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Sports betting handle drops in Pennsylvania for May while revenues increase February 10, 2024 As major sports leagues’ seasons start to taper off, a drop in sports betting totals is expected. In Pennsylvania, we are starting to see the slump. For May, the state Gaming Control Board is reporting a 6% decrease in handle for the month, with only $447.5 million wagered. Sportsbooks generated just over $37 million in revenues though, which was an increase of $1.4 million from April. The majority of the wagers were placed online, at 91%. Sportsbook win percentage came in at 8.4%. This was an increase from April’s 7.5%. Back in April, sportsbooks hit more than $5 billion total wagers for the fiscal year, and there was still one month remaining. This is a major accomplishment for the industry. Operator Breakdown In the Keystone State, FanDuel r… Read More > Read More
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