HARRISBURG, Penn. – Another state has joined in the fight to regulate prediction markets, as Pennsylvania lawmakers aim to pass new legislation taking aim at the controversial platforms. House Bill 2497 is a proposed act to amend Title 4 of the Pennsylvania Consolidated Statutes. It … Read more
Pennsylvania broke their monthly sports betting handle record for a second straight month in November. The Pennsylvania Gaming Control Board reported a record $934.1 million worth of total bets in November. FanDuel was the top online sportsbook by handle ($384.1 million) and revenue ($19.1 million). … Read more
The Pennsylvania Gaming Control Board released October’s sports wagering report, detailing a record high in monthly handle ($829 million) and the sixth highest tax contribution $17.3 million. While the revenue created from Pennsylvania sportsbooks hits the general fund, analyzing Pennsylvania’s expenditures show what sports betting … Read more
Pennsylvania’s September sports betting handle surpassed $726 million with the return of NFL betting. The state earned $66.1 million in revenue, a 12.2% increase from Sept. of 2022. FanDuel led all legal Pennsylvania sportsbooks with a Sept. handle of $256.39 million. PHILADELPHIA – The Pennsylvania … Read more
Over $141 billion have been bet on sports at regulated US sportsbooks since 2018 and over $10 billion in sports betting revenue has been reported by sportsbooks. States with regulated betting have now seen approximately $1.5 billion in tax revenue from local sportsbooks. There is … Read more
According to a recent report released by the Pennsylvania Gaming Control Board, Pennsylvania’s sportsbooks handled $714.96M in wagers for $48.51M in revenue. The $48.51 million in March sports betting revenue was more than double Pennsylvania’s figure from February when sportsbooks generated just $22.16 million in … Read more
Pennsylvania sports betting recorded a $597 million betting handle in February. Their February betting handle is down 24.8% from January. PHILADELPHIA – While Pennsylvania has been one of the hottest sports betting states in the country, they have seen a declining trend since the start … Read more
According to a new report released by the Pennsylvania Gaming Control Board, Pennsylvania’s sportsbooks turned over a larger sports betting handle in January than ever before. January continues a several-month-long stretch of sports betting success in Pennsylvania, coinciding with a significant increase in sportsbooks’ promotional … Read more
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 … Read more
Pennsylvania sports betting was up in handle for August but down in revenue due to sportsbook promotions for the month. Revenue was down 7.9% month-over-month while handle was up 14.5%. The 2021-2022 NFL season is expected to have the industry see a surge in handle … Read more
Kambi has officially announced a new football parlay product dubbed Game Parlays for the 2021-2022 NFL season. Sports bettors can now combine main and player prop bets within a single game and across multiple games at that. Betting fans can also add selections from other … Read more
Pennsylvania sportsbooks saw a 14.4% decline in activity in April. This comes as the college basketball betting season ended. Sportsbooks are expected to see an increase in May thanks to NBA betting. HARRISBURG, Pa. – Sports betting fans in Pennsylvania had less to wager on … Read more