Pennsylvania recently set a new sports betting handle record, with bettors wagering over $560 million in August. The state surpassed its previous record, set in March, by over $10 million. This increase can be attributed to the return of major sporting events after being disrupted by the pandemic.
The surge in sports betting activity is a positive sign for the industry, as Pennsylvania continues to establish itself as a key player in the growing US sports betting market. The state has seen a steady increase in betting handle, with August marking the third consecutive month of record-breaking numbers.
According to data from the Pennsylvania Gaming Control Board, online sports betting accounted for the majority of wagers, comprising over 90% of the total handle. This highlights the increasing popularity of online sports betting platforms, which offer convenience and accessibility to bettors.
The success of Pennsylvania’s sports betting market can also be attributed to the state’s diverse sports betting options and competitive odds. With a wide range of sports available for betting, including popular leagues like the NFL and NBA, bettors have plenty of opportunities to wager on their favorite teams and events.
As the sports betting industry in Pennsylvania continues to grow, experts predict that the state could become a major player in the national market. The record-breaking handle in August is a clear indication of the potential for further growth and success in the coming months.
Overall, Pennsylvania’s new sports betting handle record is a positive development for the state’s gambling industry and highlights the continued interest and participation of bettors in the market. With online betting leading the way, Pennsylvania looks set to remain a key player in the US sports betting landscape.
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