Pennsylvania June Sports Betting Figures: The Good News & Bad News
Published July 29, 2021 by Elana K
In the month of June, Pennsylvania's gambling industry has seen both ups and downs. Sports betting saw a rise in revenue but a decrease in handle, while online gambling was mainly down, with figures showing a 10% month-on-month decrease.
In the month of June, Pennsylvania's gambling industry has seen both ups and downs. Sports betting saw a rise in revenue but a decrease in handle, while online gambling was mainly down, with figures showing a 10% month-on-month decrease.
Pennsylvania Sports Betting
Pennsylvania sports betting revenue jumped 15% between May and June, from $37.4 million to $42.5 million. The increase occurred despite the handle dropping 6%, from $447.4 million in May to $420 million in June. From the total revenue, $12.3 million went to state taxes while $8.3 million was paid out to bettors in bonuses.
Market Leaders
FanDuel generated 39% of the June handle and 47% of sports betting revenue, a clear market leader. FanDuel also gave away the most bonuses, amounting to about $3 million.
DraftKings came in second place with 21% share of the handle, a slight decrease from 23% in May. BetMGM came in third with 8.9% of the handle, while Barstool followed closely with 8%. While BetMGM took in more bets, Barstool’s revenue surpassed it at $3.5 million, compared to the formers’ $3.2 million. Rivers rounded out the top 5 with 10% of the handle.
Pennsylvania Online Gambling
Online gambling revenue in June reached just over $100 million, a disappointing figure and a 10% month-on-month decrease. Unlike previous slumps in Pennsylvania’s relatively short history of online gambling, this one seems to have no driving force behind it (like a pandemic). The reason may simply be that people are busy with summer hobbies.
Market Leaders
Penn National generated 37% of the market share, and that’s despite an 11.6% decrease in its daily revenue. Rivers came in second with 27% of the market and a daily average drop of 8.2%. Valley Forge reached third place, despite being down 6.2%, and Mount Airy secured fourth place, despite its loss of 4.3 %.
