Sportsbooks Generate Simply Over $858 Million In Pennsylvania Deal with In January

With the NFL playoffs in full impact final month, the Pennsylvania Gaming Management Board (PGCB) reported simply over $858 million in whole bets for the state. This was the primary time in three months the market failed to succeed in $900 million in deal with.

PA on-line sportsbooks produced a powerful month, although. They generated about $97.7 million in income, a drastic bounce from a 12 months in the past.

PlayPennsylvania Managing Editor, Chris Imperiale, mentioned:

“The Pennsylvania sports activities betting market got here again all the way down to Earth in January, accepting simply over $858 million in whole bets. Regardless that final month noticed a dropoff of about 7% from December, it was the fourth consecutive month with the entire deal with surpassing $800 million after the market had by no means finished so. Whereas the efficiency seems sluggish following two months with deal with over $900 million, January’s whole bets have been up greater than 11% 12 months over 12 months. The NFL postseason supplied a lot of the motion, and with simply Tremendous Bowl betting remaining in February, anticipate for deal with figures to lower going ahead.”

January 2024 numbers for Pennsylvania sports activities betting

💰 Deal with: $858.1 million (7.3% MoM lower; 11.1% YoY improve)

💸 Income: $97.7 million (0.4% MoM lower; 68.5% YoY improve) / Adjusted Gross Income (taxable): $69.9 million

👐 Maintain: 11.4% (up from 10.6% final month)

💻 P.c of bets positioned on-line: 94%

🎁 Promotional credit: $27.8 million

🧾 January sports activities betting taxes: $23.8 million

🏢 State and native entities: $1.4 million

📱 Prime sports activities betting app by deal with: FanDuel Sportsbook PA with $373 million

📱 Prime sports activities betting app by income: FanDuel Sportsbook PA with $55 million

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