Pennsylvania Revenue Insights
Overview of Pennsylvania Sports Betting Market
Pennsylvania has been a major player in the sports betting industry since online sports betting launched in May 2019. Regulated by the Pennsylvania Gaming Control Board (PGCB), the state has leveraged its large population and rich sports heritage to build a strong market.
By the end of 2023, Pennsylvania’s sports betting market hit over $7.6 billion in handle for the year. With a 36% tax rate on gross gaming revenue, the state collected around $165 million in tax revenue in 2023. These funds go towards property tax relief, economic development, and support for the agricultural community (Pennsylvania Gaming Control Board, 2024).
The state has a passionate fan base for teams like the Philadelphia Eagles, Pittsburgh Steelers, and Philadelphia Phillies, which creates significant betting interest. Pennsylvania also has prominent NCAA programs such as Penn State, the University of Pittsburgh, Villanova, and Temple. Additionally, the state features the Philadelphia Union in MLS.