Pennsylvania Sports Betting Hits $935.5 Million Handle in November 2024
Pennsylvania’s sports betting market achieved a new milestone in November 2024, with a record-breaking $935.5 million in total handle, representing a modest 0.15% increase over the $934.1 million wagered in November 2023.
Steady Handle Growth
While the handle growth was steady, the real standout was taxable revenue, which surged to a record $77.1 million, marking an extraordinary 498% increase compared to November 2023’s $12.9 million.
The state collected $27.8 million in tax revenue from sports betting in November, further cementing its position as a key contributor to Pennsylvania’s economy.
Operator Breakdown
The performance of Pennsylvania’s sportsbooks was led by heavyweights FanDuel and DraftKings, which together accounted for over 67% of the market handle. Here’s a detailed breakdown of operator performance:
FanDuel
- Casino Partners: Valley Forge Casino Resort, Live! Casino Philadelphia
- Total Handle: $380,882,213
- Total Online Revenue: $36,750,519
FanDuel continues to dominate Pennsylvania’s market, with the highest handle and revenue among all operators, driven by its strong NFL offerings and innovative promotions.
DraftKings
- Casino Partner: Hollywood Casino at the Meadows
- Total Handle: $246,173,745
- Total Online Revenue: $20,596,166
DraftKings solidified its second-place position, fueled by its user-friendly platform and extensive market options.
ESPN Bet
- Casino Partners: Hollywood Casino Morgantown, Hollywood Casino at Penn National, Hollywood Casino York
- Total Handle: $152,340,177
- Total Online Revenue: $8,943,726
Previously operating as Barstool Sportsbook, ESPN Bet delivered a strong performance in its first full year under the new branding.
BetRivers
- Casino Partners: Rivers Casino Pittsburgh, Rivers Casino Philadelphia
- Total Handle: $53,333,304
- Total Online Revenue: $2,973,308
Caesars Sportsbook
- Casino Partner: Harrah’s Philadelphia
- Total Handle: $36,284,656
- Total Online Revenue: $1,049,120
TwinSpires
- Casino Partner: Presque Isle Downs and Casino
- Total Handle: $39,047,364
- Total Online Revenue: $254,742
betPARX
- Casino Partner: Parx Casino
- Total Handle: $21,067,168
- Total Online Revenue: $1,097,038
NFL Drives Record Numbers
The November record was bolstered by the strong performance of Pennsylvania’s NFL teams. Both the Philadelphia Eagles and Pittsburgh Steelers are enjoying stellar seasons, leading their respective divisions, which likely contributed to increased betting activity.
The NFL continues to be the biggest driver of wagering activity, with Pennsylvania bettors showing a strong appetite for their local teams.
Recommended