VALLEY FORGE IS LEADING PA CASINO FOR SPORTS BETTING!

By Julie Glass

There are now 12 operational sportsbooks in the Pennsylvania and eight online betting sites.

Each month, the Pennsylvania Gaming Control Board (PGCB) releases numbers related to sports betting at each of the locations.

Included in those numbers are revenue for each of the books. However, that money should not be confused with what each sportbook’s handle is. A casino’s sports betting handle is the total number of dollars in wagers the sportsbook accepted. Some of those are winners and some of those are losers.

That is why revenue is a much smaller number than handle. In Nevada, the average handle of a sportsbook is just 5.5 percent. The handle in other states like New Jersey and Mississippi have been a little higher so far, but since the numbers are from football season, it stands to reason handle will level out once a full year is in the books.

One thing that is unique about Pennsylvania sports betting revenue reporting from the PGCB accounts for how many promotional dollars a sportsbook spends in calculating gross revenue. So, especially in the instance of online sites, the revenue numbers look smaller than you may expect.

MONTH-BY-MONTH PA SPORTS BETTING REVENUE BREAKDOWNS

FEBRUARY 2020

Casino or Off-Track Betting Facility Total Handle Total Revenue Online Handle Online Revenue Retail Handle Retail Revenue
FanDuel/Valley Forge Casino $140,970,569 $70,774 $138,460,432 $146,080 $2,510,136 ($75,306)
DraftKings/The Meadows $73,772,973 $1,067,446 $72,323,304 $1,000,564 $1,449,669 $66,882
SugarHouse/Rivers Philly $31,900,121 $1,168,358 $24,748,470 $784,565 $7,151,650 $383,793
Parx $25,749,773 $946,048 $19,873,550 $818,817 $5,876,224 $127,231
Rivers Pittsburgh $24,887,812 $809,858 $18,885,943 $680,514 $6,001,869 $129,344
FOX Bet/Mount Airy $14,974,947 $519,307 $14,385,280 $539,372 $589,668 ($20,065)
Unibet/Mohegan Sun Pocono $5,712,486 $395,819 $4,027,302 $395,819 $1,685,184 $19,561
Presque Isle Downs $3,145,194 $50,123 $1,423,222 $37,258 $1,721,973 $12,865
Harrah’s Philly $2,911,391 ($64,494) 0 0 $2,911,391 ($64,494)
South Philly Race and Sportsbook $2,742,245 $181,236 0 0 $2,742,245 $181,236
Hollywood Casino at Penn National Race Course $2,141,897 ($150,053) 0 0 $2,141,897 -$150,053
Oaks Race and Sportsbook $856,374 $17,529 0 0 $856,374 $17,529
Statewide Total $329,765,782 $4,722,252 $294,12

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