- With the return of major sporting events, Pennsylvania saw a massive spike in sports betting revenue in July.
- The most wagered on event was UFC 251.
HARRISBURG, P.A. – The Pennsylvania Gaming Control Board (GCB) has released the official numbers, showing Pennsylvania had a huge sports betting surge in July.
This surge has been attributed to the return of major sporting events, with UFC 251 being the most wagered on event in July.
The Keystone State has reopened all 12 of its casinos after being forced to close everything down earlier in the year due to the coronavirus.
Sports Betting Boom
Those legally betting on sports Pennsylvania came out in droves to bet both online and at the reopened physical casinos.
This led to PA seeing a massive boom in sports betting revenue in July over the prior months. The Pennsylvania GCB released the monthly sports wagering report which showcases the revenue increase.
According to the report, the Keystone State took in $89 million in total betting handle, with $88.9 million coming from online wagers.
Revenue from online sportsbooks were $6.8 million with land-based operators actually losing $99,000 in revenue, bringing the total revenue to $6.7 million in July.
During the July 23 opening night of the MLB season, FanDuel reported their mobile app having the “biggest night ever,” according to Matt King, FanDuel CEO.
Many registrations can also be attributed to the return of basketball which aired in the same week.
“There’s going to be a lot of volume on basketball, it could easily be a third to half the business today, so the fact that it’s back means a lot more players and a lot more volume,” said King.
As both the NBA and MLB seasons progress, and more sports such as the NHL returns, Pennsylvania’s legal sports betting figures are only expected to see more increases.
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.