PA Sports Betting Handle And Revenue Fall In April

Pennsylvania sportsbooks saw a 14.4% decline in activity in April.
This comes as the college basketball betting season ended.
Sportsbooks are expected to see an increase in May thanks to NBA betting.

HARRISBURG, Pa. – Sports betting fans in Pennsylvania had less to wager on in April and it reflected on the betting handle.

Sportsbooks as a whole saw declines in both activity and sports betting revenue in April after seeing all-time highs in both in March.

The Pennsylvania sports betting market was still strong compared to 2020, seeing a 941.8% increase year over year in betting handle.

Sports Betting Dip In Pennsylvania

According to the report released by the Pennsylvania Gaming Control Board, Pennsylvania saw $479.4 million in betting activity in April which is a 14.4% decline from the $560.2 million wagered in March.

In terms of sports betting revenue, sportsbooks saw $26.2 million down 10.4% from the $29.3 million wagered in March.

Mobile betting still dominated the market, taking more than 91.6% of total wagers with $439 million wagered at mobile sports betting apps.

The market was dominated by FanDuel Sportsbook which saw $169.9 million wagered. DraftKings Sportsbook came in second with $118.4 million and Barstool Sportsbook saw $58.6 million wagered coming in third.

Barstool claiming the third spot is a big deal as the sportsbook has slowly been gaining traction in Pennsylvania in recent months.

FanDuel and DraftKings have had a big head start on the Penn National run sportsbook but somehow Barstool has begun to close the gap. Barstool has already passed BetRivers and is slowly becoming a favorite option in Pennsylvania.

While sports betting declined slightly due to the end of the March Madness Tournament, betting fans should note that NBA betting will surely see an uptick in activity for May.

The start of the NBA Playoffs will have legal sports betting operators seeing an influx in wagers throughout the run.

Pennsylvania is still the third-largest sports betting market in the country, and their decline is in line with markets like New Jersey and Nevada. Sports betting in Pennsylvania is still thriving and this slight decline doesn’t reflect a trend in the market.

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Giovanni Shorter

Coming from a background in narrative-based writing, Giovanni strives to write stories that will keep the reader engaged. Although he does pride himself in being accurate, how the story is told is also very important to him. When he’s not keeping readers up to date on sports betting laws and legislation, you can find him writing and recording music, playing videogames, or engaged in heated sports debates with his friends.