177% up to 5BTC + 77 Free Spins!
New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins
The Pennsylvania Gaming Control Board revealed the numbers for April’s sports betting handle and revenue in its most recent report, noting that the state had taken in a total of $572,152,802.80 in wagers. Pennsylvania has officially reached $21.5 billion in lifetime handle, maintaining its place as the fifth state to reach this milestone, despite a considerable fall from March’s handling of $723,545,806.25.
In addition to New Jersey, Nevada, New York, and Illinois, Pennsylvania’s burgeoning sports betting industry has now exceeded the $21 billion milestone in total wagers. The largest of these is New Jersey, with $37.5 billion, followed by Nevada, $31.9 billion, New York, $22 billion, and Illinois, $21.6 billion. With a staggering career handle of $21.5 billion, Pennsylvania ranks in the top five.
The control board’s report shows that Pennsylvania’s gross gaming revenue (GGR) for April was $37,036,123.21. This represents a reduction from the GGR of $50,645,259.24 from the prior month, which can be ascribed to the increase in activity and income from March Madness betting.
Sports betting taxes brought in $12,592,281.93 in tax income for Pennsylvania in April, raising the total amount of taxes collected by the state throughout its entire history to an amazing $427.6 million. This income is derived from a $1.72 billion lifetime GGR. Pennsylvania’s sports betting market has continued to dominate the sector since it first opened.
Mobile betting sites account for a sizeable amount of the overall business as online sports betting continues to gain popularity in Pennsylvania. Mobile betting applications accounted for a stunning $536,265,702.33 in wagers in April alone, accounting for 93.72% of the total betting market in that month. With $214.5 million in wagers, FanDuel Sportsbook had the highest market share of the top operators at 40%. With $157.7 million in wagers, DraftKings dominated 27% of the market, while BetMGM took 7.5% with $44 million.
Beyond Pennsylvania, other major sports betting states are also observing a similar trend, demonstrating the supremacy of mobile betting. Mobile apps account for more than 90% of the market share in the majority of these states. Only Nevada is an exception, where mobile apps account for little more than 83% of the market. Even more recently legalized states for sports betting, such Maryland, Ohio, and Massachusetts, have seen a rise in mobile betting activity. It is anticipated that this trend would persist as additional markets adopt mobile sports betting.