Published
CasinoPokerFinancialSports Betting

Pennsylvania sportsbooks produce revenue of $85m for November

Pennsylvania online and retail sportsbooks reached a new revenue record with nearly $85m, from over $760m in handle (total wagers) for November.

penn map

The state’s sportsbooks accepted $761.6m in wagers for November, the state's second-highest tally. The month’s wagers showed a 59% increase year-on-year.

Although November didn’t surpass October’s record of $776.3m, daily betting volume was $25.4m per day, compared to $25m daily for October.

November produced $84.9m in gross revenue, easily beating January’s total of $49.3m.

Year-on-year, revenue was up 75%; the month generated $63.7m in taxable revenue after $21.3m in promotional spending, which yielded $23m in state taxes.

Online sportsbooks accounted for 92% of Pennsylvania’s total handle. FanDuel led the online market with $238.6m in bets. DraftKings followed with $215m in wagers and Penn National’s Barstool-branded app came in third with $74.3m in bets.

Retailers produced $57.5m in wagers for November, up 7% from $53.5m for October.

Online casinos and poker rooms produced $114.5m in gross gaming revenue but fell short of October's $117m record. November’s revenue was up 58%.

Online casinos won $3.8m in daily gross gaming revenue over the 30 days of November, similar to the pace of the previous month. However, wagering at online casinos fell to $3.8bn for November from $4.1bn for October.

Poker alone generated $2.8m in revenue and PokerStars led the market with $1.8m here.

In total, online casino and poker produced $93.9m in taxable revenue, which generated $39.1m in state taxes.


Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Soft2Bet
Scientific Games
Digitain Malta
Follow Us

Facing Facts: Q3 2024 analysis

Gambling Insider takes a look at the Q3 results of operators...

Taking stock: The final count of 2024

Gambling Insider tracks operator and supplier prices of some...

CEO Special: Flutter CEO Peter Jackson – Playing to win

As the biggest publicly traded operator in gambling meets th...

CEO Special: Holland Casino CEO Petra de Ruiter – High flier

Petra de Ruiter, Holland Casino CEO, speaks to Gambling Insi...

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the event manager

A message from the Event Manager of the Global Gaming Awards...

From the Awards adjudicator

KPMG in the Crown Dependencies is the official voting adjudi...

The process

The Global Gaming Awards have deservingly earned the reputat...