Pennsylvania Sports Betting Handle Drops in April, But Not As Much as Other States

Published May 25, 2021 by Elana K

Pennsylvania Sports Betting Handle Drops in April, But Not As Much as Other States

Following March Madness, sports betting in April usually sees a decline. In Pennsylvania, the handle fell by 14%, but the Keystone state fared relatively well compared to others that incurred a much larger drop.

Like most states, April was a hard month for sports betting operators in Pennsylvania. Following March Madness, sports betting in April usually sees a decline. In Pennsylvania, the handle fell by 14%, but the Keystone state fared relatively well compared to others that incurred a much larger drop.

Indiana saw a month-on-month decline of 25% and Michigan saw a decline of 26%. Even New Jersey, which regularly hits record-highs with each consecutive month, saw a 13% decline from March to April.

Handle and Revenue Breakdown

In April, Pennsylvania sports betting operators took in $479.4 million in bets, effectively breaking the four-month streak of a $500 million or more handle. The handle dropped by 14.4% compared to March’s $560.3 million, the lowest since September 2020. Likewise, sports operator revenue dropped 13.9% from $41 million in March to $36 million in April.

The silver living? Compared to April 2020, which generated a record-low handle of $46 million (due to the pandemic), April 2021 saw a significant year-on-year increase. Overall sportsbook revenue also saw a massive year-on-year increase of 1,025.1%. In April 2020, the market generated $3.2 million in gross gaming revenue and in April 2021, $36 million.

Market Leaders

FanDuel generated the largest handle with 35% of the total market share and $11.4 million in net gaming revenue. DraftKings came in a far second with 22% of the handle, amounting to $5.5 million in net gaming revenue. Barstool Sportsbook came in third with 12.2% of the handle and $150 thousand in net gaming revenue. (The relatively low net revenue was due to giving out a lot of bonuses.)

BetMGM came in fourth place with 6.9% of the market's total handle and $1.1 in net gaming revenue. BetRivers rounded out the top 5 with a 10.2% take of the handle and $2.2 million in net gaming revenue.

Mentioned in this article

See also

New Jersey Congressmen Push for Legalized Sports Betting

Montana Governor Approves Sports Betting Bill

NJ Online Gambling and Sports Betting Industries Are Thriving

Pennsylvania Casinos Can Now Submit Petitions For Online Gambling Licenses

New Year Sports Betting Team


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