PA Sportsbooks Break State Document With $829 Million In October Deal with
Pennsylvania put to relaxation the concept the state is simply too mature for future development in sports activities betting. The Pennsylvania Gaming Management Board (PGCB) reported a brand new file of $829 million in complete October bets. The Keystone smashed the earlier file of $797.1 million in deal with set again in October 2022.
PA on-line sportsbooks introduced in practically $70 million in income.
PlayPennsylvania Managing Editor, Chris Imperiale, stated:
“Pennsylvania sports activities betting continued to really feel the consequences of the NFL and soccer betting in October. PA sportsbooks set a brand new file for total deal with, producing greater than $829 million in complete bets final month, a 14% enhance from September and a year-over-year soar of round 4%. The simply over $829 million beat out the state’s earlier finest from October 2022 by practically $32 million. Whereas it’s thought of a mature market, there’s nonetheless room for development. It’s doubtless the Philadelphia Phillies’ postseason run contributed to the huge October, which implies November might see a slight downturn even with a number of soccer remaining.”
October 2023 numbers for Pennsylvania sports activities betting
💰 Deal with: $829 million (14% MoM enhance; 4% YoY enhance)
💸 Income: $73.6 million (11% MoM enhance; 20% YoY enhance) / Adjusted Gross Income (taxable): $48.1 million
👐 Maintain: 8.9% (down from 9.1% final month)
💻 P.c of bets positioned on-line: 93.3%
🎁 Promotional credit: $25.5 million
🧾 October sports activities betting taxes: $16.4 million
🏢 State and native entities: $963,001
📱 Prime sports activities betting app by deal with: FanDuel Sportsbook PA with $328.4 million
📱 Prime sports activities betting app by income: FanDuel Sportsbook PA with $29.1 million
PA sports activities betting deal with & income by operator October 2023
| Licensee | On-line Model | Deal with | Income | Maintain | Taxes |
|---|---|---|---|---|---|
| Valley Forge | FanDuel | $328,423,200 | $29,140,402 | 8.9% | $6,542,696 |
| Hollywood Meadows | DraftKings | $258,270,691 | $28,132,084 | 10.9% | $6,817,877 |
| Hollywood Morgantown | BetMGM | $53,577,187 | $3,930,469 | 7.3% | $697,936 |
| Harrah’s Philadelphia | Caesars | $39,639,095 | $297,039 | 0.7% | ($121,263) |
| Rivers Pittsburgh | BetRivers | $33,514,954 | $3,306,442 | 9.9% | $818,929 |
| Hollywood Penn Nationwide | Barstool | $32,270,928 | $1,686,650 | 5.2% | $606,901 |
| Parx | betParx | $22,066,334 | $1,688,899 | 7.7% | $509,287 |
| Rivers Philadelphia | PlaySugarHouse | $20,682,296 | $1,693,686 | 8.2% | $450,710 |
| Hollywood York | PointsBet | $12,370,496 | $947,266 | 7.7% | $47,604 |
| Stay Philadelphia | Betway | $10,242,771 | $976,038 | 9.5% | $351,374 |
| Mohegan Pennsylvania | Unibet | $7,652,357 | $671,906 | 8.8% | $194,816 |
| Wind Creek | Wind Creek | $2,413,788 | $58,237 | 2.4% | $20,405 |
| Stay Pittsburgh | $2,164,477 | $381,673 | 17.6% | $137,402 | |
| South Philadelphia Race & Sportsbook | $1,900,784 | $226,503 | 11.9% | $81,541 | |
| Presque Isle Downs | $1,546,778 | $188,291 | 12.2% | $67,785 | |
| Mohegan Lehigh Valley | $1,473,102 | $205,493 | 13.9% | $73,978 | |
| Mount Ethereal | Fox Wager | $726,700 | $85,501 | 11.8% | $30,780 |
| Parx Shippensburg | $66,661 | $14,618 | 21.9% | $5,263 | |
| Parx Malvern | – | – | – | – | |
| Whole | $829,002,595 | $73,631,197 | 8.9% | $17,334,020 |
The publish PA Sportsbooks Break State Document With $829 Million In October Deal with appeared first on Play Pennsylvania.
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