Pennsylvania Sports Betting Handle Reaches Record High in August

Pennsylvania Sports Betting Handle Reaches Record High in August

There are many reasons why the state got a record handle in the month. After several months of no sports events in the US, the MLB resumed its regular season. Also, the NHL and NBA playoffs started. Thus, players had many betting options during the period.

In July, players in Pennsylvania wagered $164.5 million. However, the number increased to $365 million in August. It was 4.8 percent higher than the previous record set in January. According to sports betting solution reports, it was a challenging year for sportsbooks. However, the August handle made up some of their losses due to the shutdowns.

Pennsylvania Sports Betting Handle

Pennsylvania Sports Betting Handle Reaches Record High in AugustMobile sports betting played a crucial role in the booming industry. According to sportsbook pay per head sources, online betting accounted for 88 percent of all wagers in the state.

The US legal sports betting market experienced growth in August. Players in New Jersey wagered $668 million in August. It was the record for the US sports betting market. Also, it broke the record set by Nevada in November 2019.

Thus, it is the best time to be an online bookie in the United States. In New Jersey alone, online betting brought in $87.7 million in September. It was twice what sportsbooks generated in the state last August.

Mobile and online gambling is helping the industry grow. Some players are still reluctant to visit casinos during the pandemic. Thus, technology is bridging the gap.

Last week, Penn National Gaming announced that it received approval from the Pennsylvania Gaming Control Board. It led to the launch of the Barstool Sportsbook app last September 18.