According to PlayPennsylvania, the amount of sports betting in Pennsylvania reaches its lowest level in a year, but it bounces off in football.state

Las Vegas, August 18, 2021 / PRNewswire / – Sports betting volume in Pennsylvania has fallen to its lowest level since July July 2020,fall into $ 304 million According to the report, the slowdown continued into July and affected almost all major US markets. Pennsylvania play ..

“At the NBA Finals and the Olympics, to improve this year’s schedule, the bettors have Pennsylvania And on top of that, I’m not really into sports betting in July. ” Dustin Gouker, Senior Analyst PlayUSA.com Network, including PlayPennsylania.com. “This year people have been busy with family vacations and other summer activities mainly because of the increase in national travel, but sports betting can’t wait for the football season to begin,” he said.

Better was placed $ 304.4 million With a bet Pennsylvania July online and retail sports betting $ 420.2 million In June, according to official figures released on Monday. The handles in July rose 84.7% from $ 164.8 million NS July 2020, The handle was down last month $ 364 million And after a month of hiatus, we unveiled the resumption of baseball and the NBA.

Due to the drop in transaction volume, the game’s total revenue decreased 35.3%. $ 27.5 million the end $ 42.5 million Up 101.3% in June, but from $ 13.7 million NS July 2020..The total income for the month 1990 million US dollars For taxable income, $ 6.8 million With state tax $ 397,124 With local stock valuation.

The share reduction has a historical background. July was the busiest month in the United States in both 2018 and 2019, ahead of the 2020 pandemic sports betting data.

“The difference in time zones weakened interest in the Olympics, but it didn’t move your hands much anyway,” he said. Valerie Cross, Analyst PlayPennsylvania.com .. “The success of Phillies’ game almost certainly helped, but don’t worry about the seasonal downturn during this time.”

Online betting $ 275.4 million In the stakes, it accounts for 90.5% of the state’s total trade in July. FanDuel has once again outperformed the online market $ 106.7 million Online Gambling – Down 34.3% $ 162.5 million In June, FanDuel’s total game revenue from online betting $ 12.3 million, To give up $ 9.5 million With taxable income.

On the other hand, retail sports books $ 29 million With a bet in June $ 40.9 million In June, I got these bets $ 2.7 million With total turnover. River Philadelphia Break through the retail market $ 5.9 million With a bet.

“The pandemic will remain the most important factor for the retail market for the foreseeable future,” said Gouker. “The hope that sports betting in retail will normalize again by the football season, as the recent increase shows, seems overly optimistic.”

Total gaming revenue from online casinos and poker rooms increased 3.6% $ 104.5 million the end $ 108 million In June. Compared to the previous year, iGaming’s total revenue increased by 52.9% $ 68.4 million NS July 2020..

Total income in July $ 88.7 million For taxable income, $ 88.9 million In June. It is still being generated $ 38.2 million With state and local taxes.

Online casino and poker room produced $ 508.1 million With state and local taxes 2 years since its publication July 2019..that’s all New Jersey More tax revenue generated from online casinos and poker $ 662.6 million – But the market is November 2013, Almost 6 years ago Pennsylvania..

“As close as the current chase New JerseyNo other state benefits from online gambling. Pennsylvania“There are many concerns in the industry that regulators initially set tax rates too high, and the slow start of the industry seems to be helping,” Cross said Pennsylvania Aggressive taxation was a clear victory for the state. “

DraftKings, BetMGM, bar stools and Hollywood Casino breaks the market $ 36.9 million With income.

NS PlayUSA.com The network and its state-facing branches are an important source of news, analysis and research relating to the US regulated online gambling market.

Sports betting in Pennsylvania is at its lowest level in a year, but it’s rebounding on football, according to PlayPennsylvania

Source Link According to PlayPennsylvania, the number of sports betting in Pennsylvania is at its lowest level in a year, but it is rebounding in football