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Pennsylvania records US$540m in online sports betting wagers for September
Neil is a gambling industry veteran with over 15 years experience as a content writer, editor and speaker at events. He has a Masters degree in English Literature and Philosophy and has combined this analytical inquisitiveness with a passion for sports betting and casino gaming. Neil started his career with Bettingpro.com and helped build not only that site but various others such as LiveTennis.com, LiveDarts.com and numerous other sports informational sites, including GG.co.uk and RacingTips.com He then made the transition to the North American market, working both in the UK and in New Jersey to launch various sports betting and casino sites, including AmericanBettingExperts and NewAmericanCasinos. Working with regulators, Neil has helped to review sports betting sites and also test the regulated betting apps in a professional capacity. He now works almost exclusively in the US market and is one of the main reviewers and fact checkers on SportsLens gambling content. He also speaks at various gambling conferences including ICE, iGB Live and SBC Americas and has contributed to GamblingInsider, EGR Magazine and a number of others in a consulting capacity.
All posts by Neil RoartyUpdated10 hours ago on April 23, 2024
Pennsylvania online sports betting reached US$540m in player wagers for September, recording its highest number since March. August saw just US$294.6m of wagers, resulting in September showing a staggering 83.1% month-on-month increase. It is also a 11.1% year-on-year increase from US$486.5m wagered in September 2021.
Online sports betting is taken by a total of 13 sportsbooks across the State, each of which is partnered with a retail venue in the State. There are a total of 18 operational retail sites in PA, showing just five without an online sportsbook skin attached.
Retail sports betting wagering also rebounded, increasing 62.8% month-on-month to climb from US$29.9m in August to US$48.5m in September. Retail handle, however, did fall 5.5% from September 2021 which hit US$51.3m.
Promotional activity for online sports betting was the highest on record, reaching US$25m for the month, owing largely to the resumption of the NFL and the restart of NBA later in the month, too. Bonuses were up 206.1% from August to September, and up 28.1% year-on-year from $19.7m in September 2021.
What was Pennsylvania’s record wagering?
The two largest months by handle in Pennsylvania’s history came in October 2021 and January 2022, but should the last month’s increase be a trend, analysts believe handle could usurp both in coming months as the US calendar resumes with no Covid-19 led disruption. In addition, the Qatar FIFA World Cup (soccer) will be played in December, which adds another event to an already busy sporting calendar.
Historically, soccer has not had the same traction as NBA, NFL or MLB (or the NCAA equivalents) but major events tend to see a spike in wagering, and with the United States of America Men’s National Team qualified and with a chance of qualifying past the group stages, operators are right to be optimistic about a spike in soccer wagering. Online casino gaming has remained ‘fairly static’ when compared to seasonal fluctuations in online sports betting; there are no evident trends that it peaks when the sporting calendar is particularly quiet.
