Pennsylvania Racks up $50.4M in February Total Sports Betting Revenue

On Wednesday, the Pennsylvania Gaming Control Board disclosed that the state’s gross sports betting revenue for February amounted to $50.4 million. This was a 48.1% decrease from Jan. 2024 but represented a 19% year-over-year increase.

Sportsbooks experienced a downturn in activity, primarily due to the limited NFL games last month, with only the Super Bowl being on the schedule.

The state’s online gambling revenue reached $184.9 million, which was a major accomplishment for the state’s gaming sector. Nevertheless, despite this, gambling operations saw year-over-year revenue reductions in almost every other area.

Revenue from retail slots continues to stand as the primary income source, amounting to $202.7 million, with only a slight decrease compared to the previous year. This revenue consistency persisted even as the total count of slot machines decreased from 25,708 to 24,962.

Meanwhile, online slots surged by 35.6% to reach $125.9 million, and internet table games revenue saw a significant increase of 56.7% to hit $56.6 million. However, there was a slight dip in online poker revenue, which decreased by 8.3% to $2.4 million.

Total handle in the Keystone State witnessed a 10.4% year-on-year increase from $599.5 million to $661.7 million, however, it noted a 22.9% decrease from the preceding month (Jan. 2024).

More: Pennsylvania Sports Betting | Sports Betting Apps | Sportsbook Promos

FanDuel Retains Seat as Top Sportsbook in Pennsylvania

FanDuel continues to dominate the market, maintaining its position as the leading force in sports betting. In February, the sports betting operator generated $24 million in revenue, resulting in $274.6 million in handle and remitted tax of $6 million.

In addition, FanDuel outstripped its competitors by offering the largest complimentary perks to bettors, totaling an impressive $7 million in credits and bonuses.

Following closely behind, DraftKings secured the second spot once again, accumulating $13 million in revenue and $177 million in handles, with taxes of $2.7 million. Meanwhile, Barstool secured the third position with $3.3 million in revenue for February, carting on with $52.2 million in handle and $420,083 remitted to the state as tax.

BetMGM, which followed in partnership with Hollywood Morgantown, racked up $2.4 million in revenue and $36.7 million in total bets placed.

Shifting the focus to other forms of gambling in Pennsylvania, the revenue from video lottery terminals experienced a slight decline of 2.4%, amounting to $3.2 million. Additionally, fantasy sports revenue dipped by 5.2%, totaling $1.3 million for the month.


About the Author
Tebearau Egbe

Tebearau Egbe

Tebearau Egbe is a seasoned gambling writer with more than four years of experience. Armed with a Masters degree in philosophy, Egbe possesses a unique ability to dissect complex industry developments, distilling them into insightful narratives that captivate readers.

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