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Pennsylvania Sports Betting Revenue Dips In February

Even With The Super Bowl, Profits From Sports Betting Dropped More than 20 Percent In February

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The Super Bowl is usually a boon to sportsbooks. It wasn’t that way for Pennsylvania sportsbooks as they watched their revenue drop more than $600,000 in February.

According to the latest revenue reports from the Pennsylvania Gaming Control Board, the state’s sportsbooks went from $2.6 million in revenue during January to $1.95 million in February. Their total handle dropped from $32 million to $31.5 million.

Outside of the dip in sports betting, February was a solid month for Pennsylvania casinos. They won $265.9 million from the state’s gamblers, up from January’s $254.2 million in revenue and 0.44 percent increase from last year’s numbers.

Nearly all of that revenue came from the slot players. Slot machine revenue made up just shy of $190 million of the total revenue. While slot machine revenue was only up 0.49 percent year-over-year, it was the 10th time in the last year in which Pennsylvania casinos posted increases in their slot machine revenue year-over-year.

Revenue from table games brought in $73.999 million in revenue to the state’s 12 casinos.

Parx Casino was the state’s most profitable casino in February, taking in $48.737 million in profits for February. Sands Bethlehem was the only other casino with more than $40 million in revenue, taking in $42.96 million.

Both Parx and Sands were down slightly year-over-year. Parx was down 0.19 percent and Sands was down 0.13 percent. Mount Airy casino had the biggest gain year-over-year, up 11.34 percent with $14.545 million in revenue.

Lady Luck casino saw the biggest dip in the state. It was down 14.18 percent from last February and netted just $2.25 million, giving it less than 1 percent of the total market share for the state.