Last updated on April 17th, 2021 at 01:11 pm
The Pennsylvania sports betting handle and revenue for March is remarkably better than its February numbers. Granted that February is normally not as good as the other months, of course. Even the best bookie pay per head of 2021 is not spared, as there are fewer days in the month for people to bet on.
Let’s take a look at the numbers. The total sports betting handle for Pennsylvania for March is $560.3 million. This is 9.97% higher than February’s $509.5 million. Its year-on-year increase is at 326.6% from $131.3 million of March 2020. Perfect proof that the market has grown a lot in spite of a pandemic.
Pennsylvania Sports Betting Handle and Revenue
This is, however, a bit far from the state’s record. The highest handle recorded by the state is $615.3 million in January 2021. Meanwhile, revenue for March 2021 is at $403.1 million. This, is a new record. This is the first month the state has a revenue that is higher than $400 million in a single month. Many pay per head bookies are also seeing higher revenues this year. Much of the credit of the increase in sports betting activities this march is due to March Madness. The biggest collegiate basketball championship manages to capture a large betting market. Especially this year, since last year’s March Madness was cancelled due to the Coronavirus pandemic.
And for those who use software for bookies, there is growth in online sports betting as well. The mobile handle for March is at $514.336 million. This is 9.5% higher than February’s $469.709 million. Online casino gaming also saw an increase of 31.3% from February’s $50.6 million to March’s $66.4 million.
