Pennsylvania on-line sportsbooks are feeling the results of a scarce sports activities calendar. The Pennsylvania Gaming Management Board (PGCB) reported sports activities operators took in $373.2 million in whole bets in June.
Complete bets dropped 24.7% month over month and recorded a 5.2% lower yr over yr. PA sportsbooks generated $23.1 million in gross income.
PlayPennyslvania Managing Editor, Chris Imperiale, mentioned:
“Pennsylvania sports activities betting figures dropped as soon as once more in June due to the extraordinarily gradual interval for the sports activities calendar. The state’s total deal with simply topped $373 million for the month, which is down about 25% from Could and 5% from June 2022. It’s potential pleasure round Group USA and the Ladies’s World Cup might present a lift, however don’t count on betting figures to totally recuperate till school soccer and the NFL are again.”
June 2023 numbers for Pennsylvania sports activities betting
Figures from the PGCB:
- Deal with: $373.2 million (24.7% MoM lower; 5.2% YoY lower)
- Income: $33.9 million (41% MoM lower; 48% YoY enhance) / Adjusted Gross Income (taxable): $23.1 million
- Maintain: 9.1% (down from 11.6% from final month)
- % of bets positioned on-line: 92.9%
- Promotional credit: $10.1 million
- June sports activities betting taxes: $8.3 million
- State and native entities: $461,201.52
- Prime sports activities betting app by deal with: FanDuel Sportsbook PA with $139.6 million
- Prime sports activities betting app by income: FanDuel Sportsbook with $16.7 million
Fast evaluation from June PA sports activities betting figures
- The three summer time months are anticipated to characteristic the bottom deal with figures for PA sportsbooks. With MLB betting as the one main sport in season, not many {dollars} are positioned on PA sportsbooks as a complete.
- PA sports activities betting generated $7.2 billion in deal with for the Fiscal Yr 2022/2023, beating final yr’s whole of $7.1 billion. Sports activities betting has appeared to hit its peak within the Keystone State and has since flattened out. Fanatics Sportsbook is the subsequent to launch, with bet365 Sportsbook quickly to comply with. It’ll be attention-grabbing to see what sort of affect the 2 manufacturers have within the mature state.
- Pennsylvania is barely trailing final yr’s deal with by means of six months. In 2022, PA sportsbooks recorded $3,565,425,896 at the moment. By six months of 2023, that quantity has dipped to $3,536,274,461, a distinction of round $29 million.
PA sports activities betting deal with & income by operator June 2023
| Licensee | On-line Model | Deal with | Income | Maintain | Taxes |
|---|---|---|---|---|---|
| Valley Forge | FanDuel | $139,594,665 | $16,687,982 | 12.0% | $4,106,436 |
| Hollywood Meadows | DraftKings | $100,800,833 | $7,896,447 | 7.8% | $2,172,017 |
| Hollywood Morgantown | BetMGM | $30,111,857 | $2,565,464 | 8.5% | $376,852 |
| Harrah’s Philadelphia | Caesars | $21,172,873 | $1,313,485 | 6.2% | $325,656 |
| Rivers Pittsburgh | BetRivers | $18,436,588 | $1,768,733 | 9.6% | $395,947 |
| Hollywood Penn Nationwide | Barstool | $17,208,210 | $1,196,888 | 7.0% | $255,329 |
| Parx | betParx | $12,811,396 | $914,582 | 7.1% | $265,610 |
| Rivers Philadelphia | PlaySugarHouse | $11,403,767 | $499,385 | 4.4% | $150,250 |
| Hollywood York | PointsBet | $5,595,537 | $378,267 | 6.8% | $66,958 |
| Mohegan Pennsylvania | Unibet | $3,942,499 | $137,779 | 3.5% | $8,610 |
| Reside Philadelphia | Betway | $3,862,096 | $116,269 | 3.0% | $41,856 |
| Mount Ethereal | Fox Wager | $3,652,414 | $250,372 | 6.9% | $85,762 |
| Wind Creek | Wind Creek | $1,199,906 | -$51,346 | -4.3% | -$18,928 |
| South Philadelphia Race & Sportsbook | $975,656 | $48,228 | 4.9% | $17,363 | |
| Mohegan Lehigh Valley | $964,378 | $19,166 | 19.9% | $6,899 | |
| Reside Pittsburgh | $916,365 | $51,481 | 5.6% | $18,534 | |
| Presque Isle Downs | $299,771 | $21,738 | 7.3% | $7,826 | |
| Parx Malvern | $196,688 | $49,812 | 25.3% | $17,932 | |
| Parx Shippensburg | $25,915 | $1,994 | 7.7% | $718 | |
| Complete | $373,171,415 | $33,866,725 | 9.1% | $8,301,627 |
