The Pennsylvania Gaming Control Board reported $646 million in sports betting handle for April on Friday, up 12.9% compared to last year.
Year-to-date handle moved within $33.4 million of $3 billion, which is 10.8% higher compared to the first four months of 2023. Handle originating via sports betting apps totaled $608.3 million, with digital operators posting a collective hold of 9.5% to reap $57.6 million in gross revenue.
As expected, handle dipped compared to March, down 19.3% from the $800 million wagered. Gross revenue was only 7.3% lower, as April’s hold was 1.2 percentage points higher.
After promotional credits and other deductions were counted, the state was able to levy taxes on $42.4 million in adjusted gross sports betting revenue. That led to an inflow of $14.4 million in tax receipts into state coffers for the month. The $188.2 million in AGR this year is up 10.6% from last year, lagging behind the 13.6% increase in gross revenue, partly because the $82.7 million in promotional spend is 21% higher compared to the same period in 2023.