Behind the popularity of the NCAA Men’s Basketball Tournament, PA sports betting outlets brought home a haul in March, booking $723.5 million in wagers.
Up close to 21% over February’s handle, sportsbooks in the Keystone State enjoyed a healthy number of upsets throughout March Madness that tipped the scales in their favor over the betting public. The rise in betting came despite only Penn State and Pittsburgh making the tournament and against the Philadelphia Eagles’ trip to the Super Bowl in February.
PA online sports betting fans enjoyed placing wagers from their mobile device with over 92% of all wagers coming from apps.
Taxable sports betting revenue topped $50 million helping the state enjoy a $15.5 million windfall for the state’s general fund.