The Pennsylvania Gaming Control Board (PGCB) reported the state's official sports wagering figures for August last week, showing solid increases throughout, with expectations of a healthy autumn ahead.
Key Takeaways
- State shows an increase in handle from a year ago, posting $515.4 million.
- Taxable revenue for August was $49.1 million, a spike of close to $20 million from a year ago.
- FanDuel topped all operators with $171.7 million in handle at Valley Forge Casino Resort.
Overall, the Keystone State's total sports wagering handle for August came in at $515,446,826, a 6.21% increase higher than August 2024's total handle of about $485.3 million.
Taxable revenue for the month was $49,151,040, an impressive 63.82% jump from August 2024 when taxable revenue was just above $30 million.
FanDuel Continues Dominance
| Online Operator | August Handle | Revenue |
|---|---|---|
| FanDuel | $171.7 million | $18.7 million |
| DraftKings | $147.2 million | $12.2 million |
| BetMGM | $41.3 million | $3.6 million |
| Fanatics Sportsbook | $35.4 million | $3.2 million |
| BetRivers | $24.3 million | $2.7 million |
| bet365 | $20.3 million | $2.1 million |
With Pennsylvania sports betting operating 17 brick-and-mortar retail sportsbooks and 11 mobile applications, Valley Forge Casino Resort (FanDuel Sportsbook) topped them all with more than $171.73 million in total handle, generating a total revenue of more than $18.75 million ($18.8 million online). FanDuel is also linked to Live! Casino Philadelphia, located outside of Citizens Bank Park ($4.21-million total handle, $689,140 total revenue).
Hollywood Casino at The Meadows (DraftKings) was second with more than $147.22 million in total handle, raking in more than $12.27 million in total revenue ($12.09 million online).
Hollywood Casino York (Fanatics Sportsbook) rounded out the top three with over $41.33 million in total handle and $3.65 million in total revenue ($3.57 million online).
Combined total revenue generated from all forms of gaming, including fantasy contests, totaled $582,339,535, a 14.15% increase from revenue generated in August 2024. The total marks the state's second-highest monthly revenue, surpassed only by May's revenue this year ($601,833,369). Sources of gaming revenue regulated by the PGCB include slot machines, table games, internet gaming, sports wagering, fantasy contests, and video gaming terminals (VGTs).
Official figures for September, which will factor in full starts to both pro and college football, should be released around Oct. 17.
