operator February 2023
| Licensee | On-line Model | Deal with | Income | Maintain | Taxes |
|---|---|---|---|---|---|
| Valley Forge | FanDuel | $235,162,454 | $32,205,978 | 13.7% | $8,434,070 |
| Hollywood Meadows | DraftKings | $157,327,408 | $14,197,165 | 9.0% | $3,692,651 |
| Hollywood Morgantown | BetMGM | $43,396,666 | $3,971,773 | 9.2% | $375,853 |
| Hollywood Penn Nationwide | Barstool | $33,299,412 | $2,388,174 | 7.2% | $531,381 |
| Harrah’s Philadelphia | Caesars | $29,985,333 | $549,762 | 1.8% | -$73,478 |
| Rivers Pittsburgh | BetRivers | $27,180,134 | $1,549,763 | 5.7% | $298,690 |
| Rivers Philadelphia | PlaySugarHouse | $19,351,618 | $1,655,506 | 8.6% | $559,710 |
| Parx | Parx | $14,744,078 | $2,100,804 | 14.2% | $667,768 |
| Hollywood York | PointsBet | $10,397,596 | $859,765 | 8.3% | $174,817 |
| Dwell Philadelphia | Betway | $7,825,585 | $1,082,342 | 13.8% | $389,643 |
| Mount Ethereal | Fox Wager | $5,660,171 | $653,582 | 11.5% | $227,650 |
| Mohegan Solar Pocono | Unibet | $5,194,522 | $409,251 | 7.9% | $72,299 |
| Wind Creek | Wind Creek | $3,659,984 | -$86,890 | -2.4% | -$32,100 |
| Mohegan Lehigh Valley | $2,087,014 | $156,245 | 7.5% | $56,248 | |
| South Philadelphia Race & Sportsbook | $1,494,576 | $274,917 | 18.4% | $98,970 | |
| Dwell Pittsburgh | $1,308,043 | $58,390 | 4.5% | $21,020 | |
| Presque Isle Downs | TwinSpires | $1,076,267 | $110,067 | 10.2% | $39,624 |
| Parx Malvern | $333,199 | $71,452 | 21.4% | $25,723 | |
| Parx Shippensburg | $45,367 | $6,455 | 14.2% | $2,324 | |
| Whole | $599,529,429 | $62,214,502 | 10.4% | $15,562,864 |
