On-line Sportsbooks Produce $925 Million In Pennsylvania Deal with This December
Although it wasn’t a record-breaking month, sports activities betting operators showcased a powerful December. The Pennsylvania Gaming Management Board (PGCB) reported $925.6 million in complete bets final month.
PA on-line sportsbooks delivered all-time highs in October and November, producing $829 million and $934.1 million in deal with, respectively. Operators did make historical past by recording $72.5 million in gross income, a 462% month-over-month improve and a 32.8% year-over-year bounce.
PlayPennsylvania Managing Editor, Chris Imperiale, stated:
“The Pennsylvania sports activities betting market retains on producing high quality showings. Although the mature market didn’t submit one other new general deal with report, it got here near matching final month’s mark. Sportsbooks accepted over $925 million in complete bets in December, developing about $8 million shy of November’s report. Final month endured a slight dropoff, nonetheless, it was greater than a 22% bounce up from December 2022. NFL betting is in fact producing plenty of the motion once more, however the faculty soccer bowl season and the Philadelphia 76ers’ strong begin to the yr definitely contributed, as nicely. With much less soccer accessible in January, the market might begin to see some slower months shifting ahead.”
December 2023 numbers for Pennsylvania sports activities betting
💰 Deal with: $925.6 million (0.9% MoM lower; 22.6% YoY improve)
💸 Income: $98.1 million (100% MoM improve; 37.8% YoY improve) / Adjusted Gross Income (taxable): $72.5 million
👐 Maintain: 10.6% (up from 5.3% final month)
💻 % of bets positioned on-line: 94%
🎁 Promotional credit: $25.6 million
🧾 December sports activities betting taxes: $24.6 million
🏢 State and native entities: $1.5 million
📱 High sports activities betting app by deal with: FanDuel Sportsbook PA with $394.4 million
📱 High sports activities betting app by income: FanDuel Sportsbook PA with $46.4 million
PA sports activities betting deal with & income by operator December 2023
| Licensee | On-line Model | Deal with | Income | Maintain | Taxes |
|---|---|---|---|---|---|
| Valley Forge | FanDuel | $394,378,356 | $46,434,656 | 11.8% | $14,107,552 |
| Hollywood Meadows | DraftKings | $235,749,519 | $25,032,257 | 10.6% | $6,918,668 |
| Hollywood Penn Nationwide | Barstool | $82,586,501 | $8,551,857 | 10.4% | $191,272 |
| Hollywood Morgantown | BetMGM | $52,015,254 | $5,473,500 | 10.5% | $1,315,901 |
| Harrah’s Philadelphia | Caesars | $40,961,871 | $1,820,514 | 4.4% | $482,239 |
| Rivers Pittsburgh | BetRivers | $33,030,629 | $3,158,164 | 9.6% | $823,972 |
| Rivers Philadelphia | PlaySugarHouse | $25,868,223 | $1,485,296 | 5.7% | $390,200 |
| Parx | betParx | $24,518,653 | $2,573,871 | 10.5% | $804,422 |
| Hollywood York | PointsBet | $12,485,311 | $1,128,186 | 9.0% | $210,577 |
| Dwell Philadelphia | Betway | $7,977,662 | $761,396 | 9.5% | $274,102 |
| Mohegan Pennsylvania | Unibet | $7,323,763 | $500,343 | 6.8% | $160,655 |
| Wind Creek | Wind Creek | $1,877,732 | $233,923 | 12.5% | $83,002 |
| Dwell Pittsburgh | $1,605,735 | $152,849 | 9.5% | $55,026 | |
| South Philadelphia Race & Sportsbook | $1,588,700 | $246,679 | 15.5% | $88,805 | |
| Presque Isle Downs | $1,459,868 | $350,184 | 24.0% | $126,066 | |
| Mohegan Lehigh Valley | $1,259,135 | $182,313 | 14.5% | $65,633 | |
| Mount Ethereal | Fox Guess | $827,378 | ($1,739) | -0.2% | ($626) |
| Parx Shippensburg | $56,078 | $13,483 | 24.0% | $4,854 | |
| Parx Malvern | – | – | – | – | |
| Whole | $925,570,368.39 | $98,097,732.35 | 10.6% | $26,102,320.69 |
The submit On-line Sportsbooks Produce $925 Million In Pennsylvania Deal with This December appeared first on Play Pennsylvania.
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