FanDuel’s Addition Fuels PA Sports Betting
The addition of FanDuel as the sportsbook partner of Valley Forge Casino (l.) pumped $35.3 million in wagers to Pennsylvania’s nascent sports betting market. FanDuel and rival DraftKings are the dominant players in the New Jersey sports betting market.
The Pennsylvania Gaming Control Board posted $83.2 million in sports wagers for August, thanks largely to Valley Forge Casino Resort’s partnership with sportsbook and daily fantasy giant FanDuel. According to the numbers, the new FanDuel online sportsbook offered by Valley Forge took in $35.3 million in wagers for the month, more than a third of the total.
FanDuel’s brand advantage also edged Pennsylvania closer to New Jersey in percentage of sports wagers placed online, at 76.3 percent. New Jersey takes 85 percent of its sports bets through online wagers.
Overall, Pennsylvania’s sports betting handle at nine retail locations and four online operations jumped from $59.3 million in July to $109 million in August. Revenue more than doubled, from $2.9 million to $6.3 million.
Among Pennsylvania’s online operators, the handle and revenue figures in August were:
- FanDuel: $35.3 million/$2.9 million
- Play SugarHouse: $25 million/$1.7 million
- BetRivers: $16.9 million/$1 million
- Parx: $6 million/$620,573
Total: $83.2 million/$6.3 million
The retail sportsbooks’ handle and revenue in August:
- SugarHouse: $5.4 million/$816,768
- Parx: $5 million/$722,945
- Rivers: $4.9 million/$631,012
- Valley Forge: $2.5 million/$175,330
- Hollywood: $2.1 million/$309,171
- South Philadelphia: $2 million/$337,680
- Harrah’s: $1.9 million/$251,296
- Presque Isle: $1.2 million/$282,384
- Oaks: $942,856/$48,230
Total: $25.8 million/$3.6 million