The latest monthly revenue report from the Pennsylvania Gaming Control Board has revealed that operators posted a sports betting handle of $420,193,377 for the month of June. The latest handle marks a 6% drop on May’s handle of $447,465,027 and the fifth month in a row that local sportsbooks have seen a decline in wagering handle.
Although June represents the lowest handle of 2021, revenue increased to $42,495,332, a 13.5% increase on May’s revenue figure of $37,419,313. After handing out promotional credits totaling $8,269,812, operators posted combined taxable revenue of $34,225,520. This yielded the state $11,636,677 in taxes, $2.2M more than the previous month.
Mobile sports bets made up 90.2% of the overall handle as online sportsbook operators accepted $379,267,760 in wagers. Online operators generated $37,558,522 in revenue with $8,269,812 paid out in promotional credits. This resulted in taxable revenue of $29,288,710 yielding the state $9,958,161 in taxes.
Meanwhile, retail sportsbooks reported a handle of $40,925,617 up slightly from May’s retail handle of $40,066,274. This generated revenue of $4,936,810 which resulted in state taxes of $1,678,515.
Valley Forge Casino was once again the market leader posting an overall handle of $164,832,204, an increase of $1.5M on the previous month. Online wagers at the casino’s sportsbook amounted to $162,520,699 while the retail handle totaled $2,311,506. Valley Forge Casino’s closest in-state rival was the Meadows with a handle of $87,456,003.
Image credit: Baishampayan Ghose / CC BY-SA 2.0