Pennsylvania November sports wagering handle tops $900m for the first time
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.
Tags/Keywords
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
