Pennsylvania is continuing to break its own records as Pennsylvania’s betting handle for October is at $525.8 million, the highest numbers the state has ever seen. Its previous record is $462.8 million. If you combine the betting handle of Pennsylvania and New Jersey’s October handle of $803 million, these two states alone got over a billion in sports betting handle. Many who want to open a sportsbook should consider these numbers as a sign that the industry is doing so well, even in the midst of a pandemic.
Many pay per head reviews talk about various elements that make up good sportsbooks. In the case of states like New Jersey and Pennsylvania, it could be easily said that their local markets are functioning well. Credit should be given to their states’ legislature for coming up with sports betting law that is open to online sports betting, among other things.
Pennsylvania’s Betting Handle
Pennsylvania has 12 casinos that has sportsbooks, along with their respective online sportsbook partners. Online sports betting in the state takes up 89.8% of the total handle. Its mobile handle is $472.3 million, 14% higher than September’s $414.1 million. Again, it’s a good sign for bookie pay per head sportsbooks who are looking at getting their sportsbooks online before the year ends.
If we look at the year-on-year numbers of sports betting in Pennsylvania, we can see a large expansion in the state. October 2020 has a $525,802,524 handle. This is 118% higher than October 2019’s $241.2 million. Even more so, the taxable gross sports betting revenue of the Keystone state is even higher. October’s revenue is $36,776,926, while September’s was only $6,269,883. The state was able to collect $12.5 million this October from revenue taxes. Local government units also collected $736,000 for October.