Sportsbook Deal with Dips To $661 Million In Pennsylvania In February

Sportsbooks took successful in manufacturing, with the Tremendous Bowl as the one NFL sport scheduled final month. The Pennsylvania Gaming Management Board (PGCB) reported $661.7 million in complete bets and $50.4 million in income for the state in February.

PA on-line sportsbook deal with displayed a stronger February this yr than final. The Keystone State recorded a 10.4% year-over-year enhance.

PlayPennsylvania Managing Editor, Dave Briggs, mentioned:

“Whereas the Tremendous Bowl is an incredible betting occasion, the actual fact it was the one NFL or school soccer sport in February clearly had an impression on Pennsylvania betting totals, resulting in a 23% decline from January. The excellent news is February deal with was up over 10% from February of 2023.”

February 2024 numbers for Pennsylvania sports activities betting

💰 Deal with: $661.7 million (22.9% MoM lower; 10.4% YoY enhance)

💸 Income: $50.4 million (48.1% MoM lower; 19% YoY lower) / Adjusted Gross Income (taxable): $30.3 million

👐 Maintain: 7.6% (down from 11.4% final month)

💻 P.c of bets positioned on-line: 94.8%

🎁 Promotional credit: $20.2 million

🧾 February sports activities betting taxes: $10.9 million

🏢 State and native entities: $605,052

📱 High sports activities betting app by deal with: FanDuel Sportsbook PA with $276 million

📱 High sports activities betting app by income: FanDuel Sportsbook PA with $24.7 million

Fast evaluation from February PA sports activities betting figures

• Regardless of the fifth full soccer season winding down in February, PA on-line sportsbooks haven’t matured but. It’s the sixth straight month of operators producing year-over-year will increase. March is anticipated to proceed the pattern, primarily due to the NCAA Match. PlayPennsylvania is projecting round $800 million in deal with this month.
• ESPN Guess PA is rising because the third operator, by way of deal with, behind market leaders FanDuel Sportsbook PA and DraftKings Sportsbook PA. Since changing Barstool final November, ESPN Guess has definitely had its fair proportion of bumps. Nevertheless, the operator made $1.2 million in gross income, essentially the most ever since debuting. ESPN Guess has minimize down on promotional spending and, little by little, growing income. Maybe it’s beginning to achieve some traction within the Keystone State.
• Caesars Sportsbook PA turned in a foul month of February. The operator got here in fifth in deal with, behind BetMGM Sportsbook PA, and really misplaced cash after recording a -0.3% maintain final month.

PA on-line sportsbook deal with by operator in February 2024

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