The Pennsylvania Gaming Control Board reported $43 million in gross sports betting revenue for June on Thursday as operators largely maintained their status quo this year with a 9.3% hold.
Revenue was up 27% from June 2023, slightly outpacing the 24.5% rise in handle to $464.5 million. Keystone State bettors have wagered more than $4 billion in the first half of 2024, up 13.8% compared to the first six months of 2023. Handle slacked 21.5% from the $591.9 million reported in May, while revenue was down 30.3% as the reported hold for June was nearly 1.2 percentage points lower.
The state was eligible to levy its 34% tax on $29.9 million in adjusted gross revenue, sending $10.2 million towards its coffers. Year-to-date AGR is up 11.9% from last year to $262.3 million, and the $89.2 million in state taxes collected is $9.5 million more than in the same span in 2023. The $375.6 million in gross revenue is up 13.9% from last year.
FanDuel Continues to Spend Big, Win Big
Running June Top 10 #SportsBetting handle by state: