The Pennsylvania Gaming Control Board reported $50.4 million in gross sports betting revenue for February on Wednesday as sportsbooks could not play off Eagles fans in the Super Bowl this year.
Operator winnings were down 18.9% compared to February 2023 when the Philadelphia Eagles lost 38-35 to the Kansas City Chiefs in Super Bowl LVII. Sportsbooks in the Keystone State routed the betting public last February in large part because of the outcome, claiming $29.7 million in winnings as the total monthly haul of $62.2 million ranks 10th all time in 64 months of wagering.
The house performed well for Super Bowl LVIII, winning $11.1 million and posting a 15.5% hold as the Chiefs rallied for a 25-22 overtime win over the San Francisco 49ers. But bettors raised their game elsewhere in February, holding operators to a 6.7% hold that was nearly one full percentage point below the statewide 7.6% win rate on $661.7 million handle.
Overall handle was up 10.4% compared to February 2023 and is up 10.8% compared to the first two months of last year at $1.52 billion. Despite the middling February, the strong January helped gross revenue surge 23.2% compared to the first two months of 2023.