Pennsylvania Sees Nice Jump in Sports Betting Handle in March

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The Pennsylvania Gaming Control Board has released the March sports betting numbers, and it was a positive month for the state. The 2021 NCAA Men’s Basketball Tournament was expected to provide a lift throughout the United States, and that was the case in Pennsylvania.

The March total sports betting handle was $560.3 million, which still wasn’t close to the state record that was set in January of $615.3 million. March sports betting handle did increase by nearly 10 percent from the $509.5 million that was reported in February.

Mobile sports betting handle also saw a jump of almost 10 percent in March, as the most popular form of sports betting accounted for $514.3 million of the total handle. Pennsylvania is one of a handful of states that has almost 90 percent of all bets placed via mobile or online device.

The gross sports betting revenue for March was $29.4 million, an increase of 79.3 percent after a very disappointing February. This increase in revenue also led to the state an increase of 10 percent in terms of tax revenue generated for Pennsylvania.

FanDuel, DraftKings Continue to Lead

FanDuel and DraftKings have been the two biggest and most popular sportsbooks in Pennsylvania for months, and that trend continued in March as well. FanDuel is partnered with the Valley Forge Casino, and DraftKings has a partnership with The Meadows Casino, which is close to Pittsburgh.

The total sports betting handle for FanDuel Sportsbook was $205.9 million in March, which was an increase of more than 14% from February. DraftKings saw $118.4 million in bets placed at the sportsbook, and that total was actually similar to what was wagered in February.

iGaming Industry Also Shows Growth

Sports betting wasn’t the only industry that posted impressive numbers in March, as online casino gaming also had an impressive month. Total revenue from all forms of gambling in Pennsylvania went over the $400 million mark for the first time since these forms of betting were launched.

Interactive slots and interactive table games both had total handle numbers of more than $1.5 billion, and these two forms of gambling combined for almost $80 million in revenue.

Pennsylvania is expected to set new state records for all gambling industries at some point in 2021, and these numbers are on the right track to do so.

Looking to Take Third Spot Back

It wasn’t until just last week that the state of Pennsylvania officially found out that it had fallen to the fourth-largest sports betting market in the US for February. The Illinois Gaming Board is one of the last to release monthly totals, but the Land of Lincoln just narrowly jumped Pennsylvania for that month.

It will likely be at some time in May that Illinois’ March numbers are revealed, and it should be another tight battle between Pennsylvania and Illinois. Both states are still well behind New Jersey and Nevada for the top-two spots in the United States.

Michigan, Indiana, and Colorado are all competing for the final spot in the top five.