Last month reportedly saw the six fledgling sportsbooks in Pennsylvania contribute some $938,597 in tax after their aggregated revenues hit $2.6 million off of a combined handle that reached slightly in excess of $32 million.
According to official Friday figures from the Pennsylvania Gaming Control Board, the pooled revenue tally for January represented a month-on-month swell of almost 30% while its handle was over 97% better off.
New trio impresses:
The sanctioned data denoted an aggregated hold of 8.1% and comes after January saw the eastern state welcome new sportsbooks to Parx Casino, Harrah’s Philadelphia and Parx South Philadelphia Turf Club. The figures from the Pennsylvania Gaming Control Board also showed that these three facilities produced collective monthly sportsbetting revenues of over $1.3 million while their handle came in at slightly in excess of $6.8 million.
Established players slow:
For the longer-established sportsbooks at SugarHouse Casino, Hollywood Casino at Penn National Race Course and Rivers Casino Pittsburgh, the January figures showed that their combined revenues from sports wagering had dropped by 38% month-on-month to $1.2 million although their aggregated handle had improved by some 55.5% to hit $25.1 million.
The data from the PA Gaming Control Board indicated that Rivers Casino Pittsburgh had experienced an almost 20% month-on-month diminution in monthly sportsbetting revenues to $853,316 while its January handle had skyrocketed by almost 71% to over $9.5 million.
Similarly, SugarHouse Casino near Philadelphia saw its January sportsbetting revenues decline by 84% month-on-month to $103,523 despite an over 94% rise in associated monthly handle to $10.8 million.
However, it would seem that Hollywood Casino at Penn National Race Course was the eastern state’s biggest January loser after the Dauphin County facility saw its sportsbook revenues plummet by 4.8% month-on-month to $284,624 in partnership with a 4.6% decline in handle to $4.8 million.