A few months resulting to Pennsylvania nurturing the legal route to command their ducks in a row, developing a sports betting market is proving to be a worthwhile investment in the Keystone State all things considered.
Accordingly, SugarHouse Casino led the way to jump on the bandwagon of embarking on Hollywood Casino’s opening move since unlocking PA online casinos operations in Nov. 2018. In pursuant to this venture for legal sports betting, the Pennsylvania Gaming Control Board confirmed approximately $126 million accumulated in total handles.
Even so, time was never an issue for SugarHouse Casino PA by rolling out its sportsbook a month later after commencement circa Dec. 2018. To some measure that their cash cow stature amongst other PA sports betting traders is certified prime, after claiming a fair allocation of that revenue.
SugarHouse Casino Sportsbook Are Runners
Up, But Remain In The Ball Park Of Rivers Casino
In any event, SugarHouse Casino Sportsbook proved their worth ensuring the revenue upshots registered by PA sports betting operators since the takeoff in December 2018. As good as a mammoth of $32.65 million was recorded by Sugarhouse Sportsbook PA in handles, beyond the $2.5 million amassed in gross revenue.
Meanwhile, by the time March 2019 hit, chart-busting numbers on the board were Rivers Casino PA who is the reason why SugarHouse Sportsbook PA fell runner-up position by a close margin, procuring $35.17 million in handle and grossed $3.89 million total revenue.
|SugarHouse Sportsbook||Dec. 2018||Jan. 2019||Feb. 2019||March 2019||2018-19 Total|
|State Tax Due (34%)||$218,353||$35,198||$177,585||$420,682||$851,817|
|Local Share Assessment (2%)||$12,844||$2,070||$10,446||$24,746||$50,107|
On the up-and-up, SugarHouse Casino is fast-becoming a force to be reckoned with in the PA sports betting realm despite playing second-fiddle in the interim.
In like manner, as Rivers Sportsbook PA their revenue impressively tallied over $30 million, although experiencing consecutive fluctuating results between the months of January and March 2019. Considering that, initially it set them on a record-breaking double-figure zone in a month enlisting $10.8 million, followed by a tumbling February and a revenue pull of $9.22 million by March.
Anticipation Builds For SugarHouse Sportsbook To Enter PA Online Sports Betting
New Jersey’s sports betting market successfully endured a couple of months by cutting the first turf of its ever-growing online sports betting operation, enjoying their awe-inspiring piece of the pie.
Such money-making moves infectiously raised the spirits of SugarHouse Sportsbook household to say the least, in a sense that the new online sports betting spectacle demands for adaptation beneficial to Pennsylvania’s traditional sports betting progress.
Complementing their counterparts seems like a good look at any rate, hence SugarHouse Casino’s familiarity operating in the NJ sports betting market along with its effective online sportsbook portfolio, including its presence in Monmouth Park.
There’s plenty in store and also counting a huge promise for vast earnings ahead of PA online sports betting’s launch slated in summer 2019, enticed by NJ online sports betting’s $52 million annual revenue accomplishment. Rest assured, on that note the Keystone state stands in a good place in the face of the 34 percent tax rate.