Pennsylvania November sports wagering handle tops $900m for the first time

December 20, 2023
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Sports wagering revenue, however, saw a 75.64% decrease.

The Pennsylvania Gaming Control Board (PGCB) has reported its gaming numbers for the month of November posting a combined total revenue of $444.5m, a decrease of 1.74% compared to that of November 2022. 

Sports wagering by far saw the most interesting changes year-over-year. While sports wagering total handle topped $900m for the first time, being valued at $934.1m, sports wagering revenue actually saw a significant decrease. 

For the month of November, sports wagering revenue was $12.9m, which was down from $52.9m from the same period last year. Hollywood Casino at Penn National Race Course saw by far the biggest decrease of all operators, falling 483.84% to make a loss of $7.8m. 

The PGCB explained that the reason for the steep drop in sports wagering revenue across the state was due to “both the offering of a significant amount of non-taxable promotional play by the newly-launched ESPN Bet operated under the Hollywood Casino at Penn National Race Course sports wagering certificate and a low hold percentage that benefited bettors.” 

IGaming revenue saw an increase of 22.84% last month, to a value of $158m, compared to November 2022, with Harrah’s Philadelphia seeing the largest increase of 114.07%. 

For land-based operations, slots revenue was up 2.25% year-over-year to $189.7m, while table games revenue was down 1.71% to $77.9m. 

Fantasy contests revenue was also up, increasing 1.95% to $2.6m for November 2023. DraftKings fantasy revenue was by far the highest at $1.8m, representing the largest increase of 18.15%. 

In other state number news, the Kansas and Racing Commission published its casino gaming results for November, highlighting that casino revenue had reached $31.6m for the month. 

State-by-State

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