We do expect a couple more operators to conduct two-day or three-day test periods within the next couple of weeks,\u201d<\/strong> he said.<\/span><\/p><\/blockquote>\nThe launch of additional online sports betting options should only increase the amount of revenue the sportsbooks generate. Studies from neighboring New Jersey indicate that as much as 80 percent of that state\u2019s gambling revenue is generated from online betting.<\/p>\n
For comparison, the SugarHouse retail sportsbook average daily handle for May was $237,119. The online sportsbook, in limited testing, had an average daily handle of $191,054, and that happened despite not offering a mobile app for iPhone users.<\/strong><\/p>\nWhile the state awaits more sportsbooks to conduct online testing, the PGCB is also approving more licenses. Last week, the board approved a license for the Mount Airy Casino Resort, which plans a 3,800-square-foot sportsbook at its northeastern Pennsylvania venue. The Stars Group will manage the sportsbook.<\/p>\n
In addition, the board also approved a conditional sports wagering manufacturer license to KT Group Limited, which will make self-service sports betting kiosks for Presque Isle Downs and Casino in Erie.<\/p>\n
Fantasy Sports Up 35 Percent<\/h2>\n
On Wednesday, the PGCB announced that fantasy sports providers generated $1.8 million in revenue last month. That marked a 35.4 percent increase from May 2018.<\/p>\n
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FanDuel and DraftKings, the two largest players by far in the market, both reported large increases. FanDuel\u2019s $960,155 in revenue was up 42.7 percent from the same month last year, while the $813,346 reported by DraftKings represented a 28.7 percent jump.<\/p>\n<\/div>\n
Pennsylvania players spent $16.4 million on fantasy sports contest in May.<\/p>\n
For the fiscal year, fantasy providers have generated nearly $22 million in revenue from their sports contests, with $3.3 million in tax revenue created.<\/p>\n
Of the $207.5 million spent by players in the state, FanDuel ($93.5 million) and DraftKings ($102.2 million) account for a combined 94.3 percent of the fantasy sports market share in Pennsylvania.<\/p>\n","protected":false},"excerpt":{"rendered":"
Pennsylvania\u2019s sportsbooks reported nearly $2.9 million in gross revenue last month, according to data from the state\u2019s gaming commission. In addition, the state got its first look at the impact online sports betting may make. In just three days of testing, Philadelphia’s SugarHouse Casino took more than $573,000 in online bets, according to the Pennsylvania […]<\/p>\n","protected":false},"author":45,"featured_media":107406,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14007,10,1074],"tags":[],"acf":[],"yoast_head":"\n
Pennsylvania Gets First Taste of Online Sports Betting<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n