Pennsylvania Sports Betting Revenue Spikes 118%, Surpasses $100M in December

The Keystone State’s online and retail sportsbooks enjoyed a 13% hold on $797.4 million in wagers during the final month of 2025.

Brad Senkiw - Contributor at Covers.com
Brad Senkiw • News Editor
Jan 21, 2026 • 12:42 ET • 4 min read
Photo By - Imagn Images.

The Keystone State’s online and retail sportsbooks didn’t feel the burn of a 10.7% year-over-year handle decrease in December, as gross revenue spiked a massive 118.5% from the same month in 2024.

Key Takeaways

  • Pennsylvania operators produced back-to-back months with over $100 million in gross revenue.

  • December’s handle was the lowest since August.

  • Total gaming revenue reached an all-time yearly high.

The Pennsylvania Gaming Control Board (PGCB) recently reported that sports betting operators hauled in $103.8 million in gross revenue, the second-highest total ever recorded behind November’s $119.5 million, and a significant rise from the $47.5 million produced in December 2024. 

The final month of 2025 also marked the second consecutive time Pennsylvania sports betting revenue surpassed $100 million, thanks to a 13% hold that was the highest of 2025 and more than double December 2024’s win rate. 

The $797.4-million handle was the lowest recorded since August. Pennsylvania online sports betting generated $763.5 million of the total amount wagered in December, while mobile operators brought in $99.4 million in gross revenue.     

The Keystone State filled its coffers with $28.8 million in December. 

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2025 in the books

Pennsylvania sports bettors wagered over $8.7 billion online in 2025, a 3.5% increase from 2024. Mobile sportsbooks generated $867.8 million in gross revenue over the 12 months. Profits were up 11.5% compared to the previous year and set a state record. 

The yearly hold reached 10%, besting 2024’s 9.2% win rate. Operators experienced six double-digit holds during 2025, all between May and December. There were five win rates over 10% recorded in 2024.  

Massive hold

Online Operator December Handle Revenue
FanDuel $281.8 million  $45.4 million
DraftKings $243.2 million $28.4 million
BetMGM $56 million  $5.6 million
Fanatics  $54.3 million $6.2 million
bet365 $36 million  $4.2 million

FanDuel rode an incredible 16.1% hold on a state-leading $281.8-million handle to generate $45.4 million in gross revenue during December. Profits were nearly double from the same month in 2024, but gross revenue dipped over $12 million from November despite cutting promotional spending in half. 

DraftKings produced a solid 11.7% win rate to capture $28.4 million of the $243.2 million wagered at the online sportsbook for the month. BetMGM finished third with a $56-million handle, but Fanatics used an 11.4% hold to turn a higher profit on a lesser handle. 

bet365 accepted more than $35 million in wagers during December and won back 11.7% of the handle. theScoreBet, Caesars, and BetRivers all surpassed $20 million in wagers during the month.    

Record revenue 

The PGCB announced on Wednesday a new total gaming revenue record, as profits soared to $6.8 billion from slot machines, table games, sports betting, iGaming, video gaming terminals, and fantasy sports. 

The Keystone State’s fifth consecutive year of gaming revenue growth was fueled by a 27% year-over-year spike in online casino profits. Pennsylvania collected nearly $3 billion in tax revenue in 2025, besting 2024’s $2.7 billion for the all-time mark. 

December was a huge month for iGaming, which set a new monthly record with $259.7 million in revenue. Total gaming revenue of $616.7 million in December was the second highest all time. 

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Brad Senkiw - Covers
News Editor

Brad has been covering sports betting and iGaming industry news for Covers since 2023. He writes about a wide range of topics, including sportsbook insights, proposed legislation, regulator decision-making, state revenue reports, and online sports betting launches. Brad reported heavily on North Carolina’s legal push for and creation of online sportsbooks, appearing on numerous Tar Heel State radio and TV news shows for his insights.

Before joining Covers, Brad spent over 15 years as a reporter and editor, covering college sports for newspapers and websites while also hosting a radio show for seven years.

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