Pennsylvania Sports Betting Hits $1 Billion

One year ago, Pennsylvania sports betting consisted only of the Hollywood Casino, located in the quaint little city of Grantville. Just one year removed, sports betting has bloomed to over $1 billion in wagers! And by November the activity was at $1.1 billion and rising.

The first billion is a landmark for the growing PA sports betting market, but a glance at these numbers show us that the second billion will hit in no time. Online betting accounts for more than 80% of the wagering in Pennsylvania. As more apps unfold and the state’s population learns more about legal and regulated sports betting, that number will grow, as will the overall handle.

The billion dollars in bets is the focus after a year into wagering in Pennsylvania; however, the revenue sports books are bringing in is nothing to scoff at either. The sports books have netted $75 million in profit from betting.

You can read more on Pennsylvania sports betting at Play Pennsylvania.