Pennsylvania Sports Betting Handle Tops $420M as Handle Drops for Fifth Month in a Row
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Pennsylvania Sports Betting Handle Tops $420M as Handle Drops for Fifth Month in a Row

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.

Pennsylvania Sports Betting Handle Tops $420M as Handle Drops for Fifth Month in a Row - Tuesday, July 20th, 2021 9:05
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Pennsylvania Sports Betting Handle Tops $420M as Handle Drops for Fifth Month in a Row 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 PA 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.

Pennsylvania Sports Betting Handle Tops $420M as Handle Drops for Fifth Month in a Row

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.

Pennsylvania Sports Betting Handle Tops $420M as Handle Drops for Fifth Month in a Row Pennsylvania Sports Betting Handle Tops $420M as Handle Drops for Fifth Month in a Row

Image credit: Baishampayan Ghose / CC BY-SA 2.0

David Burke

London based reporter covering all aspects of the global regulated and unregulated land-based and online gambling industry - including business news, sports-betting, casinos, poker & regulation