As known from:
The SunFootball365Sportskeeda
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Contains commercial content
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Betting.net / PA Sports Betting Enjoys Boosted Revenues In May 2023

PA Sports Betting Enjoys Boosted Revenues In May 2023

Publish Date: June 30, 2023
Fact checked by: David Genge

Pennsylvania has enjoyed yet another great month of sports betting. Recently published figures from the Pennsylvania Gaming Control Board showed that in May 2023, the state’s overall sports betting handle was $495.5 million which is $2.2 million higher than it was in the same month last year.

PA Sports Betting

Not only has there been an increase in the amount spent on sports betting, but there was also an impressive 20% increase in monthly revenues compared to May 2022. This meant that once the winning bets had been paid out, Pennsylvania’s sportsbooks managed to keep revenues of $57.5 million – a clear improvement on May last year’s revenues of $47.7 million.

Who is winning the battle for sports betting in PA?

FanDuel once again proved to be the most popular sportsbook in the Keystone State. The platform took in $192.4 million in sports bets and claimed a 42% share of the total sports betting market. Close behind was FanDuel’s rival brand, DraftKings, who enjoyed a sports betting handle of $132 million while taking hold of 29% of the market.

However, it is Caesars Sportsbook who seems to be enjoying the greatest upward mobility in Pennsylvania. In May 2023, Caesars managed to take in $25.2 million in sports bets which gave it a respectable 5.5% share of the sports betting market in the Keystone State.

When compared to the 1% that Caesars had of the state’s sports betting handle in January 2022, it’s clear that things are looking up for the brand.

For every winner, there has to be a loser, and it looks like Barstool Sportsbook could be feeling the effects of Caesar’s success. This is because Barstool only took in $20.2 million in sports bets in May which means that it now holds just a 4.4% share of the sports betting market in Pennsylvania.

Barstool used to have a 10% market share in Pennsylvania’s sports betting scene in January 2022, but has been leaking customers over the past year and a half. With a market share below 5% in the last two months, it’s clear that the brand cannot afford to let this trend continue.

What next for PointsBet?

In the increasingly competitive space, all eyes will be on what happens next to PointsBet in Pennsylvania. The Australian sports betting brand was one of the first to set up in the Keystone State, but it has struggled to beat its high watermark of 2.6% market share that was recorded in April 2022.

This has made PointsBet the subject of a bidding war between DraftKings and Fanatics, and it looks like Fanatics latest bid of $225 million could see a brand new operator moving into Pennsylvania.

If Fanatics does succeed with its offer, it will need to work hard to improve on PointsBet’s average market share of 1.85% of the total PA sports betting market. This increased competition can only mean good news for sports betting fans in the Keystone State.

Top 3 Online Sports Betting

DraftKings
4.6/5
DraftKings Review
No Sweat First Bet up to $1,000
T&Cs apply, 21+
Visit Site
FanDuel
4.6/5
FanDuel Review
Bet $5 Get $150 in Bonus Bets
T&Cs apply, 21+
Visit Site
BetMGM
4.5/5
BetMGM Review
Bet $5 Get $150 Instantly in Bonus Bets
T&Cs apply, 21+
Visit Site

Read Also
New Jersey Breaks Its Own Betting Handle Record
New Jersey’s online sportsbooks have managed to break their own record for ...
Arizona Enjoys 11.3% Year on Year Sports Betting Boost
Sports betting in Arizona is more popular than ever before. Online sportsbooks ...
BetMGM Promo
New Jersey Enjoys 47% Year On Year Betting Revenue Boost
It’s been yet another massive month for sports betting in New Jersey. ...
Nevada Enjoys Bounce In Sports Betting Revenues
Nevada posted a year-on-year increase of 36% in sports betting revenues during ...
Positive Trends For Sports Betting In Pennsylvania
It’s been yet another great month for sports betting in Pennsylvania. Recently ...
Sportsbook of the month
DraftKings - Get your Bonus Bet now! Get your Bonus Bet now!
Latest News
North Carolina Gubernatorial Candidates: their stances on casinos
As the North Carolina gubernatorial race heats up, ...
Gates of Bitcasino grants a max win, worth $2.5 million
A lucky player won $2.5 million on Gates ...
Thunderkick partners with Betway, strengthening foothold in UK
Independent slot developer Thunderkick signed a partnership deal ...
Delaware Park re-opens with new Vegas glamor after $10M upgrade
The Delaware Park Casino recently unveiled its upgraded ...
Petersburg awaits casino vote, Richmond faces setback
Petersburg, Virginia, seeks to host a commercial casino ...
Top Betting Sites
Top Betting Bonuses
DraftKings
DraftKings
DraftKings Review
4.6/5
FanDuel
FanDuel
FanDuel Review
4.6/5
BetMGM
BetMGM
BetMGM Review
4.5/5
Bet365
Bet365
Bet365 Review
4.5/5
BetRivers.com
BetRivers.com
BetRivers.com Review
4.5/5
DraftKings
DraftKings Bonus
No Sweat First Bet up to $1,000
T&Cs apply
4.6/5
FanDuel
FanDuel Bonus
Bet $5 Get $150 in Bonus Bets
T&Cs apply
4.6/5
BetMGM
BetMGM Bonus
Bet $5 Get $150 Instantly in Bonus Bets
T&Cs apply
4.5/5
Bet365
Bet365 Bonus
First Bet Safety Net up to $2000 OR Bet $5 and Get $150
T&Cs apply
4.5/5
At bet365 we don't do ordinary, that's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $2000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetRivers.com
BetRivers.com Bonus
100% up to $500
T&Cs apply
4.5/5
Get the latest updates in Sports and Casino via our Newsletter
Poker & Bingo

Full coverage of poker and bingo, from reviews of providers to guides and much more besides!

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

21+NCPG
Close
Players accepted in the US US Flag
Stake.us Exclusive Bonus
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
Promo Code
Copy
Visit Site
T&Cs apply, 18+
Payment Methods
Bitcoin
Litecoin
Ethereum
Dogecoin
Highlights
  • Exclusive promo code: BETCRYPTO
  • Drake loves this social casino!
  • Play for free with Gold Coins!
Stake Originals
Dice
Crash
Plinko
Mines
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site