Olufifun Adeleke
Writer
Publication date:
2022-10-27
Last updated:
2022-11-15
Numbers published by the Pennsylvania Gaming Control Board on Monday clearly show the natural weight that NFL betting brings to the state’s gambling industry.
With $645.2 million in September handle ( a $282 million raise from August and 11.5% bigger than last year).
September's revenue was $75.3 million; MoM increased by 79% from August.
It was also the second-largest month ever for Pennsylvania online casinos (including poker), reaching $139.7 million in gross revenue. The record in gross income was held in March with $147.7 million.
$1 billion - is the expected threshold for online casino tax revenue next month.
September'22 in figures for PA sports betting
Pennsylvania Gaming Control Board released some numbers:
- Hold: 11.7% (up 0.1% from August)
- Percent of bets placed online: 92.4%
- Promotional credits: $25.1 million
- Handle: $645.2 million (78% MoM jump; 12% YoY jump)
- Revenue: $75.3 million (79% MoM jump; 57% YoY jump) / Adjusted Gross Revenue (taxable): $25.1 million
- Sports betting taxes in September: $17.1 million to the state and $1 million to local entities.
- FanDuel Sportsbook - top sports betting app both by revenue and handle
All September revenue breakdown is next.
September'22 in numbers for online casinos and poker in PA
- Online slots made $104.8 million in revenue
- $32.2 million is the revenue from online table games
- Poker made $2.7 million in revenue
The entire September revenue breakdown by PA casino licensee is next.
A fast look at August sports betting and casino numbers in PA
PA sports betting September takeaways
- Sportsbooks in PA continue their strong year-over-year process of growth (YoY 11.5% handle increase) here in Year 4 of online NFL betting.
- The summer rollercoaster ended with sportsbook generating the third-highest month in handle in 2022.
- Sportsbooks impress everyone with their hold numbers, recording a second straight month above 10%. In June, Pennsylvania sportsbooks’ hold percentage was 5.8%
- FanDuel wows with their consistency in maintaining a market share of 38-42% for online bets placed in PA but had much stiffer competition in September.
- In September, DraftKings Sportsbook followed FanDuel by just $5 million in total handle, the nearest in handle they’ve ever been since launching in November 2019. FanDuel still has the top on hold with 15.7% compared to DraftKings’ 8.2%.
- PA took the No. 5 spot nationally in terms of sports betting handle, behind NY, IL, NJ, and NV.
PA casinos September takeaways
- Online slots got $104,824,119 while online table games - $32,177,304, both continue to show strong year-over-year growth, up 26.8% and 22.1%. They are also helping to raise overall gaming revenue growth in PA, which was up 7.9% year over year to $448.5 million.
- For online casinos, September was their second-top month ever, posting $139.7 million in revenue.
- 18 online casinos currently operate in Pennsylvania, and still plenty of room to grow with more on the way.
- $993 million in lifetime tax revenue for PA and local entities in just over 3 years were brought by PA online casino. They will soon run to $1 billion lifetime.