November saw Pennsylvania break records in sports betting and online gambling revenues
The recorded revenue for sports betting and online gambling were still overshadowed by the decline of land-based revenue which resulted in a year-on-year drop in the monthly total for November.
The total recorded revenue for the month reached the total of $283.3m, which is down by nearly 3% (2.7%) when compared to 2019 of the same month. For the year of 2019, revenue amounted to the sum of $292.1 million.
Despite this decline, sports betting performed well with a recorded revenue of $37.4million, eclipsing the previous record of October ($36.8m). Out of the record breaking $37.4million recorded, $31.2million was in relation to online sports betting with retail betting making up the rest of the amount.
However, during the month of November, players spent $491.9m on sports betting which is a decline when compared to the month of October of the same year ($525.8m).
Top sports betting performers:
1. Valley Forge Casino Resort and FanDuel – $15.4million
2. Meadows Casino – $7.2million
3. Hollywood Casino and Penn National – $3.8 million
Top Fantasy sports performer:
1. DraftKings $1.9million
2. FanDuel $1.1million
Top iGaming performers:
1. River Casino Philadelphia – $16.6million
2. Hollywood Casino – $15.7million
3. Valley Forge Casino – $10.4million
The land-based casinos were not as fortunate as the sports betting and iGaming sectors, and it looks like they will continue to suffer as Governor Tom Wolf has ordered all casinos to close till 4th January due to the spread of COVID-19.
The year 2020 has seen Pennsylvania consistently break records after legalising online gambling and sports betting with huge numbers recorded in the month of July, August, September and most recently November.
These records have seen Pennsylvania join elite company in New Jersey and Nevada, surpassing $450m in wagers for a single month in September.
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