Pennsylvania sports betting and iGaming figures for November are out and the overall gross revenue was record-breaking.
The figures were released Monday by the Pennsylvania Gaming Control Board (PGCB).
Here are three takeaways from November’s online gambling in PA report:
Pennsylvania Sports Betting Revenue a Record
Despite a slight tick down in total and online sports betting handles, the November gross sports betting revenue was off the charts.
More than $63.66 million dollars came into the Keystone State, a whopping increase of 170.6% from October’s $23.53 million and up 70.5% from a year ago, shattering the old mark of $37.35 million.
Mobile Betting Still Strong
Though November’s online sports betting handle ($704.07 million) was down more than $10 million (1.4%) from October’s $714.09 million, it was up a solid 57.4% from a year ago ($447.41 million), proving yet again that Pennsylvanians will bet anywhere at any time.
Mobile betting was 92.4% of the market.
Pennsylvania Sports Betting, November vs. October
|Total Handle||Mobile Handle||Gross Revenue|
|Change||Down 1.9%||Down 1.4%||Up 170.6%|
Gaming Decreases Across Board
Pennsylvania’s other sectors of gaming, including table games, interactive slots, retail slots and interactive banking tables, all had solid decreases from a month ago.
For example, table games gross revenue for the month was down 6.9% ($82.9 million) from October’s $89.07 million.
The largest decrease was in the month’s interactive banking tables handle. The number posted ($1.89 billion) was down 10.4% from October’s $2.166 billion.
Pennsylvania Gaming Factors To Consider
Also potentially causing some changes in the numbers this month:
The betting this month was not as vibrant as October, where there were five weeks. In addition, the World Series wrapped up in October and the NBA and NHL seasons both begun. And, of course, there were five weeks of wagering on college football and NFL slates in October.
Also, with Thanksgiving and the start of the holiday shopping season last month, more bettors tended to keep their money close to their wallets, purses or bank accounts rather than taking it out.
For those bettors, their rainy day was the month of November.