Pennsylvanians wagered less money on sports in July than the month before, but they lost more to the sportsbooks than they did in June.
The Pennsylvania Gaming Control Board posted its monthly report Thursday showing the unfortunate news for the sports betting public that operators retained 11.6% of what was wagered in July, compared to 9.1% the month before.
The sportsbooks' gross revenue for the month amounted to $39.4 million, and after deductions for $7.3 million in promotional credits, their taxable revenue added up to $32.1 million. At the state's 36% tax rate, governments would have received $11.2 million of that.
The total betting volume, or handle, spread among 13 online and 19 retail sportsbooks was $338.5 million, which was 9.3% less than in June. Coming in the middle of summer after winter sports have crowned their champions and before football season has begun, July is commonly the lightest month for sports betting.