Pa. Sports Betting: $793.7M New Monthly Handle Mark and Other Takeaways

Pa. Sports Betting: $793.7M New Monthly Handle Mark and Other Takeaways

By Lou Monaco

After ending last year on a down note, Pennsylvania sports betting and iGaming figures for January responded in record-breaking fashion.

The numbers were released early Friday by the  Pennsylvania Gaming Control Board (PGCB).

Here are three takeaways from January’s Pennsylvania report:

SPORTS BETTING, MOBILE HANDLES SHATTER OCTOBER MARKS

With the Philadelphia Eagles and Pittsburgh Steelers both making surprise appearances in the NFL playoffs, total sports betting handle in the Keystone State came close to the $800 million mark, posting a record $793.72 million. That breaks the old record of $776.28 million set in October 2021.

The number also marked a 29% increase over January numbers from a year ago ($615.29 million).

January online sports betting powered up to a record $737.44 million, up 6.4% from December’s $693.27 million and 27.2% better than January 2021 ($579.94 million). The new record topped $714.09 million, also set in October.

Mobile betting ticked upward to 92.9%, up a modest 0.5% up from December’s 92.4% mark.

Gross sports betting revenue skyrocketed 71% to $32.17 million from December’s $18.82 million but was down 5.3% from January 2021 ($33.97 million).

MOBILE SLOTS, TABLES GROSS REVENUES POST RECORDS

Two new mobile gross revenue records were recorded on the iGaming front in January.

Mobile slot machine gross revenue came in at $71.84 million, up 4.4% from last month’s $68.8 million. In doing so, it broke the old record of $70.72 million set in October 2021.

Mobile table games gross revenue posted a record $33.08 million, an increase of 9.4% from December’s $30.25 million. The mark broke the old record of $31.39 million set in May 2021.


Pennsylvania Sports Betting, January vs. December

Total HandleMobile Handle Gross Revenue
January$793.723M $737.443M $32.170M
December$750.389M$693.270M$18.818M
Change Up 5.8% Up 6.4% Up 71.0%

SUPER BOWL BETTING, HANDLE GOOD SIGN FOR FEBRUARY

Earlier this week, the PGCB announced preliminary Super Bowl figures that showed $68,044,810 in total handle was wagered in the state through retail and online sportsbooks, marking a 27.5% increase over wagers placed last year ($53.6 million).

Online sports betting handle was $61.1 million and retail betting in the state garnered $6.94 million.

With the early February launch of PointsBet mobile in the state, along with a new opening of a Parx Sportsbook retail location at Malvern’s Chickie’s & Pete’s restaurant, these numbers are expected to continue in a positive fashion moving forward.

quote
WRITTEN BY
PennStakes.com
Lou Monaco
Lou Monaco had been East Coast Scene columnist for Gaming Today in Las Vegas since June 2019, covering the East Coast sportsbook scene with emphasis on NJ and PA. He also currently is a part-time writer for the high school sports department for NJ Advanced Media (NJ.com) in Iselin, NJ. Lou has over 30 years sports experience with previous stints at ESPN SportsTicker, Daily Racing Form and Oddschecker.
... Read More
Lou Monaco had been East Coast Scene columnist for Gaming Today in Las Vegas since June 2019, covering the East Coast sportsbook scene with emphasis on NJ and PA. He also currently is a part-time writer for the high school sports department for NJ Advanced Media (NJ.com) in Iselin, NJ. Lou has over 30 years sports experience with previous stints at ESPN SportsTicker, Daily Racing Form and Oddschecker.
... Read More