Pennsylvania has one of the fastest-growing iGaming industries in the US. Despite the coronavirus pandemic, online gambling has been doing well in the state. And with more sports events resuming, the online sportsbook numbers in Pennsylvania improves in May as well. Let’s take a look at the numbers.
Online casino gaming revenues in May is at $55,838,788. This gives us a 30% increase compared to April’s $43,067,881. This revenue includes slot machines, which has a revenue of $38,822,857. The slots revenue is higher than $10,000,000 compared to March’s revenue. In fact, revenue for iGaming in May is more than double of March’s. This is why the best sportsbook pay per head companies offer online casino pay per head services: online casinos are a great source of supplemental income for bookies.
Online Sportsbook Numbers in Pennsylvania
The total handle for sports betting for May is $77,510,033. This is 68.4% higher than April’s $46,015,988. Meanwhile, the sports betting revenue for May is $4,828,989. This is 67.5% higher than April’s $2,883,471. Since casinos and retail sportsbooks were shut down during May, all of the income on sports betting are from online sportsbooks.
But with markets slowly opening up, brick and mortar casinos and sportsbooks will be opening within the Month. This is good timing, as many sports events from the PGA, NASCAR, UFC, and from European soccer leagues are already ongoing. The biggest action on betting in the US, according to sports betting solutions providers, comes from the NFL, NBA, and the MLB. These professional sports leagues will also be resuming their seasons in the next couple of months.
Pennsylvania has good laws on sports betting and gambling. They are one of the few states that embraces technology and allows online gambling and sports betting. Together with states like New Jersey, Delaware, and Nevada, Pennsylvania was able to manage the demand for gambling during the pandemic. And looking at their numbers, Pennsylvania’s online sports betting handle has been steadily increasing from 82.4% of the total sports betting handle in October 2019, to 90.1% during March. Of course, April and May shows us a 100% mobile handle, due to the stay at home policy during the pandemic.