Pennsylvania Sports Betting accepted $479.4 million in wagers in April

Pennsylvania’s online and retail sportsbooks accepted $479.4 million in wagers in April, according to official data released Tuesday, snapping a streak of four consecutive months above $500 million in wagers. April’s volume was down 14.4% from $560.3 million in March and the lowest since sportsbooks generated $462.8 million in September. Still, handle was up dramatically over the $46 million in bets taken in April 2020.

Sportsbooks won $36 million in gross gaming revenue of April’s wagering, up 1,025.1% from $3.2 million in April 2020 though down 13.9% from $41 million in March. April’s receipts produced $26.3 million in taxable revenue, yielding $8.9 million in state taxes and $525,930 in local share assessment.

Online sports betting accounted for $439.1 million of April’s handle, or 91.6%. FanDuel/Valley Forge led online operators again with $167.6 million in online wagering.

Retail sportsbooks generated $40.3 million in handle in April. That was down from $45.9 million in March. April’s action produced $4.8 million in gross revenue, while Rivers-Philadelphia topped the retail market with $7.7 million in bets.