The Pennsylvania sportsbook industry does it again. The state’s sportsbooks are setting a new monthly sports betting record for the month of January. From the previous record of $776.3 million back in October 2021, the new record is this January is $793.7 million. This is 5.7% higher than December 2021’s $750.4 million.
And just like the pay per head sportsbook industry, the year-on-year data in Pennsylvania is quite good as well. We see a 29% growth from January 2021’s $615.3 million to this January’s $793.7 million. Local sportsbooks also set a new mobile betting record this January, at $737.4 million. This break the previous record, also back in October 2021, which is $714.1 million. Monthly growth is at 6.4%, with December’s handle at $693.3 million. And looking at the year-on-year numbers, we are seeing a 29.2% growth from January 2021’s $579 million mobile handle.
Pennsylvania Sportsbook Industry and Market
The software sportsbook market is large enough in the state that online sportsbooks take in 92.9% of the state’s wagers. But the market demand for online gambling is not just limited to sports betting. While the iGaming numbers are lower than the previous month, the gross gaming revenue for table games are $78.2 million for the month, while the gross revenue for interactive slots games are at $71.8 million.
And Pennsylvania is still growing, both for operators and bettors. Just this February, another sportsbook launched in the state. The market will always be easy to tap, considering the state’s teams. You have the 76ers, the Flyers, and the Phillies. These teams can generate millions in wagers from local fans. And since you have a lot of sports fans in the state, sports betting is expected to continue to grow in the near future.