The Keystone State’s gross revenue from sports betting more than doubled year-over-year in June.
Key takeaways
- Pennsylvania sports betting operators enjoyed a massive 13.8% hold.
- Fiscal-year handle and gross revenue rose from the previous period.
- FanDuel posted another impressive profit month.
The Pennsylvania Gaming Control Board recently reported online and retail sportsbooks generated $66.8 million in profits, a 51.8% increase from June 2024. $51.2 million in taxable revenue had an even bigger 71.4% year-over-year leap.
All that operator winning led to $17.4 million in tax income for the Keystone State.
Pennsylvania sports betting operators dominated bettors behind a massive 13.8% hold on June’s $483.6 million handle. It was a huge win for the books in a month with the NBA and NHL Finals as well as heavy MLB volume.
Handle was up a milder 4.1% from the same month in 2024, the lightest amount wagered since August 2024. More than $460 million of June’s total handle came from online sports betting. Retail books took in around $23 million.
Finishing up a fiscal year
Pennsylvania wrapped up its 2024-25 fiscal year with June’s totals. Sports betting generated $8.72 billion in wagers over the last 12 months, including $8.29 billion from online sportsbooks. The total FY handle was up nearly 7% from the previous period.
Operators hauled in $774.9 million in gross revenue, an 11.6% year-over-year increase, and $487.6 million in taxable income produced $165.8 million for the Keystone State.
FanDuel dominates
| Online Operator | June Handle | Revenue |
|---|---|---|
| FanDuel | $162.2 million | $28.3 million |
| DraftKings | $130.5 million | $17.8 million |
| BetMGM | $46 million | $4.3 million |
| Fanatics Sportsbook | $35 million | $5.4 million |
| BetRivers | $21.3 million | $2.1 million |
| bet365 | $20.9 million | $2.7 million |
FanDuel’s handle fell from $250 million in May to $162.2 million in June, but the gross revenue difference was just a little over $6 million. The online operator can thank a 17.2% hold for another big profit month.
DraftKings generated $17.8 million from a $130.5 million handle, the second-best of all Pennsylvania operators in June. BetMGM was third with a $46 million haul, but Fanatics Sportsbook used a 15.4% hold to create $5.4 million in income, third-best, on a $35 million handle.
BetRivers edged bet365 and ESPN BET with a $21.3 million handle. The other two operators both reached $20.9 million. bet365 produced the best results with a $2.7 million June profit.
Total gaming stays hot
Sports betting was part of another successful total gaming revenue month. May was the best the Keystone State had ever had. June produced $544.7 million in revenue, a 15.4% year-over-year increase, from land-based table games and slots, iGaming, sports betting, and fantasy sports.
Online casinos generated $212.6 million of June’s total. iGaming revenue jumped 32.2% from the same month in 2024, leading to a $95.6 million tax payout to the commonwealth, which received $229.7 million during June.
