Record monthly revenue from sports betting and igaming in Pennsylvania helped to push overall revenue in the state’s gambling market to an all-time high of $562.4 million (£447.4 million/€543.4 million) in November.
November’s revenue total beat last year by 26.5% and is 13.3% above $496.6 million in Pennsylvania in October of this year. It surpasses the existing record of $554.6 million, set in March, by 1.4%, Pennsylvania Gaming Control Board (PGCB) data shows.
Aside from total market revenue, the stand-out figures from the PGCB data are in reference to sports betting.
Gross revenue reached a record $77.1 million, up 498.4% on last year – in November 2023, operators had a record-low 1.38% hold. The all-time revenue high was $72.5 million, set last December, with the November 2024 total beating this by 6.3%. Of this sum, $71.7 million came from online betting and $5.4 million from retail sportsbooks.
Betting handle in Pennsylvania also hit an all-time high of $935.5 million. Coinc..