Pennsylvania sportsbooks produce revenue of 85m for November

Pennsylvania online and retail sportsbooks reached a new revenue record with nearly $85m, from over $760m in handle (total wagers) for November

Pennsylvania online and retail sportsbooks reached a new revenue book with nearly $85m, from over $760m inward handle (total wagers) for November.

The state’s sportsbooks recognised $761.6m inward wagers for November, the state's second-highest tally. The month’s wagers showed a 59% step-up year-on-year.

Although November didn’t outgo October’s register of $776.3m, day-after-day betting intensity was $25.4m per day, compared to $25m daily for October.

November produced $84.9m in receipts revenue, easy licking January’s tot of $49.3m.

Year-on-year, revenue was upwards 75%; the month generated $63.7m inwards nonexempt revenue after $21.3m inward promotional spending, which yielded $23m inwards province taxes.

Online sportsbooks accounted for 92% of Pennsylvania’s number handle. FanDuel led the online market place with $238.6m inward bets. DraftKings followed with $215m inward wagers and Penn National’s Barstool-branded app came inwards thirdly with $74.3m inward bets.

Retailers produced $57.5m in wagers for November, upwardly 7% from $53.5m for October.

Online casinos and salamander rooms produced $114.5m inwards receipts gaming revenue but fell shortsighted of October's $117m record. November’s revenue was upward 58%.

Online casinos won $3.8m inwards day-by-day revenue gaming revenue over the 30 days of November, similar to the tread of the previous month. However, wagering at online casinos strike down to $3.8bn for Nov from $4.1bn for October.

Poker alone generated $2.8m inwards revenue and PokerStars led the securities industry with $1.8m here.

In total, online casino and poker produced $93.9m inwards nonexempt revenue, which generated $39.1m inwards country taxes.