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Pennsylvania’s sports betting market saw a notable decline in February, with the Pennsylvania Gaming Control Board reporting a total handle of $756.9 million. This figure marked a drop from January’s $873.1 million. Similarly, revenue took a hit, falling from $84.3 million to $33.9 million.
The decrease extended to online sportsbooks, which generated $726.7 million in wagers compared to $830.4 million the previous month. Total online sports betting revenue also dipped by 55%, with earnings dropping from $81.9 million in January to $36.8 million in February.
FanDuel led the market with a $282.8 million handle, contributing over 59% of Pennsylvania’s total mobile betting revenue. However, the operator’s revenue fell sharply from $28.7 million in January to $21.8 million in February.
DraftKings followed closely with a handle of $178.8 million, though its revenue also experienced a drop. The company reported $8.6 million in revenue, down from $14.9 million the previous month.
Fanatics Sportsbook secured the third spot with a $95.1 million handle and $3.9 million in revenue. Meanwhile, BetFred Sports reported the lowest handle at $283,924, over $6.7 million less than the next lowest operator.
February’s revenue dip can be attributed to the Super Bowl LIX results. Pennsylvania sportsbooks reported a record $101.5 million in wagers during the event. However, the Philadelphia Eagles’ decisive 40–22 victory caused significant losses for operators.
For the first time since 2020, Pennsylvania sportsbooks faced negative Super Bowl revenue. Books paid $6.5 million more than they received from wagers. This starkly contrasted with previous years when operators profited $11.1 million in 2024 and $29.7 million in 2023.
Despite the losses, the state’s sportsbooks remain key players in the growing U.S. betting market. With major events like March Madness approaching, operators will likely aim for a stronger performance in the coming months.