The Pennsylvania bookie revenue for the month of November is the highest monthly revenue that the state has recorded. Just after a month of the state setting its highest monthly betting handle, Pennsylvania’s sportsbooks report a new record of $63.7 million. This is 170.6% higher than October’s $23.5 million. In addition, it is 70.5% higher than November 2020’s $37.4 million. Incidentally, November 2020’s revenue was the state’s previous record in the category.
Many of those who are becoming a bookie will be encouraged to start their own sportsbooks, especially during the winter season, where the best professional and collegiate sports leagues are running. To give our readers an idea, Pennsylvania sportsbooks took in $761.6 million in sports bets for the month of November alone.
Pennsylvania Bookie Revenue and Handle
While Pennsylvania’s monthly handle went down in November (by a measly 1.9% from October’s $776.3 million), the numbers are still very healthy in terms of market growth. The November 2021 handle of $761.6 million is still 54.8% higher than that of November 2020’s $491.9 million. And, even better for the pay per head bookie market, online betting took the lion’s share of the handle. 92.4% of all wagers, or $704.075 million came from online sportsbooks.
Much of the credit for the high sports betting numbers goes to the available events that people can bet on. College football season is in full swing in November- and very popular with sports bettors. The season and conference championship ended soon after, but not before giving a big boost to the betting handle. We also have the NFL of course, and the NBA, as well as the NHL. Bettors also took in some action in college basketball, which started in November. Given the sheer number of betting options available, we would not be surprised if the coming months will bring us record-breaking numbers as well.