{"id":173439,"date":"2024-01-05T09:39:52","date_gmt":"2024-01-05T14:39:52","guid":{"rendered":"https:\/\/www.crossingbroad.com\/?p=173439"},"modified":"2024-01-05T09:39:52","modified_gmt":"2024-01-05T14:39:52","slug":"pennsylvania-online-casino-sports-betting-revenue-down-for-november-2023","status":"publish","type":"post","link":"https:\/\/www.crossingbroad.com\/2024\/01\/pennsylvania-online-casino-sports-betting-revenue-down-for-november-2023.html","title":{"rendered":"Pennsylvania Online Casino, Sports Betting Revenue Down for November 2023"},"content":{"rendered":"<p>Despite Pennsylvania sports betting handle breaking a state record, November 2023 sports betting and <strong><a href=\"https:\/\/www.crossingbroad.com\/pa-online-casino\" target=\"_blank\" rel=\"noopener\">PA Online Casino<\/a><\/strong> revenues were down overall when compared to November 2022&#8217;s totals.<\/p>\n<p>The Pennsylvania Gaming Control Board (PGCB) reported that the combined total revenues generated from all forms of gaming, along with fantasy contests, during November 2023 was $444.4 million, a decrease of 1.74% compared to revenues generated in November 2022.<\/p>\n<p>Part of the reason for the increased revenue boils down to some of the best <a href=\"https:\/\/www.crossingbroad.com\/pa-online-casino\/bonus-codes\"><strong>PA Casino Promo Codes<\/strong><\/a> in the industry, as offered by Crossing Broad.<\/p>\n<p>However, the PGCB reported more than $934 million in total sports betting handle, a record for state.<\/p>\n<div id=\"bet-promo-679318d2357ca\" class=\"bet-shortcodes bet-promo\">\n<div class=\"wrapper\">\n<div class=\"promotion-left\">\n<div class=\"promo-logo\">\n<div class=\"logo-container\"><img decoding=\"async\" alt=\"Promo Logo\" src=\"https:\/\/www.crossingbroad.com\/wp-content\/uploads\/2020\/05\/unibet-150x150.png\" \/><\/div>\n<\/div>\n<div class=\"promo-sb-content\"><span class=\"promo-sb-name\">Unibet Online Casino<\/span><\/p>\n<p class=\"content-container\"><b>Pennsylvania<\/b><\/p>\n<p><a class=\"promo-link\" href=\"https:\/\/www.crossingbroad.com\/link\/unibet-online-casino\">GET THE APP<\/a><\/div>\n<\/div>\n<div class=\"promo\">\n<div class=\"promo-content\">\n<div class=\"promo-text\">SIGNUP BONUS<\/div>\n<p><span class=\"promo-value-amount\">UP TO $1,000<\/p>\n<p>100% DEPOSIT MATCH<\/p>\n<p><\/span><a href=\"https:\/\/www.crossingbroad.com\/link\/unibet-online-casino\">PLAY NOW<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<style>@font-face{font-family: \"Lato Regular\";font-style: normal;font-weight: 400;src: url(\"https:\/\/cdn.sportsbettingdime.com\/app\/themes\/SportsBettingDime\/dist\/fonts\/LatoRegular.woff2\") format(\"woff2\"), url(\"https:\/\/cdn.sportsbettingdime.com\/app\/themes\/SportsBettingDime\/dist\/fonts\/LatoRegular.woff\") format(\"woff\");font-display: block;}@font-face{font-family: \"Lato Black\";font-style: normal;font-weight: 900;src: url(\"https:\/\/cdn.sportsbettingdime.com\/app\/themes\/SportsBettingDime\/dist\/fonts\/LatoBlack.woff2\") format(\"woff2\"), url(\"https:\/\/cdn.sportsbettingdime.com\/app\/themes\/SportsBettingDime\/dist\/fonts\/LatoBlack.woff\") format(\"woff\");font-display: block;}#bet-promo-679318d2357ca{font-family: 'Lato Regular';position:relative;height:260px;cursor:default;background:#fff;-webkit-border-radius: 10px;-moz-border-radius: 10px;-ms-border-radius: 10px;-o-border-radius: 10px;border-radius: 10px;-webkit-box-shadow: 0px 4px 4px rgba(0, 0, 0, 0.15);-moz-box-shadow: 0px 4px 4px rgba(0, 0, 0, 0.15);-ms-box-shadow: 0px 4px 4px rgba(0, 0, 0, 0.15);-o-box-shadow: 0px 4px 4px rgba(0, 0, 0, 0.15);box-shadow: 0px 4px 4px rgba(0, 0, 0, 0.15);border:none;margin:0;margin-bottom:25px;}#bet-promo-679318d2357ca .wrapper{position: absolute; 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Despite the record setting handle figure, taxable sports betting revenue was down a whopping 75.64% when compared to the $52.8 million the state took in for November 2022.<\/p>\n<p>The PGCB explained that the steep drop off in revenue was likely due to the recent launch of ESPN BET and its significant offering of promos in the state.<\/p>\n<p>&#8220;The Board explains the steep drop in revenue occurred due to both the offering of a significant amount of non-taxable promotional play by the newly-launched ESPNBet operated by under the Hollywood Casino at Penn National Race Course sports wagering certificate and a low hold percentage that benefited bettors,&#8221; the board explained in a <a href=\"https:\/\/gamingcontrolboard.pa.gov\/?pr=1053\" target=\"_blank\" rel=\"noopener\">press release<\/a>.<\/p>\n<p>ESPN BET reported more than a $7.8 million loss in total revenue in the month.<\/p>\n<p>The following are the handle and revenue totals for each online sports betting operator in the state. FanDuel remained the top online sports betting operator in Pennsylvania, totaling over $384 million in total handle and $8.3 million in online sports betting revenue for Valley Forge Casino in November.<\/p>\n<p>The following are the sports betting operator partner totals for the month:<\/p>\n<ul>\n<li><strong>Hollywood Casino at Penn National (ESPN BET)<\/strong>: $66,826,062 handle, ($7,844,956) total sports betting revenue.<\/li>\n<li><strong>Rivers \u2013 Pittsburgh (BetRivers)<\/strong>: $35,987,333 handle, $581,718 total sports betting revenue.<\/li>\n<li><strong>Rivers \u2013 Philadelphia (BetRivers)<\/strong>: $26,019,491 handle, $376,974 total sports betting revenue.<\/li>\n<li><strong>Parx Casino (betPARX)<\/strong>: $24,474,910 handle, $1,009,329 total sports betting revenue.<\/li>\n<li><strong>Harrah\u2019s (Caesars Sportsbook)<\/strong>: $47,602,201 handle, $998,843 total sports betting revenue.<\/li>\n<li><strong>Valley Forge Casino (FanDuel)<\/strong>: $384,083,610 handle, $8,396,175 total sports betting revenue.<\/li>\n<li><strong>Mount Airy<\/strong>: $834,031 handle, $21,981 total sports betting revenue.<\/li>\n<li><strong>Mohegan (Unibet)<\/strong>: $9,554,327 handle, $84,972 total sports betting revenue.<\/li>\n<li><strong>Hollywood Casino at the Meadows (DraftKings)<\/strong>: $253,073,537 handle, $7,876,381 total sports betting revenue.<\/li>\n<li><strong>Wind Creek (Betfred)<\/strong>: $1,813,732 handle, $133,247 total sports betting revenue.<\/li>\n<li><strong>Hollywood Casino Morgantown<\/strong>: $54,304,013 handle, $203,510 total sports betting revenue.<\/li>\n<li><strong>Live! 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