{"id":51408,"date":"2021-10-20T09:28:51","date_gmt":"2021-10-20T12:28:51","guid":{"rendered":"https:\/\/igamingbrazil.com\/uncategorized\/2021\/10\/20\/sports-betting-revenue-reaches-578-8-million-in-pennsylvania\/"},"modified":"2021-10-20T09:29:56","modified_gmt":"2021-10-20T12:29:56","slug":"sports-betting-revenue-reaches-578-8-million-in-pennsylvania","status":"publish","type":"post","link":"https:\/\/igamingbrazil.com\/en\/sports-betting-en\/2021\/10\/20\/sports-betting-revenue-reaches-578-8-million-in-pennsylvania\/","title":{"rendered":"Sports Betting Revenue Reaches $578.8 Million in Pennsylvania"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Pennsylvania online and retail bookmakers in September posted the second-highest number ever for the state, reaching $578.8 million and producing more than $110 million in revenue.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to PlayPennsylvania, the state&#8217;s regulated online gambling and betting tracker, this proves that the local industry continues to grow and mature.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Katie Kohler, an analyst at PlayPennsylvania, explained how football was the reason behind this spike in betting interest: &#8220;Nothing stirs up <a href=\"https:\/\/igamingbrazil.com\/en\/sports-betting-en\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"Sports Betting\">sports betting<\/a> like football, even when the Steelers and Eagles are a little slow.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cPenn State has made a difference in raising interest, which certainly helps. The end result is that all bookmakers want a strong start to the football season, and that&#8217;s exactly what the industry in Pennsylvania has achieved in September. &#8220;, stated Kohler.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The numbers in Pennsylvania sports betting<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Online and retail <a href=\"https:\/\/igamingbrazil.com\/en\/sports-betting-en\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"Sports Betting\">sports betting<\/a> generated $578.8 million in September; 25% above the US$462.8 million for September 2020 and 66% above the US$348.5 million for August.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since Pennsylvania legalized <a href=\"https:\/\/igamingbrazil.com\/en\/sports-betting-en\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"Sports Betting\">sports betting<\/a> in 2018, the market has grown steadily, but 2021 has been a very productive year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During the first nine months of this year, bettors have posted $4.3 billion in bets, which represents nearly 46% of the $9.4 billion wagered in the state since sports betting was released in November 2018.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Operators have generated $340.4 million in gross betting revenue this year, or 47% of the $724.5 million in revenue produced since <a href=\"https:\/\/igamingbrazil.com\/en\/event-coverage-en\/2021\/10\/15\/exclusive-joanna-merchie-reveals-that-sportel-rendez-vous-will-make-room-for-the-sports-betting-market\/\" target=\"_blank\" rel=\"noreferrer noopener\">sports betting<\/a> began in the state.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The online bookmakers<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Online bookmakers accepted $527.4 million worth of bets for September, representing 91% of the state&#8217;s total revenue. FanDuel led the online market with $183.7 million in bets, DraftKings followed with $164.7 million in bets and Barstool was third with $52.8 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Online casinos and poker rooms recorded $111.8 million in gross gaming revenue. September revenue increased 61% from $69.4 million for the same month in 2020 and 8% from $103.2 million for August.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kohler added: &#8220;Online casinos have a symbiotic relationship with online bookmakers. When sports bookmakers do well, they tend to lift online casinos and vice versa. We saw that in action in September.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pennsylvania online and retail bookmakers in September posted the second-highest number ever for the state, reaching $578.8 million and producing more than $110 million in revenue. According to PlayPennsylvania, the [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":51378,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2831],"tags":[7585,4331,3114],"class_list":["post-51408","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sports-betting-en","tag-online-sports-betting","tag-pennsylvania","tag-sports-betting-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sports Betting Revenue Reaches $578.8 Million in Pennsylvania - iGaming Brazil<\/title>\n<meta name=\"description\" content=\"Pennsylvania bookmakers posted $578.8 million and produced more than $110 million in revenue in September.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/igamingbrazil.com\/en\/sports-betting-en\/2021\/10\/20\/sports-betting-revenue-reaches-578-8-million-in-pennsylvania\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sports Betting Revenue Reaches $578.8 Million in Pennsylvania - 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