PA Sportsbooks Report $578.8 Million In Bets For September

by | Oct 22, 2021 12:30 pm | Revenue

PA Sportsbooks Report $578.8 Million In Bets For September

Pennsylvania Sports Betting

  • Sports betting activity is up 68% month-over-month in September in Pennsylvania.
  • Sportsbooks reported $578.8 million in bets, the second-highest betting handle since the industry launched.
  • Online betting dominated the market with 91% of all bets coming from mobile sportsbooks.

HARRISBURG, Pa. – Sportsbooks in Pennsylvania reported the second-highest sports betting handle since the industry launched in September, nearing the $600 million mark.

The spike came during the first weeks of the NFL season. With Pennsylvania being home to both the Philadelphia Eagles and the Pittsburgh Steelers, it’s understandable that sports bettors have been active.

Pennsylvania was also dominated by the mobile sports betting market yet again.

Sports Betting Spikes In Pennsylvania

The Pennsylvania sports betting market saw $578,760,746 in wagers in September according to the report released by the Pennsylvania Gaming Control Board (PGCB). This is up 66% month-over-month from the $348,520,369 reported in August.

Sports betting revenue is the real story, with sportsbooks retaining $48,113,670 for an 8.3% hold rate. Revenue is up 90% month-over-month compared to the $25,315,958 in August. The state received 34% of revenue in taxes for $6,122,463

Mobile Sportsbooks Dominate

Online sportsbooks continue to be the main way Pennsylvania sports gamblers wager on their favorite teams. Online sports wagering accounted for $527,438,189 of all bets, 91% of the entire market share for September.

The top sportsbook was FanDuel with $183.7 million in online handle. This was a 34.8% market share. DraftKings came in second place with $164.7 million for a market share of 31.2%. Barstool Sportsbook saw $52.8 million in bets to round out the top three with a 10% market share.

Multiple sports were seeing a lot of action as NFL betting ultimately dominated sportsbooks. All-time high records are being set as the season progresses.

New Jersey surpassed $1 billion in wagers, becoming the first market to do so. Every sports betting industry has seen a bump in action in September with the NFL season starting.

Sportsbooks will continue to see big numbers in betting handle and revenue throughout the NFL season. And with the NBA season here as well, even more action will be placed.

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