Pennsylvania Sports Betting Action Starts Picking Up Again in August

The increase in handle reversed a downward trend that Pennsylvania sportsbooks had been on, with August’s increase snapping a four-month losing streak for operators in the overall amount of wagering.

Geoff Zochodne - Sports Betting Journalist at Covers.com
Geoff Zochodne • Senior News Analyst
Sep 20, 2021 • 15:07 ET • 1 min read
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Bettors in the Keystone State began ratcheting up their action again last month. 

The Pennsylvania Gaming Control Board announced on Monday that the state's sports-betting handle for August was $348.5 million, an increase of about 14.5 percent over July's $304.4 million in wagering.

Revenue from sports betting was $25.3 million for Pennsylvania in August, or a hold of nearly 7.3 percent. Neither number topped the state's take in July, when it booked approximately $27.5 million in revenue, or a win percentage of nine percent.

The handle for August 2021 was also 4.5 percent lower for Pennsylvania than the $365 million that was bet on sports in the state in August 2020.

Still, the month-over-month increase in handle reversed a downward trend that Pennsylvania sportsbooks had been on earlier this year, with August’s increase snapping a four-month losing streak for operators in the overall amount of wagering. 

As per usual, online sports betting made up the bulk of the action in the state last month. According to the PGCB, the internet handle was $318.1 million, or about 91.3 percent of August's total.

Moreover, the top sportsbook in the state was again that of FanDuel, which took approximately $137.4 million in online and in-person bets via its partnership with the Valley Forge Casino Resort in King of Prussia, Pa. 

After shelling out $7.3 million in promotional credits to bettors last month, the taxable revenue for Pennsylvania sportsbooks was $18 million. State tax due in August from sports wagering was $6.1 million.

The best is yet to come?

Pennsylvania's improved handle numbers in August came amid the National Football League’s preseason and the start of college football play. The start of the NFL regular season this month could bode even better for legal sportsbooks in the state. 

Pennsylvania’s total gaming revenue for August was about $408.1 million, an increase of more than 31 percent compared to a year earlier, the gaming control board said. 

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Geoff Zochodne, Covers Sports Betting Journalist
Senior News Analyst

Geoff has been writing about the legalization and regulation of sports betting in Canada and the United States for more than three years. His work has included coverage of launches in New York, Ohio, and Ontario, numerous court proceedings, and the decriminalization of single-game wagering by Canadian lawmakers. As an expert on the growing online gambling industry in North America, Geoff has appeared on and been cited by publications and networks such as Axios, TSN Radio, and VSiN. Prior to joining Covers, he spent 10 years as a journalist reporting on business and politics, including a stint at the Ontario legislature. More recently, Geoff’s work has focused on the pending launch of a competitive iGaming market in Alberta, the evolution of major companies within the gambling industry, and efforts by U.S. state regulators to rein in offshore activity and college player prop betting.

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