Clicky

FanDuel Boosts Pa. Sports Betting Revenue in August - PennsylvaniaPoker.com News : PennsylvaniaPoker.com News
FanDuel-PA-Sportsbook-online
Published on
Update on
Author

In August 2019, sports bettor in Pennsylvania placed a whopping $109 million in sports bets, an 84 percent increase from the amount that was wagered in July. According to the revenue report that was released by the Pennsylvania Gaming Control Board (PGCB) the online gambling sector was the biggest contributor to the revenue. In total, online and retail bets racked up $9.9 million in revenue.

Out of the total amount that was wagered on sports, $83.2 million was accounted for by online sports betting – this is over 75 percent of the all the sports bets that were placed in August. As it turns out, one online sportsbook operator was the biggest contributor, accounting for over one-third of all the sports bets.

FanDuel Sportsbook at Valley Force Casino, the sportsbook in question, racked up $35.3 million in online bets, a development that saw it yield a total of $2.9 million revenue and propelled it to the top spot in the state’s gaming market, a position that was previously held by SugarHouse Casino.

“Having expanded our leadership position across New Jersey and now Pennsylvania, we will continue to bring our top mobile betting platform to the expanding U.S. market,” reads a statement from FanDuel.

Now, the sports betting operator touts itself as the leading force in the Pennsylvanian sports betting market and this is evidenced by the fact that it handled 42 percent of the total sports bets and captured 46 percent of the state’s online sports betting revenue.

More Growth Expected in The State

Pennsylvania’s recently launched online gambling sector has been growing at a very rapid pace and as a result, there has been rising dominance of online sportsbooks over the retails sports betting facilities. This was not too surprising especially considering the growing demand for online and mobile betting solutions in Pennsylvania which is one of the biggest gambling markets in the United States.

This growth is set to continue thanks to the launch of more online sports betting options like the Fox Bet mobile app that will certainly make the sector even more competitive and appealing to the bettors.

In the meantime, the competition for market dominance in the Keystone State’s online gambling market is set to become even more fierce in the next few months. This is mostly because the sports betting market is set to grow even bigger thanks to interest from industry bigwigs such as The Stars Group and FOX Sports.

Here’s a breakdown of the August sports betting revenue in Pennsylvania:

Casino or Off-Track Betting Facility Total Handle Total Revenue Online Handle Online Revenue Retail Handle Retail Revenue
Valley Forge Casino Resort $37,822,688 $2,217,754 $35,279,681 $2,042,424 $2,543,007 $175,330
SugarHouse Casino $30,390,890 $1,232,058 $25,023,833 $415,290 $5,367,057 $816,768
Parx Casino $10,988,663 $1,223,926 $6,028,173 $500,982 $4,960,490 $722,945
Rivers Casino $21,762,952 $212,515 $16,877,630 ($418,497) $4,885,322 $631,012
Hollywood Casino at Penn National Race Course $2,055,786 $309,171 0 0 $2,055,786 $309,171
South Philadelphia Race and Sportsbook $1,997,420 $337,680 0 0 $1,997,420 $337,680
Harrah’s Philadelphia $1,879,243 $251,296 0 0 $1,879,243 $251,296
Presque Isle Downs $1,197,553 $282,384 0 0 $1,197,553 $282,384
Oaks Race and Sportsbook $942,856 $48,230 0 0 $942,856 $48,230
Statewide Total $109,038,051 $6,115,016 $83,209,317 $2,540,199 $25,828,734 $3,574,817

Latest Headlines

Partypoker Won’t Arrive in Pennsylvania Until September, Regulator Says

The potential launch of partypoker in Pennsylvania has been postponed to September in the very least after the latest meeting of the Pennsylvania Gaming Control Board (PGCB). Partypoker on the Backburner for Pennsylvanian Launch The Pennsylvania Gaming Control Board (PGCB) has put a damper on state poker players’ hopes to see one more card room […]

Pennsylvania’s Gaming Revenue Down in FY 2019/20, Online Helps

Pennsylvania has taken a tumble in terms of gambling results in the 2019/20 fiscal year, buoyed up by online gaming as much as possible. The Fiscal Over Finishes on a Low Point for Pennsylvania Pennsylvania is reaping big benefits from its decision to issue iGaming licenses in 2019, yet adoption hasn’t been quick enough. While […]

Pennsylvania and PokerStars PA Post $3.2M Revenue in June

Despite a back-to-back decline in online poker revenue, June has remained much stronger than the first three months of 2020. Pennsylvania Holds Good Poker Results in April Some have predicted a dip in revenue and results, but online poker in Pennsylvania is still doing very well with June’s revenue reaching $3.2 million. In May, though, […]

Mount Airy Stays Afloat Buoyed up by Poker

Mount Airy Casino Resort registers the smallest revenue decline year-over-year The casino is bolstered by Internet poker and gaming operations Sports betting in Pennsylvania begins to climb up and recover in June Out of all 12 state casinos, Mount Airy has proven the most resilient thanks to its partnership with PokerStars and online poker and […]

Partypoker May Soon Join PokerStars PA in Pennsylvania

Partypoker PA is closer to arriving in Pennsylvania, breaking up PokerStars’ monopoly, and opening an alternative cardroom for players from the Keystone State. As one of the leading platforms in the world, partypoker is well-positioned to make a splash, especially under the leadership of GVC Holdings, one of the largest gambling firms in the industry, […]

Similar PA Casinos Post

Partypoker Won’t Arrive in Pennsylvania Until September, Regulator Says

The potential launch of partypoker in Pennsylvania has been postponed to September in the very least after the latest meeting of the Pennsylvania Gaming Control Board (PGCB). Partypoker on the Backburner for Pennsylvanian Launch The Pennsylvania Gaming Control Board (PGCB) has put a damper on state poker players’ hopes to see one more card room […]

Pennsylvania’s Gaming Revenue Down in FY 2019/20, Online Helps

Pennsylvania has taken a tumble in terms of gambling results in the 2019/20 fiscal year, buoyed up by online gaming as much as possible. The Fiscal Over Finishes on a Low Point for Pennsylvania Pennsylvania is reaping big benefits from its decision to issue iGaming licenses in 2019, yet adoption hasn’t been quick enough. While […]

Pennsylvania and PokerStars PA Post $3.2M Revenue in June

Despite a back-to-back decline in online poker revenue, June has remained much stronger than the first three months of 2020. Pennsylvania Holds Good Poker Results in April Some have predicted a dip in revenue and results, but online poker in Pennsylvania is still doing very well with June’s revenue reaching $3.2 million. In May, though, […]

Mount Airy Stays Afloat Buoyed up by Poker

Mount Airy Casino Resort registers the smallest revenue decline year-over-year The casino is bolstered by Internet poker and gaming operations Sports betting in Pennsylvania begins to climb up and recover in June Out of all 12 state casinos, Mount Airy has proven the most resilient thanks to its partnership with PokerStars and online poker and […]