Industry News

The monthly revenue reports from May 2023 are out for Pennsylvania. This article details specifics on noteworthy figures along with important details about the sports betting numbers.

This article is about how Caesars sportsbook is starting to gain more of the market share in Pennsylvania as their monthly handle is continuing to grow including over a 5% share in May.

PointsBet announced earlier this year they were looking to sell their US assets. Not long after their announcement, news broke that they had agreed to sell to Fanatics for $150 million, but now that may change as DraftKings has made a more significant offer.

European gaming company Greentube received an iGaming license by the Pennsylvania Gaming Control Board. With the license, the company, a popular online slots provider, enters their fourth U.S. state gaming market after launching in New Jersey, Connecticut, and Michigan.

The Philadelphia Eagles hope to avenge their Super Bowl loss to the Chiefs this season and Pennsylvania’s top sports betting sites are believers in their latest update to their NFL title odds. Currently, the Eagles hold +650 odds to win Super Bowl 58 via DraftKings, while FanDuel places Philly with +850 odds to win their first NFL crown since 2018.

Evolution announced a new partnership with Caesars Digital to bring their popular online slots and live dealer games to the gaming company’s online platforms in Pennsylvania. Caesars’ Tropicana Online Casino and Caesars Sportsbook & Casino will receive exclusive access to Evolution’s top online slots and first-person games.

The partnership will enable Caesars Sportsbook & Casino users in Pennsylvania to access High 5 Games’ popular titles, including Green Machine Deluxe Power Bet, as well as land-based games like Golden Knight, Jaguar Princess, and Dangerous Beauty.

Pennsylvania's gaming industry collectively yielded a total revenue of $476,733,131 last month, indicating a 3.27% rise compared to the corresponding period of the previous year.

After spending several years attempting to enter the sports betting business, Fanatics looks to make a splash in the 15 states that PointsBet currently operates within. According to reports, Fanatics hopes to take over PointsBet’s assets by the beginning of the lucrative NFL season.

When it comes to PA sports betting markets, the local 76ers have been given the best odds to win the NBA Championship according to DraftKings and FanDuel.