The Pennsylvania sports betting handle drops by 6.7% in May. Despite being one of the largest betting markets in the country, Pennsylvania sports betting seems to be dropping, while online gambling is rising. If you want to push your bookie software advantage, you should be using a bookie software that offers both sports betting and casino gaming.
According to the latest data released by the Pennsylvania Gaming Control Board, the total sports betting handle of the state is $447.4 million in the month of May. This is 6.7% lower than the betting handle in April of $479.4 million. The highest betting handle the state has ever seen was January of this year at $615.3 million.
Pennsylvania Sports Betting
Meanwhile, sportsbook software wagers, which are logged in as mobile wagers, are also lower this month at $407.4 million. This is 7.2% lower than April’s $439 million. But still, online sportsbooks took in 91% of all of the wagers for the month. Despite the dip in handle, however, the gross sports wagering revenue for the state is $27.7 million in May. This is 5.5 higher than April’s $26.3 million.
The drop in handle is quite puzzling, especially since neighboring New Jersey has a 9% in betting handle increase for May. A possible scenario would be less betting opportunities that residents and players wanted to bet on. But even then, having a handle north of $400 million is still a big deal, and the state already logged in more than a billion in handle early on in the year. If you are looking at having your own sports betting business, make sure that you get the pay per head provider with the best sports betting platform features. That way, it will be easier for you to earn more in your sportsbook.