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
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.
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.