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Online and retail sportsbooks in the eastern American state of Pennsylvania reportedly recorded a boost of over 19% year-on-year in aggregated handle for April to slightly beyond $572.1 million despite a reduction in major sporting tournament action.
According to a Tuesday report from the online news domain at PlayPennsylvania.com citing official information from the Pennsylvania Gaming Control Board, such operations also booked a rise of 36% year-on-year in aggregated gross revenues to $49.1 million and paid a combined $12.1 million in state and local taxes.
Holistic harbinger:
However, the source detailed that the April sportsbetting handle figure for Pennsylvania represented a decline of about 20% from the $715 million the state chalked up for March and equated to the lowest volume since online and retail sportsbooks in ‘The Keystone State’ recorded just $348.5 million in August of 2021. Katie Kohler from PlayPennsylvania.com reportedly explained that this performance came as only the National Basketball Association (NBA) and National Hockey League (NHL) are involved in post-season action.
Reportedly read a statement from Kohler…
“Without football or a major sportsbetting holiday like the opening rounds of the NCAA tournament, sportsbooks inevitably lose steam through the summer. If there is a concern for the industry, though, it’s that troubles in the greater economy will push customers to slow their spending. It’s something every business has to watch closely over the next few months especially for online casinos and sportsbooks that have known nothing but growth.”
Distinct dominance:
For his part and Dustin Gouker from PlayPennsylvania.com reportedly disclosed that online sportsbooks in Pennsylvania attracted $536.1 million in April wagers, which represented 93.6% of the state’s monthly total. The expert purportedly furthermore noted that the mobile-friendly service from FanDuel Group topped this market with handle of $226.6 million and $28.4 million in gross revenues while DraftKings Incorporated took down second spot with figures of $119.1 million and $5.3 million respectively.
PlayPennsylvania.com reported that the BetMGM online sportsbook attracted $65.9 million in Pennsylvania handle last month for $4.7 million in associated gross revenues while the Barstool Sports-branded advance from Penn National Gaming Incorporated occupied fourth place with receipts of $38.2 million and $3.6 million in revenues.
Philly preeminence:
Regarding land-based sportsbetting and PlayPennsylvania.com reported that the statewide handle total hit $36.7 million in April to produce $3 million in gross revenues. Suburban Philadelphia’s giant Parx Casino facility from operator Greenwood Gaming and Entertainment Incorporated purportedly finished top of this sector with $5.7 million in wagers.
Gouker reportedly stated…
“The NBA Playoffs, the ‘Final Four’ and the first month of baseball gave just enough inventory with general interest to keep bettors engaged in April but sportsbooks won’t be so lucky going forward with the Penguins and Sixers eliminated and the Pirates and Phillies off to slow starts.”
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