The Pennsylvania Gaming Control Board reported $43 million in gross sports betting revenue for June on Thursday as operators largely maintained their status quo this year with a 9.3% hold.

Revenue was up 27% from June 2023, slightly outpacing the 24.5% rise in handle to $464.5 million. Keystone State bettors have wagered more than $4 billion in the first half of 2024, up 13.8% compared to the first six months of 2023. Handle slacked 21.5% from the $591.9 million reported in May, while revenue was down 30.3% as the reported hold for June was nearly 1.2 percentage points lower.

The state was eligible to levy its 34% tax on $29.9 million in adjusted gross revenue, sending $10.2 million towards its coffers. Year-to-date AGR is up 11.9% from last year to $262.3 million, and the $89.2 million in state taxes collected is $9.5 million more than in the same span in 2023. The $375.6 million in gross revenue is up 13.9% from last year.

1 New York $1.48B
2 New Jersey $748.4M
3 Mass. $509.4M
4 PENN. $464.5M
5 N.C. $398.3M
6 Maryland $384.7M
7 Tenn. $342.2M
8 Indiana $298.2M
9 Iowa $146.7M
10 CONN. $148.6M#SportsBettingX #GamblingX

— Chris Altruda (@AlTruda73) July 18, 2024

FanDuel continued to hold sway in Pennsylvania as the leader in revenue and handle among the state’s 11 sports betting apps and again showed it is willing to lavish promotional credits and bonuses to protect its market share.

Its $6.1 million in spend for June lifted FanDuel’s year-to-date total to $51 million and accounted for 46.6% of the $13.1 million in overall credits provided by online operators for the month. FanDuel attained a 12% hold for the second straight month as it collected $21.7 million in revenue from $179.2 million in handle.

As expected, DraftKings was No. 2 in promotional spend at $3 million, a 61.6% increase from the previous June. Gross revenue followed suit with a 45.1% jump to $11.3 million as DraftKings fashioned an 8.7% win rate from $129.3 million worth of bets.

Fanatics Sportsbook remained aggressive in trying to drum up action as its $1.2 million spend ranked third for mobile operators and reached seven figures for the fourth time this year. It attained 11% holds in back-to-back months after landing at 11.4% in June to win $1.9 million from $16.4 million in handle.

BetMGM was the last mobile operator with at least $1 million in credits and bonuses for its bettors as it finished a solid third in handle at $35.3 million. It also grabbed the final podium spot for revenue, coming within $5,600 of $2 million after posting a 5.7% hold.

ESPN BET almost pipped that No. 3 spot for revenue as it came $26,500 shy of $2 million. It had an 8.5% win rate against $23.3 million in wagers, but its $667,500 in promotional spend was the first time the outlay was below $1 million.

BetRivers combined for $26.1 million in mobile handle via its Pittsburgh and Philadelphia tethers, with revenue reaching $1.6 million. Caesars had a rough June, finishing with a 1.3% hold in winning just $218,500 from $16.5 million in handle. It finished with -$27,034 in AGR as promotional spend outpaced June winnings.

Mobile operators finished with a 9.5% hold for June, reaping $41.6 million in gross revenue from $436.7 million worth of wagers.

Pennsylvania’s brick-and-mortar sportsbooks finished with a year-low $1.4 million in winnings for June, crafting a 5.1% hold from $27.9 million worth of wagers. The $14.7 million in winnings for the first half of 2024 is down 28.4% from 2023 compared to the 8.9% decline in handle to $225.5 million.

Valley Forge Casino Resort and Harrah’s Philadelphia were the two biggest drags on June revenue as the betting public came out ahead at both venues. Valley Forge paid out $201,861 above its $1.8 million handle, its second-largest monthly loss behind a $244,375 loss in December 2022.

Harrah’s finished $78,354 in the red while accepting $2.6 million in wagers. It was a negative revenue swing of $357,700 from May for the Philadelphia-based venue, overshadowing the 38.6% month-over-month bump in handle.