October 17, 2020 Sports Betting

Pennsylvania September sports betting handle reaches record $463m

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Pennsylvania retail and online sportsbooks posted a record handle of $463m for September according to PlayPennsylvania.

September handle grew 138% year-on-year and far surpassed the $365m of wagers placed in August. 

Despite the enormous handle, revenue only reached $6.3m. PlayPennsylvania cites heavy promotions and unlucky results for the low win. 

Online wagering made up approximately 90% ($414m) of the September handle, led by FanDuel Sportsbook at Valley Forge Casino with $168m in online bets. The DraftKings Sportsbook at Meadows was next closest with an online handle of $117m.

Dustin Gouker, lead analyst for PlayPennsylvania, said: “With the beginning of the NFL season, a full schedule of baseball, and the NBA and NHL playoffs, there may never be such a confluence of sporting events again. Like New Jersey, Pennsylvania has created a well-rounded market that can drive significant action on every major sport. That market dynamic was able to bear fruit in September in a way that may never be fully possible again.”

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