Pennsylvania sportsbooks experienced a mixed month in February, with some operators seeing strong growth while others struggled to maintain momentum. According to a report by Legal Sports Report, total sports betting handle in the state reached $509.5 million for the month, a slight drop from January’s record-breaking $615.3 million.
Online sports betting continued to dominate the market, accounting for over 90% of total handle in February. FanDuel remained the leading operator, followed closely by DraftKings and BetMGM. Despite a decrease in overall handle, revenue increased to $33.9 million, up from $29.4 million in January.
The retail sports betting sector faced challenges, with handle dropping to $49.5 million in February. Despite this, revenue increased to $3.7 million. The report noted that retail sportsbooks are struggling to compete with their online counterparts, as more bettors prefer the convenience and ease of mobile betting.
Basketball was the most popular sport for bettors in February, accounting for over $240 million in total handle. The NBA and NCAA tournaments attracted significant betting action, with many sportsbooks offering special promotions and bonuses to attract bettors.
Overall, February was a mixed bag for Pennsylvania sportsbooks, with some operators continuing to thrive in the online market while others struggled with retail betting. With the popularity of sports betting on the rise in the state, operators will need to stay competitive and innovative to attract and retain customers.
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