February 18, 2021 Sports Betting, Casino, Online, Land-Based

Pennsylvania sets iGaming revenue record of $80m for January; sports betting handle tops $615m

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Pennsylvania secured a record-setting January for iGaming with revenue reaching more than $80m, while sports betting handle totaled $615m.

All forms of gaming plus fantasy contests led Pennsylvania operators to earn a total $311m in January gaming revenue, a 2.7% increase year-on-year.

iGaming was up 476% y-o-y, led by Hollywood Casino at Penn National, which generated $27.6m for an astounding 1,047% y-o-y increase.

Rivers Casino Philadelphia/BetRivers was not far behind at $21m, while Valley Forge Casino/FanDuel took third at $14.8m.

Mount Airy/PokerStars generated $2.7m in online poker revenue for the month, which helped push Mount Airy to $6.3m in total iGaming win.

Sports wagering handle grew 12% from December 2020’s total of $549m, while revenue fell slightly from December to $34m. Online wagers accounted for 88% of January sports betting win.

The FanDuel Sportsbook at Valley Forge led the way with $223m in handle and revenue of $14.5m. All but $225,000 of Valley Forge/FanDuel’s sports betting win came via online.

Penn National’s Barstool Sportsbook at The Meadows was a distant second with $145m in handle and revenue reaching $7.9m.

DraftKings Sportsbook at Hollywood Casino finished third in handle with $66.5m but only earned $1.3m in revenue, likely related to easy-to-win promotions.

Retail sportsbooks were led by Rivers Philadelphia and Pittsburgh, which combined for nearly $1.5m of Pennsylvania’s $4m retail sports betting win.

Brick-and-mortar casinos were closed for three days in January but still pulled in $141m in slots (down 26% y-o-y) and $51m in table games (down 30% y-o-y) revenue.

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