- More than $447.4 million was wagered on sports in Pennsylvania in June.
- Sportsbooks saw over $42.4 million in revenue.
- Pennsylvania saw more than $5.5 billion in sports betting handle for fiscal year 2020/2021.
HARRISBURG, Pa. – Sports betting fans in Pennsylvania have been active in June, seeing another $400 million month in betting handle.
This brings the total sports betting handle for fiscal year 2020/2021 to $5,591,029,597 with $440,656,574 in sportsbook revenue and $105,008,722 in state tax.
This is a major bounce back for the Pennsylvania sports betting market following the COVID-19 pandemic causing shutdowns last year.
Pennsylvania Sports Betting
June saw a slight decline in betting activity in Pennsylvania with sportsbooks raking in $420,193,377 in betting handle. This is down 6% month over month from May’s activity, but sports betting revenue did boom in June.
Sportsbooks collected $42,495,332 in revenue, which is up 10% month over month. The state saw $11,636,677 in taxes.
The official report has shown that Pennsylvania’s dominance has come from mobile and online sportsbooks.
The main sportsbook that has continued to dominate the market has been FanDuel. FanDuel saw 39% of the total sports betting market in Pennsylvania in June. FanDuel also held 47% of the total revenue for June.
The runner-up was DraftKings sportsbook being responsible for 21% of the market and 15% of total betting revenue for June. BetMGM rounded up the top three, seeing 8.9% of total wagers, lapping barstools 8% in the process.
Pennsylvania continues the trend of major markets being dominated by mobile betting. New Jersey, Illinois, and Indiana for example see more than 90% of their total wagers come from mobile sportsbooks.
The legal sports betting market in Pennsylvania seeing over $5.5 billion in wagers to wrap up the fiscal year is a major win for the market.
Half of 2020 struggled with the lack of sports due to the pandemic. The bounce back in 2021 has been major and now positions Pennsylvania to see even more success going forward. A full year of open sports betting would smash the total betting handle record.
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.