Pennsylvania Sports Betting Revenue Increases Slightly in May While Handle is Down

Pennsylvania Sports Betting Revenue Increases Slightly in May While Handle is Down

By Bill Ordine

Fact Checked by Ron Fritz

Operators in the Pennsylvania sports betting market had mixed results in May with handle being down and revenue up compared to April.

Pennsylvania sportsbooks handled a total of $493.4 million in wagers in May, a decrease of 13.9% from April. But in gross sports betting revenue (taxable), the May figure was $35 million, an increase of 4.0% from April (about $33.7 million). 

It’s notable Pennsylvania, like other states, have a much-more limited sports wagering catalog in May.

For handle and gross betting revenue, May 2022 bested May 2021 by double-digit percentage points. May 2022 gross sports betting revenue was a jump of 26.2% from May 2021 ($27.7 million) and the handle was a 10.3% increase from May 2021 ($447.47 million).

Pennsylvania Sports Betting, May vs. April

Total HandleMobile Handle Gross Revenue
May $493.351M $457.948M $35.010M
April $572.818M $536.143M $33.667M
Change Down 13.9% Down 14.6% Up 4.0%


State, Local Taxes Over $12M

In May, sports wagering generated $11.9 million in state taxes (Pennsylvania levies a 34% state tax) and $673,000 in local taxes.

The commonwealth continues to be a strong market for Pennsylvania betting apps. In May, mobile betting was 92.8% of the sports gambling market.

iCasino Popular

Players have also taken to Pennsylvania online casinos. In May, online slots had a handle of $2.179 billion, down 1.5% from April, but a slots gross revenue of $78.2 million, up 2.0% from April.

For May, interactive banking tables handle was $1.935 billion, down 2.0% from April, and gross revenue of $32.3 million, down 3.6% from April.

In-person Slots Rule

While interactive play has proved popular, it was the old reliable money generator of in-person slot play that produced the most revenue of any individual gaming option in Pennsylvania.

For the bricks-and-mortar casinos, slots play had revenue of $205.7 million, down 5.6% from April. 

Retail table games had gross revenue of $88.6 million, down 3.2% from April.

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WRITTEN BY
PennStakes.com
Bill Ordine
Bill Ordine was a reporter and editor in news and sports for the Philadelphia Inquirer and Baltimore Sun for 25 years, and was a lead reporter on a team that was a finalist for the Pulitzer Prize in Breaking News. Bill started reporting on casinos and gaming shortly after Atlantic City’s first gambling halls opened and wrote a syndicated column on travel to casino destinations for 10 years. He covered the World Series of Poker for a decade and his articles on gaming have appeared in many major U.S. newspapers, such as the Los Angeles Times, Chicago Tribune, Miami Herald and others.
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Bill Ordine was a reporter and editor in news and sports for the Philadelphia Inquirer and Baltimore Sun for 25 years, and was a lead reporter on a team that was a finalist for the Pulitzer Prize in Breaking News. Bill started reporting on casinos and gaming shortly after Atlantic City’s first gambling halls opened and wrote a syndicated column on travel to casino destinations for 10 years. He covered the World Series of Poker for a decade and his articles on gaming have appeared in many major U.S. newspapers, such as the Los Angeles Times, Chicago Tribune, Miami Herald and others.
... Read More