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Pennsylvania Sportsbooks Take In Just $46 Million In Bets While Online Casinos Surge

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April’s handle $300 million short of what would have been expected, according to PlayPennsylvania

LAS VEGAS — Pennsylvania’s sportsbooks generated just a fraction of the bets that they would have expected during a normal April, while online casinos and poker rooms smashed their revenue record with $43.1 million. That divergent path—which includes an estimated loss of more than $300 million in sports bets, according to PlayPennsylvania estimates—will continue as long as most major sports and the state’s land-based casinos remain closed.

“The growth in online gambling as well as betting on non-traditional sports are industry bright spots,” said Dustin Gouker, lead analyst for PlayPennsylvania.com. “But there just isn’t any way for Pennsylvania operators to compensate for such a dramatic loss of revenue, including at retail sportsbooks and land-based casinos, which can’t generate a single dollar right now.”

During a month in which PlayPennsylvania.com would have estimated a handle of nearly $350 million, Pennsylvania sportsbooks generated just $46 million in wagers, according to official data released Monday. That is down from $131.3 million in March, though up slightly from $36.8 million in April 2019, before online sports betting launched.

Sportsbooks yielded $3.2 million in gross revenue, up from $8.6 million in March. The win resulted in $988,255 in state taxes.

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Before the COVID-19 shutdowns, Pennsylvania’s sportsbooks had grown from a 2019 low handle of $31.5 million to a record of $348.4 million in January 2020.

“The momentum that brought records month after month for Pennsylvania’s sportsbooks has been reversed almost instantly,” said Valerie Cross, an analyst for PlayPennsylvania.com. “Until sports leagues figure out a way to reopen, these dreary results will continue.”

With retail sportsbooks shuttered in April—potentially losing out on some $35 million of in-person bets—online sportsbooks generated Pennsylvania’s entire handle. FanDuel Sportsbook at Valley Forge Casino led the market in April with $19 million in April wagers, down from $53.7 million in March. That yielded $1.3 million in taxable revenue, down from $2.8 million in March. FanDuel was followed by:

  • DraftKings at The Meadows ($12.6 million handle, down from $28.6 million; $706,589 taxable revenue, down from $1.5 million)
  • Rivers-Philadelphia ($5.9 million handle, down from $12 million; $309,551 revenue, down from $601,984)
  • Fox Bet at Mount Airy ($3.7 million handle, down from $6.1 million; $229,469 revenue, up from $159,013)
  • Rivers-Pittsburgh ($2.4 million handle, down from $8.2 million; $190,013 revenue, down from $535,860)
  • Parx Casino ($2.2 million handle, down from $7.9 million; $193,662 revenue, down from $618,159)
  • Unibet at Mohegan Sun Pocono ($92,521 handle, down from $1.2 million; $14,362 revenue, down from $19,750)
  • Presque Isle Downs ($97,107 handle, down from $483,429; -$4,066 revenue, down from $23,905)
  • Harrah’s ($28,155 handle, down from $139,790; -$557 revenue, up from -$18,075)

Limited to futures betting and action on nontraditional sports, Pennsylvania’s online sportsbooks are arguably faring better than might have been predicted. And sportsbooks could be getting some help from more mainstream sports soon, with auto racing restarting, golf planning on teeing off in the coming weeks, and Major League Baseball inching closer.

“A $46 million handle with such limited options in terms of sports is a surprise,” Gouker said. “April could potentially be the statistical low point, but there is so much that can happen that the immediate future is impossible to predict. That is a bit disconcerting for operators.”

Online casinos and poker boom

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Online casinos and poker rooms brought good news for the industry, combining to generate a whopping $43.1 million in April revenue. That was up 77.4% from the record $24.3 million in March and 121% over February’s $19.5 million. As many of Pennsylvania’s gamblers stayed home and land-based casinos remained closed, casinos and poker revenue hit $1.4 million per day in the 30 days of April, up from $782,768 per day in March.

Online table games and slots generated $1.4 billion in wagers, up from $871.6 million, producing $37.8 million in revenue. Mount Airy/PokerStars—the Keystone State’s only online poker room—generated a record $5.3 million in revenue, beating March’s $3.1 million and edging New Jersey for the online poker revenue record for any state.

As welcome as the rise in online gambling revenue has been, it can’t nearly make up for the lost revenue from land-based casinos. The $23.6 million revenue difference between April and February, represents just 8.5% of the $277.8 million on slot machines and table games revenue generated by land-based casinos in April 2019.

“There will likely be long-term implications from this surge in online gambling interest. A behavioral shift that makes online gambling permanently more popular is likely to continue even after casinos reopen,” Cross said. “But the reality is that despite the gains made at online casinos, the closing of land-based casinos left a revenue hole that can’t be made up.”

Rivers-Philadelphia led the online casino market with $13.7 million in revenue on $477 million in wagers, up from $6.8 million in revenue on $293.2 million in wagers in March. FanDuel/Valley Forge Casino was second with $7.9 million in online revenue on $320.8 million in wagers, up from $5 million in revenue on $250.6 million in wagers in March.

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In addition, the number of online casinos in Pennsylvania grew to 10 with the launch of Caesars in April and DraftKings in early May, expanding the FanDuel-DraftKings rivalry beyond sports betting.

“The competition between FanDuel and DraftKings has been a force for innovation in sports betting markets across the country, and we expect that will transfer well to their online gambling products,” Gouker said.

For more information on the revenue generated by Pennsylvania, visit www.playpennsylvania.com/revenue.

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Delasport Expands in Ontario with a new deal with Green Brick Labs

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Leading iGaming supplier Delasport expands further in Ontario through a sportsbook deal with Canadian operator Green Brick Labs (GBL).

The global software company will provide its award-winning Plug & Play Sportsbook iFrame solution, so that their new partner can add it to their growing platform.

The deal is expected to come into fruition by the end of this quarter and is yet another strategic move by Delasport, who successfully obtained an Ontario license earlier this year.

‘We are happy to extend our foothold in Ontario and make it happen with a great partner like Green Brick Labs, adding to our confidence as a leading software supplier’, says Delasport’s VP of Business Development Rosaire Galea Cavallaro. ‘Our Plug & Play sportsbook iFrame solution will skyrocket GBL’s operations due to the high quality of service they will be able to provide to their customers and we couldn’t be prouder.’

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The Canada-based operator shares a similar opinion and as much excitement for the new partnership:

‘This is exactly the type of product we needed and is yet another proof that we provide the best solutions on the market for our customers’, GBL’s CEO Matt Rathbun comments. ‘At GBL, we prioritize great user experience, so this deal fits our vision perfectly.’

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The Mill Adventure Partners with GeoLocs to Offer Advanced GeoLocation Services to Operators

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GeoLocs, a leading provider of advanced geolocation compliance technology dedicated to the iGaming industry, is thrilled to announce its partnership with The Mill Adventure, a pioneering platform provider.

The partnership will see The Mill Adventure seamlessly integrate GeoLocs, a comprehensive geolocation service, into their platform, offering robust, precise, and secure geolocation verification for their operator partners. This integration ensures guaranteed compliance, enhances security, and prioritises player privacy (as seen by the recent ISO certification awarded to GeoLocs and mkodo), all while delivering a superior experience to users when verifying their location on iOS, Android, and desktop with no need for additional downloads or companion apps.

“We are very excited about our partnership with The Mill Adventure,” said Stuart Godfree, Managing Director of GeoLocs. “Our advanced geolocation technology perfectly complements The Mill Adventure’s cutting-edge platform, enabling operators to offer a more secure, compliant, and user-friendly gaming experience.”

The Mill Adventure is renowned for its innovative solutions that empower operators to create unique and engaging gaming experiences. By leveraging GeoLocs’ geolocation technology, The Mill Adventure will provide operators with the tools they need to ensure precise geolocation verification, fraud prevention, and adherence to local gaming regulations, as well as a unique player experience that will set their clients apart from competitors, in markets such as Ontario, Canada. This partnership emphasises both companies’ commitment to innovation, security, and regulatory compliance.

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“Integrating GeoLocs’ geolocation services into our platform offering not only enhances our compliance capabilities but also allows us to offer secure and enhanced gaming experiences to operators and their users,” said Robert Bowell, Chief Operations Officer of The Mill Adventure. “This collaboration reinforces our mission to deliver top-tier solutions to the iGaming industry.”

As the iGaming industry continues to evolve, the importance of accurate geolocation services cannot be overstated. The partnership between GeoLocs and The Mill Adventure is a significant step forward in addressing these needs, providing operators with the tools necessary to thrive in a competitive market.

For more information about GeoLocs and The Mill Adventure, please visit geolocs.io and themill.io

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BetConstruct to Participate at Canadian Gaming Summit 2024

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BetConstruct is set to present its latest advancements in Sportsbook and Social Gaming at the Canadian Gaming Summit, taking place June 18-20 in the Metro Toronto Convention Centre, Toronto, Canada.

The Canadian Gaming Summit is a pivotal event for the gaming industry, offering a premier platform for industry leaders to network, explore innovative products, and gather essential insights. During the summit, BetConstruct will demonstrate a variety of its products and services, with a focus on its Social Gaming platforms and its comprehensive Sportsbook solution.

The Sportsbook, renowned for its flexibility and state-of-the-art technology, is designed to meet the dynamic needs of operators and players alike. It covers millions of monthly matches across over 3000 leagues in 21 sports tournaments, providing accurate sports statistics and a suite of management tools tailored for operators. Key enhancements include personalised CRM features, AI-driven push notifications, and customisable sports trees, along with innovative tools like Bet-Insights and a new Telegram Bot for seamless iGaming integration and enhanced user engagement.

Building on this foundation, the FTN 2024 Offer introduces a Multi-Wallet website and Branded Exchange, which further streamline transactions and elevate user convenience during the European Football Championship. These features are designed to integrate seamlessly with the Sportsbook’s robust infrastructure, providing a cohesive and enhanced experience for all users during this high-profile sports event.

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Additionally, BetConstruct will showcase its Social Gaming platform, designed to enhance player engagement and encourage community interaction through innovative gaming experiences. The Social Casino Games Development at BetConstruct creates custom social games that attract more players by delivering an exceptional social casino experience. This initiative ensures player flexibility and incorporates a variety of features to increase the games’ appeal.

Visitors are invited to join BetConstruct at Stand A210 to discover how their leading-edge technologies can transform gaming operations and elevate the user experience, setting new standards in the industry.

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