{"id":1158,"date":"2019-11-25T08:50:45","date_gmt":"2019-11-25T08:50:45","guid":{"rendered":"https:\/\/www.pennsylvaniacasinos.com\/news\/?p=1158"},"modified":"2019-11-25T08:51:58","modified_gmt":"2019-11-25T08:51:58","slug":"pennsylvania-sports-betting-posts-more-growth","status":"publish","type":"post","link":"https:\/\/www.pennsylvaniacasinos.com\/news\/pennsylvania-sports-betting-posts-more-growth\/","title":{"rendered":"Pennsylvania Sports Betting Posts More Growth"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>The Pennsylvania Gaming Control Board (PGCB) has <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/gamingcontrolboard.pa.gov\/?pr=884\" target=\"_blank\">recently released the revenue figures<\/a> for sports betting in the Keystone State. According to the figures released by the gaming regulator, the state&#8217;s sports betting sector handled a whopping<strong> $241.2 million<\/strong> in bets. This was a <strong>24 percent increase <\/strong>from the <strong>$194.5 million <\/strong>that was <a href=\"https:\/\/www.pennsylvaniacasinos.com\/news\/pennsylvania-posts-record-sports-betting-revenue-in-september\/\">recorded in the previous month<\/a>.<\/p>\n\n\n\n<p>From the amount that was wagered, the sportsbooks generated <strong>$19.1 million<\/strong> in revenue. From that, <strong>$5.1 million <\/strong>went to the state as tax revenue. This is the second straight month that Pennsylvania has received more than $5 million in revenue.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"online-gambling-takes-the-lead\">Online Gambling Takes the Lead<\/h2>\n\n\n\n<p>Unsurprisingly, the state&#8217;s five online sportsbooks accounted for $198.7 million of the total amount wagered in October. That is a whopping 82 percent of Pennsylvania&#8217;s handle. Since online gambling went live in the state in July, it has grown tremendously and now leads the way in terms of bringing the industry to maturity. Its growth has been meteoric but this was all expected considering just how big the state&#8217;s population is and the<strong> huge demand for online betting options.<\/strong><\/p>\n\n\n\n<p>In fact, online gambling is set to take center stage in the state&#8217;s\nlucrative and thriving sports betting market. A number of brands including DraftKings\nand FanDuel have capitalized on this and their presence is expected to fuel\neven more growth.<\/p>\n\n\n\n<p>As it stands, FanDuel is the king of sports betting in Pennsylvania. The online and mobile sports betting operator handles <strong>$113.9 million <\/strong>in bets last month. It also generated a total of<strong> $8.1 million <\/strong>in revenue. Coming in at a distant with a combined handle of <strong>$56.6 million<\/strong> were BetRivers and Play SugarHouse. Fox Bet came in last but this is quite understandable since the newly launched online sports betting operation is still trying to adjust to the new market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"retail-sports-betting\">Retail Sports Betting<\/h2>\n\n\n\n<p>The highest retail sports betting handle in the state was posted by Rivers Pittsburg \u2013 it handles <strong>$7.7 million<\/strong>. Coming in at the second spot was the Parx Casino sportsbook which handled <strong>$7.5 million<\/strong>. At the third position was Rivers Philadelphia which handled <strong>$7.2 million<\/strong> in sports bets.<\/p>\n\n\n\n<p>Retail sports betting as a whole <strong>went up by a modest $6 million <\/strong>and some improvements are expected in the near future. This is because the retail sportsbooks have been investing in rebranding and massive improvements that are meant to attract the attention of bettors. To make it even better, some of these retail sportsbooks will also be promoting online and mobile sports betting through their services at the venues. This is definitely a win-win situation for both online and retail sports betting.<\/p>\n","protected":false},"excerpt":{"rendered":"The Pennsylvania Gaming Control Board (PGCB) has recently released the revenue figures for sports betting in the Keystone State. According to the figures released by the gaming regulator, the state&#8217;s sports betting sector handled a whopping $241.2 million in bets. This was a 24 percent increase from the $194.5 million that was recorded in the [&hellip;]","protected":false},"author":6,"featured_media":1159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[159,71,80,239,97,108],"class_list":["post-1158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","tag-mobile-sports-betting","tag-online-sports-betting","tag-pgcb","tag-retail-sports-betting","tag-revenue","tag-sports-betting"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pennsylvania Sports Betting Posts More Growth - PennsylvaniaCasinos.com News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pennsylvaniacasinos.com\/news\/pennsylvania-sports-betting-posts-more-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pennsylvania Sports Betting Posts More Growth - PennsylvaniaCasinos.com News\" \/>\n<meta property=\"og:description\" content=\"The Pennsylvania Gaming Control Board (PGCB) has recently released the revenue figures for sports betting in the Keystone State. According to the figures released by the gaming regulator, the state&#8217;s sports betting sector handled a whopping $241.2 million in bets. 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Just like any professional person with a strong affinity for words she spends quite a bit of time reading and brushing up on her general knowledge, and gaming specifically. She loves to find inspiration in the works of her fellow colleagues and often does. 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