Pa Sports Betting Revenue. 13, 2018, file photo, gamblers place bets in the temporary sports betting area at the sugarhouse. Pa mobile sports betting still live, but revenue down.
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Sugarhouse sportsbook pa took in more than $7.9 million in wagers itself, yielding over $780,000 in revenue. The next highest was rivers casino at $14.3 million. However, they gave out $12 million in promo credits, equal to 92% of online revenues.
However, that money should not be confused with what each sportbook’s handle is.
Since sports betting was only launched in november of last year, this will mark the first full season of nfl betting to give us a gauge for the true potential of pa sports betting. For less than a full year of legalized sports betting in pa, the state has already benefited to the tune of $7.8 million in tax revenue. Along with sports betting, they helped offset some of the losses in other verticals. It’s a far cry and a much different feeling than a few months ago.
However, the taxable sports revenue figure for september 2020 was just below $6.3 million,. A casino’s sports betting handle is the total number of dollars in wagers the sportsbook accepted.
Sugarhouse casino dominated sports betting in pennsylvania for july 2019. Revenue increases started to catch up to the rate of handle growth in august:
