Coupled with its retail sportsbook at the Valley Forge Casino Resort, the FanDuel Sportsbook reported a total handle of $118 million. That\u2019s larger than Pennsylvania\u2019s next seven biggest sportsbooks combined.<\/p>\n<\/div>\n
Pennsylvania currently ranks second behind New Jersey, so far, in total handle among the sports betting states for October. New Jersey reported a handle of $487.9 million, and its sportsbooks reported revenues of $46.4 million. However, the Garden State\u2019s lower tax rate meant its coffers only took in $5.7 million in October.<\/p>\n
Pennsylvania\u2019s sports betting market is showing signs that it is reaching maturity as it celebrates the one-year anniversary of taking its first bet.<\/p>\n
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For comparison\u2019s sake, October\u2019s handle nearly matched the entire handle across the state for the seven-plus months sports betting was available in Pennsylvania in the 2018-19 fiscal year. From November 2018 to June, Pennsylvania\u2019s sportsbooks accepted nearly $244.7 million in bets.<\/p>\n<\/div>\n
For the first four months of the 2019-20 fiscal year, the 12 sportsbooks in Pennsylvania have tallied $604.1 million in bets, with revenues totaling $53.4 million. The state has received $14 million in taxes.<\/p>\n
Sportsbooks Still Opening in Pennsylvania<\/h2>\n
October was the first month for one sportsbook in Pennsylvania.<\/p>\n
The Meadows Casino in North Strabane, located in the southwest corner of the state, opened a DraftKings sportsbook on Oct. 10. In the three weeks of operation last month, it accepted more than $773,000 in bets.<\/p>\n
DraftKings mobile app went live in the state earlier this month.<\/p>\n
October was the first full month for two sportsbooks. The Mount Airy Casino, which helped debut the FOX Bet app unveiled by The Stars Group, reported a handle of $10.4 million. The FOX Bet app accounted $9.7 million of the wagers made.<\/p>\n
Despite being heavily marketed by FOX Sports, the app finished a distant fifth among the five mobile applications available.<\/p>\n
The Mohegan Sun Pocono racino, located in Wilkes-Barre, reported a retail sports betting handle of $2.1 million. Its sportsbook is operated by Unibet.<\/p>\n","protected":false},"excerpt":{"rendered":"
Pennsylvania saw its sports betting handle in October jump to $241.2 million, a 24 percent increase from September, according to data released Monday by the state. The reported total marks the largest amount wagered since the state started offering legalized sports betting a year ago. The state-licensed sportsbooks reported gross revenues of $14.9 million for […]<\/p>\n","protected":false},"author":45,"featured_media":120232,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,1074],"tags":[],"acf":[],"yoast_head":"\n
Pennsylvania Sports Betting in Oct. Jumps 24 Percent from Sept. Totals<\/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