hollywood casino pa online sports betting

FanDuel remained as the top online sports betting operator in Pennsylvania, totaling over $192 million in total handle and nearly $30 million in gross sports betting revenue for Valley Forge Casino in May. The following are the handle and revenue totals for each online sports betting operator in the state. Online Sports Betting Handle and Revenue Totals for May Online sports betting has led to more than $150 million in state tax revenue and retail sports betting has accounted for more than $18 million for fiscal year 2022/2023. In terms of gross sports betting revenue, online sports betting has accounted for $418.7 million and retail sports betting has reported $50.2 million. Pennsylvania has eclipsed more than $6.3 billion in total online sports betting handle for fiscal year 2022/2023 and $495.7 million in retail sports betting handle for the same time period. The same stood true for gross sports betting revenue, with online sports betting accounting for $37.1 million in taxable revenue and retail sports betting accounting for just $4.04 million.

Pennsylvania reported $460,189,893 in online sports betting handle, compared with just $35.4 million in retail sports betting handle. To no surprise, online sports betting dominated the state compared with Pennsylvania’s brick-and-mortar sportsbooks. However, taxable revenue for the month, $41.1 million, increased by 17.41% when compared with May 2022’s figure of $35 million.

May 2023’s total sports betting handle came in at $495.6 million, an increase of 0.45% over May 2022. In total, May 2023 iGaming revenue was a 24.2% increase over the $113.3 million May 2022 iGaming revenue total.

Hollywood casino pa online sports betting