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Pennsylvania sportsbooks surge in September as FanDuel dominates

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Pennsylvania’s online and retail sportsbooks nearly doubled the state’s previous record handle in September, as bettors jumped at their first-ever opportunity to legally bet on the NFL, according to analysts for PlayPennsylvania.com.

“A significant jump was expected with the NFL season kicking off in September, and the data did not disappoint,” said Jessica Welman, sports betting analyst for PlayPennsylvania.com. “Because of the sport’s popularity with bettors, the football season is the most effective time to gauge the health of a market. After a summer of growing pains and one month of football, it is safe to say that Pennsylvania is indeed healthy.”

Pennsylvania’s sportsbooks generated $194.5 million in handle in September, according to official data released Thursday. That is up from 78% from the record $109 million in August. September’s handle yielded $19.3 million in revenue, up from August’s $9.9 million win, generating $5.1 million in state taxes.

By comparison, New Jersey generated a handle of $184 million in September 2018, the first full month Garden State bettors were able to legally wager on NFL games. New Jersey’s handle in September 2019 has grown to $445.6 million, hinting at just how much growth is possible in Pennsylvania.

“After a somewhat slow start, Pennsylvania is beginning to display similar growth patterns as New Jersey,” said Dustin Gouker, lead analyst for PlayPennsylvania.com. “New Jersey had the advantage of a more established gaming infrastructure when it launched sports betting. But now that the online sports betting infrastructure is in place, Pennsylvania is beginning to show its potential.”

Pennsylvania’s five online sportsbooks — including Fox Bet at Mount Airy Casino, which launched on Sept. 4 — generated $158.2 million in September, up from $83.2 million in August. Online betting represented 81% of the state’s total handle, up from 76% in August, and nearer to the 85% rate that online sports betting commands in New Jersey.

FanDuel Sportsbook at Valley Forge Casino dominated the online market, accepting a whopping $85.1 million in September bets, up from $35.3 million in August. FanDuel generated $7.1 million in revenue, up from $2.9 million in August.

FanDuel was followed in the online market by:

  • SugarHouse Casino ($31.2 million in online handle, up from $25 million in August; $2.6 million in revenue, up from $1.7 million in August)
  • Fox Bet at Mount Airy ($4.5 million handle; $268,844 in revenue)
  • Rivers Casino ($23.5 million handle, up from $16.9 million; $1.9 million revenue, up from $1 million)
  • Parx Casino ($13.8 million handle, up from $6 million; $1.8 million revenue, up from $620,573)

Pennsylvania’s online market continues to evolve. More online sportsbooks, including DraftKings, are expected to launch during the football season. And the parent companies that own FanDuel and Fox Bet are planning to merge, creating a potential Goliath in online sports betting.

“The merger of FanDuel and Fox Bet, two very recognizable brands, could be a game-changing development,” Gouker said. “Regardless, the competition in the online vertical will remain fierce as sportsbooks vie for a greater share of a rapidly growing market.”

Mount Airy also quietly launched a retail sportsbook just days after Fox Bet was unveiled. Still, Rivers edged Parx to lead the retail market, accepting $7.3 million in bets in September, up from $4.9 million in August. That yielded $957,791 in revenue, up from $631,012 in August. Rivers was followed by:

  • Parx ($7.3 million handle, up from $5 million; $1.1 million revenue, up from $722,945)
  • SugarHouse ($6.5 million handle, up from $5.4 million in August; $1.1 million revenue, up from $816,768)
  • Valley Forge Casino ($3.4 million handle, up from $2.5 million; $376,243 revenue, up from $175,330)
  • Hollywood Casino at Penn National Race Course ($3.3 million handle, up from $2.1 million; $590,006 revenue, up from $309,171)
  • South Philadelphia Race and Sportsbook ($2.3 million handle, up from $2 million; $490,153 revenue, up from $337,680)
  • Harrah’s Philadelphia ($2.2 million handle, up from $1.9 million; $347,873 revenue, up/down from $251,296)
  • Presque Isle ($2.2 million handle, up from $1.2 million; $495,548 revenue, up from $282,384)
  • Oaks Race and Sportsbook ($1.2 million handle, up from $942,856; $146,041 revenue, up from $48,230)
  • Mount Airy  ($372,418 handle; $45,568 in revenue)

Online casino revenue grows in September

SugarHouse, Parx and Penn National casinos generated $5.3 million in gross revenue in September, up 56% from $3.4 million in August, on $140.8 million in wagers. Betting was up 21% from $111.8 million in August. September’s action produced $1.6 million in state taxes.

Penn National led the way with $3 million in revenue, up from $684,452 in September, on $41.1 million in bets, up from $17.8 million. Penn National was followed by:

  • Sugarhouse ($1.1 million revenue, down from $1.6 million; $57.2 million in wagers, up from $40.9 million).
  • Parx ($1.3 million in revenue, up from $1.1 million; $42.4 million in wagers, down from $53.1 million)

“Pennsylvania’s three pioneering online casinos are all off to strong starts and should initially have an advantage over any newcomers,” Welman said. “But at least five online casinos are planning to launch before the end of the year, so the market should morph dramatically over the next few months.”

For more information on the revenue generated by Pennsylvania sports betting, visit www.playpennsylvania.com/sports-betting/revenue/.

 

About the PlayUSA.com Network:

The PlayUSA.com Network is a leading source for news, analysis, and research related to the market for regulated online gaming in the United States. With a presence in over a dozen states, PlayUSA.com and its state-focused branches (including PlayNJ.com and PlayPennsylvania.com) produce daily original reporting, publish in-depth research, and offer player advocacy tools related to the advancement of safe, licensed, and legal online gaming options for consumers. Based in Las Vegas, the PlayUSA Network is independently owned and operated, with no affiliations to any casino — commercial, tribal, online, or otherwise.

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Gambling in the USA

Games Global Launches Custom Slot Game Caesars Palace Frenzy with Caesars Digital

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Launch marks the first bespoke game launch in the partnership between gaming operator and premier gaming provider

Games Global today announced the exclusive launch of Caesars Palace Frenzy, a Caesars-branded slot title that marks the first bespoke game launch on behalf of Games Global’s partnership with premier gaming operator Caesars Digital. Caesars Palace Frenzy is now exclusively live on Caesars Palace Online Casino in New Jersey with plans to expand to Michigan and Pennsylvania, offering players another highly engaging, operator-specific gaming experience with iconic Caesars Palace branding.

Caesars Palace Frenzy combines the excitement of the Las Vegas Strip’s iconic casino with innovative gaming dynamics crafted by Games Global. Designed exclusively for Caesars Digital online casino players, this game delivers an online slot experience with engaging gameplay, sophisticated graphics and dynamic features like scatter pays, multiplied free spins selected by a concentric wheel and a seven-tier jackpot line-up.

This launch demonstrates Games Global’s continued emphasis on partnering with top iGaming operators to deliver exclusive and custom gaming products to players.

“Working closely with Caesars Digital to create Caesars Palace Frenzy has been an exciting journey,” the Chief Executive Officer for Games Global, Walter Bugno, said. “This game is more than just an online slot experience, it is an adventure that mirrors the thrill and grandeur of one of the world’s most iconic destinations. We’re thrilled to see it come to life and deliver a unique blend of entertainment and gaming.”

“We’re committed to collaborating with top gaming providers to launch custom online casino experiences for our players that can’t be found anywhere else,” the Senior Vice-President and Chief iGaming Officer for Caesars Digital, Matt Sunderland, said. “Caesars Palace Frenzy delivers on that commitment by providing an elevated gaming experience that we’re certain our players will enjoy.”

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Gambling in the USA

Alabama-Coushatta Tribe of Texas Announces Plans to Build New Casino Resort

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The Alabama-Coushatta Tribe of Texas has announced the plans to build a brand-new casino resort on its Tribal lands in Polk County.

“We are incredibly excited to embark on this new chapter. This new casino resort will not only provide significant economic benefits for those living and working in the region, but it will also become a vibrant destination for visitors,” Ricky Sylestine, Chairman of the Tribal Council, said.

While specific details are still being finalized, the new resort may offer a variety of amenities including a state-of-the-art casino floor, hotel accommodations, and diverse dining and entertainment options.

The Tribe has engaged the architectural firm FFKR to design the new resort. FFKR is known for its innovative and creative designs. The Tribe is confident the firm will create a truly exceptional destination.

In addition to the new casino resort, the Tribe is planning an extensive remodel to its existing Ischoopa/One Stop Convenience Store and Truck Stop. The remodel will include adding electronic bingo machines.

The Alabama-Coushatta Tribe of Texas will be releasing news related to the new resort and any additional developments in the coming months.

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Gambling in the USA

BetConstruct to Display Its Products and Services at Sigma Americas

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BetConstruct, a leading company in iGaming technology and services, is heading to Sigma Americas in Sao Paulo, Brazil from April 23-25, 2024.

Sigma Americas is a major event focusing on iGaming with 10,000 delegations and more than 200 professional speakers. This event serves as an exceptional platform for participants to present their innovative offerings, engage with fellow industry leaders, and establish new business relationships.

BetConstruct is poised to introduce its cutting-edge products and solutions to the growing Brazilian market at the upcoming event. As a premier provider of online iGaming solutions, the company will showcase its comprehensive range of services to all attendees, offering diverse solutions tailored to meet their specific needs and preferences.

Moreover, BetConstruct will demonstrate its newest Spettacolare offer by Mr. First, which is a fleeting opportunity to maximise user profits and explore the potential of FTN.

Attendees of the event can find BetConstruct in the Transamerica Expo Center at Stand O60, where they will have the opportunity to gain a comprehensive understanding of BetConstruct’s products and solutions.

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