State-licensed online sportsbooks turned a $747.8-million handle into $67.6 million in taxable revenue, easily topping last January's profits.
State-licensed online sportsbooks turned a modest $747.8-million handle into an impressive $67.6 million in taxable revenue, easily topping last January's profits.Pennsylvania’s online sports betting industry started 2026 off on the back foot in terms of betting volume, seeing a near 10% decrease during a $747.
8-million month, though it certainly was not doom and gloom for sportsbooks in January.The Philadelphia Eagles' early playoff exit likely meant less excitement for NFL betting than the previous January.produced $830.4 million in wagers during January 2025 during the build-up to the Philadelphia Eagles’ push to a Super Bowl triumph over the Kansas City Chiefs. But fate wasn’t as kind to the Eagles this year. The Birds were sent packing by the San Francisco 49ers in the wild-card round, coinciding with a steep drop in total wagers during the first month of the year.total was up 37.5% year over year. That’s representative of a growing national trend of sportsbooks producing higher holds, or generating more revenue on a per-dollar basis.FanDuel, which is partnered with Valley Forge and Live! Casino Philadelphia, topped the charts yet again. The nation’s leader in sports betting reported $274.8 million in online handle and $27.5 million in online revenue, which, however, marked year-over-year decreases of 17% and 4.2%, respectively. Hollywood Casino at The Meadows partner DraftKings reported $234 million in handle and $22.6 million in revenue, marking year-over-year bumps of 7% and 51.1%. Fanatics, a Hollywood Casino York partner, posted $55.6 million in revenue, which was up 3.7% from the same month last year, as well as $5.5 million in revenue, which was a substantial improvement from the sportsbook finishing $1.9 million in the red last January. BetMGM produced $49 million in handle and $3.6 million in revenue. That marked a 27.5% decrease in handle but a 7.6% increase in revenue year over year. BetRivers’ $32.3-million handle was down 10.3% year over year, but its $1.8 million in revenue was up 12.3%. theScore Bet, formerly ESPN BET , posted $30.7 million in wagers and $2.3 million in revenue. The handle was down 23.7% from the January 2025 total, but the revenue was more than 6.6 times higher.Even with the declining wagers, Pennsylvania has proved to have one of the largest gaming markets in the country. It’s also one of the very few that have legalized online sports betting, land-based casinos, and online casino gaming . Grant jumped into the sports betting industry as soon as he graduated from Virginia Tech in 2021. His fingerprints can be found all over the sports betting ecosystem, including his constant delivery of breaking industry news. He also specializes in finding the best bets for a variety of sports thanks to his analytical approach to sports and sports betting.Massachusetts Sports Betting Handle Spikes 6.1% YoY in JanuaryIf you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.
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