The Keystone State saw an 8.3% drop in month-over-month action, but revenue rose 4.4% in May thanks to a 10.5% hold by operators.
The Keystone State saw an 8.3% drop in month-over-month action, but revenue rose 4.4% thanks to a 10.5% hold by operators.Action in the Keystone State continues to slow down in 2024 but compared to 2023, sports betting is surging. followed a similar trend, as the amount wagered dropped 19% compared to March’s handle but surged 13% year-over-year.
The NBA and NHL playoffs and MLB might not have produced enough action to compete with a busier April, but the 10.4% hold rose nearly a point month-over-month. surpassed $30 billion all-time in handle, joining New York, New Jersey, Nevada, and Illinois to reach that milestone. Wagers also eclipsed the $3 billion mark year-to-date.
DraftKings finished second with a $163.3 million handle while producing half of FanDuel’s $31.2 million revenue. Caesars came close in handle, while a 3.8% hold kept the mobile operator from reaching $1 million in revenue. Retail’s sports betting handle slipped 7.7% month-over-month to $34.9 million in May, but a solid 7.4% hold led to revenue of $2.6 million, up 85% from April.
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