Pennsylvania Sets Brand-new Sports Betting Handle Record In October
Pennsylvania sports betting grew by double digits year-over-year and set a new state handle record in October.
- Pennsylvanians bet over $968 million throughout a heavy volume month.
- Gross earnings considerably enhanced from the previous October, behind a higher win rate.
- iGaming profits likewise reached a state high in October.
The Steelers, Eagles, Phillies, 76ers, and Flyers all completed in Pennsylvania throughout one of the greatest sports months of the year, but this October was particularly high volume.
The Pennsylvania Gaming Control Panel (PGCB) just recently reported that $968.5 million was wagered at online and retail sportsbooks for the month, up from the $858.1 million in October 2024.
The heavy deal with was considerably greater than the previous record of $935.5 million from November 2024.
Improvement for books
A a lot more operator-friendly October caused a 9.5% hold, generating $91.8 million in gross earnings, a 58% year-over-year spike. Last October, sportsbooks struggled nationwide versus bettors. In Pennsylvania, the win rate rose almost three points compared to a year back.
Online sports betting in Pennsylvania generated $926.1 million in wagers and all but $4.5 countless the gross earnings, while retail sportsbooks were responsible for $44.2 million of the record deal with.
Sportsbooks claimed adjusted gross profits of $60.7 million after $31.1 million in promotional credits. The state's 34% tax rate led to an operator payout of $20.6 million, while another $1.2 million from a 2% regional rate pressed the overall tax profits over $21 million for the month and went beyond $60 million for the first four months of the fiscal year.
DraftKings sets brand-new mark
FanDuel led all operators with a $355.1-million handle, and a 9.4% hold produced $33.5 million in gross earnings.
Pennsylvania sports betting grew by double digits year-over-year and set a new state handle record in October.
- Pennsylvanians bet over $968 million throughout a heavy volume month.
- Gross earnings considerably enhanced from the previous October, behind a higher win rate.
- iGaming profits likewise reached a state high in October.
The Steelers, Eagles, Phillies, 76ers, and Flyers all completed in Pennsylvania throughout one of the greatest sports months of the year, but this October was particularly high volume.
The Pennsylvania Gaming Control Panel (PGCB) just recently reported that $968.5 million was wagered at online and retail sportsbooks for the month, up from the $858.1 million in October 2024.
The heavy deal with was considerably greater than the previous record of $935.5 million from November 2024.
Improvement for books
A a lot more operator-friendly October caused a 9.5% hold, generating $91.8 million in gross earnings, a 58% year-over-year spike. Last October, sportsbooks struggled nationwide versus bettors. In Pennsylvania, the win rate rose almost three points compared to a year back.
Online sports betting in Pennsylvania generated $926.1 million in wagers and all but $4.5 countless the gross earnings, while retail sportsbooks were responsible for $44.2 million of the record deal with.
Sportsbooks claimed adjusted gross profits of $60.7 million after $31.1 million in promotional credits. The state's 34% tax rate led to an operator payout of $20.6 million, while another $1.2 million from a 2% regional rate pressed the overall tax profits over $21 million for the month and went beyond $60 million for the first four months of the fiscal year.
DraftKings sets brand-new mark
FanDuel led all operators with a $355.1-million handle, and a 9.4% hold produced $33.5 million in gross earnings.