With the Philadelphia Phillies in the middle of a playoff race for the first time in more than a decade, you would have thought Pennsylvania sports betting would have handled more money for the month of July.
That was not the case.
July’s total sports wagering handle - retail, online - was more than $336.5 million, a steep $57 million drop (14.5%) from June’s $393.49 million. However, the tally was up 10.5% from July 2021 ($304.42 million).
Online alone totaled more than $311.53 million, but that was also another significant drop of $52.44 million (14.4%) from last month’s $363.96 million. The number showed a 13.1% increase from last July ($275.45 million).
The official figures were released Wednesday by the Pennsylvania Gaming Control Board (PGCB).
Mobile wagering for the month was dominant with Pennsylvania sports betting apps accounting for 92.6% of the market.
One large reversal of fortune in July’s report was gross sports betting taxable revenue.
After posting $12.77 million in June, the Keystone State had a huge $12.68 million increase to more than $25.44 million in July, up a whopping 99.3% and up 28.1% from July 2021 ($19.86 million).
With the state’s 34% tax rate, more than $8.65M in tax revenue was generated from sports betting.
You can count on PennStakes.com for handle and revenue updates as well as the top Pennsylvania betting promos.
iGaming Shows Significant Increases
After a sub-par June, Pennsylvania online casinos rebounded with solid numbers for July.
Table games gross revenue showed a $10.56 million increase from the previous month, posting at more than $86.68 million, up a nice 13.9% from June’s $76.12 million.
Interactive banking tables handle for July also posted a modest gain at $1.681 billion, up 4% from June’s $1.62 billion.
However, gross revenue for interactive banking tables was down a significant 14.8% to $23.89 million from June’s $28.04 million.
July’s interactive slots handle registered at more than $2.149 billion, up 4.8% from June’s $2.05 billion, but gross revenue dropped a bit to more than $71.91 million, a slight 0.5% drop from June’s $71.9 million.
An impressive retail slots handle of more than $2.793 billion was posted in July, an increase of 10.8% from June’s $2.520 billion. Its gross terminal revenue came in at more than $213.90 million, another solid 10.8% jump from June’s amount of about $193 million.
Pennsylvania is one of only a few states that currently has legal real money online casinos, including blackjack sites. The other states are neighboring New Jersey, Delaware and West Virginia as well as Connecticut and Michigan.
Those states also have legal online poker, as does Nevada.