- Pennsylvania sports betting handle hits $491.9 million in November, down 6.4% month-over-month.
- Revenue increased by 9.9% from October to November to $48.5 million.
- The NFL schedule played a factor in the lower betting activity in November.
HARRISBURG, Pa. – Pennsylvania sports bettors wagered less on sports in November. Despite the decrease in betting handle, however, the Keystone State actually saw an increase in sports betting revenue.
The decrease in betting activity could be attributed to the NFL season. Two major Pennsylvania sports teams, the Pittsburgh Steelers and the Philadelphia Eagles missed games in November which possibly caused a lot of local bettors to not wager.
The growth in sports betting revenue, however, is still a good sign of the thriving Pennsylvania sports betting market.
All About The Revenue
While the sports betting handle in November fell 6.4% from October to November, Pennsylvania still saw $491,910,713 in sports betting activity for the month. This was a 6.4% drop from October’s numbers.
The Eagles had a bye week in November, accounting for fewer wagers overall, but the big missed opportunity was the postponed Thanksgiving Day game between the Steelers and the Baltimore Ravens. The game was pushed back due to positive COVID-19 tests from the Ravens.
Thanksgiving Day games are some of the biggest events during the season. There is no telling the number of potential wagers missed from the game being pushed back.
The Keystone State did manage to so see an increase in revenue in November, however. Sportsbooks collected $37,350,246 in gross revenue, a 9.9% increase from the October numbers.
The state collected $12,699,084 in taxes, which is the 36% effective tax rate for Pennsylvania.
The Hollywood Casino saw the most in betting activity with over $57.8 million wagered on sports between the physical casino and the online sportsbook. $2.1 million was wagered on location while %55.6 million was bet online.
Sports bettors continue to wager on sports via mobile betting apps as opposed to retail sportsbooks. This could be attributed to the current global pandemic the country is still in recovery from.
Pennsylvania’s legal sports betting market is still a strong and thriving one, despite the slight decrease in betting activity in November.
With the NFL postseason in coming and the NBA season returning, December is expected to be bigger in terms of betting activity.
News tags: Barstool Sportsbook | BetMGM | Harrisburg | PA | Pennsylvania | Philadelphia Eagles | Pittsburgh Steelers | Revenue
Coming from a background in narrative-based writing, Giovanni strives to write stories that will keep the reader engaged. Although he does pride himself in being accurate, how the story is told is also very important to him. When he’s not keeping readers up to date on sports betting laws and legislation, you can find him writing and recording music, playing videogames, or engaged in heated sports debates with his friends.