Pennsylvania’s online and retail sportsbooks generated more than US$200m in bets in a single month for the first time, with online betting proving increasingly popular in October.
With DraftKings joining the online market this month and with hockey, basketball, and US football all in season, much bigger months lie ahead, according to analysts for PlayPennsylvania.com.
Jessica Welman, sports betting analyst, said: “Pennsylvania’s online market is finally maturing, and that is certainly the most important reason for the growth in the state’s handle.
“The path for more growth is clearer now. A major brand like DraftKings coming online, coupled with intense interest in the Sixers, Flyers, and Penguins, will almost certainly give a boost to the already steady growth we’ve been seeing.”
Pennsylvania’s sportsbooks accepted $241.2m in bets in October, up 24 per cent from September’s $194.5m handle, according to official data. Those bets generated $19.1m in revenue, down slightly from September’s $19.3m, leading to an injection of $5.1 million into state coffers.
