Pennsylvania reported highest sportsbook revenue in January

Pennsylvania’s sportsbook industry continues to grow with January reporting the highest revenue so far.

According to the state Gaming Control Board, bets made online or in casinos produced $31.6 million in gross revenue in January. That was up from $17.5 million in December.

All totaled, Pennsylvania generated $116.4 million in gross revenue from sports betting since the first sportsbooks launched in November 2018.

PlayUSA.com, which tracks legal gambling in the United States, said Pennsylvania is the third highest sportsbook market in the country after Nevada and New Jersey.

“Pennsylvania’s momentum is growing, and January shows that the state’s sportsbooks can sustain it even as the NFL season winds down,” said Dustin Gouker, lead analyst for PlayPennsylvania.com, the Pennsylvania branch of PlayUsa. “Pennsylvania will likely remain the nation’s No. 3 market for the foreseeable future. But it is becoming clearer that it will one day challenge Nevada and New Jersey as the largest legal sports betting market in the U.S.”

As for money wagered, Pennsylvania’s sportsbooks accepted a record $348.4 million in wagers in January, breaking the $342.6 million record set in December up dramatically from $32 million in January of last year.

Once again, online sports betting drew in the most money. $308.6 million, or 88.6%, of the state’s January wagers were made online.