Last updated on March 20th, 2022 at 12:29 am
According to the latest report from the state gambling authorities, Pennsylvania sports betting handle in February was down 24.8 percent to $597 million from $793 million in January. As a result, The decrease in handle had sportsbook software providers worried about their future in the state.
The good news is that February’s handle was 17.2 percent higher than $509 million in February 2021. Also, the state’s online sports betting handle was $558 million, which was down 24.3 percent from $737 million in January. In addition, it was an increase of 18.8 percent year-over-year from $469 million. According to online bookie software reports, 93.5 percent of wagers were made via mobile devices.
The gross sports betting revenue in February was $442,000. It was $32 million in January and $16.4 million in February last year.
Sportsbook Software Providers Worry about February Handle
It’s been customary to see lower sports wagering aggregates detailed for February. The month is the briefest of the year. Furthermore the Super Bowl, there are no consistently booked marquee football match-ups for individuals to wager on. Walk commonly sees sportsbooks quickly return because of March Madness.
On Wednesday, Greenwood Gaming and Entertainment Inc., the parent organization of Parx Casino in Pennsylvania, launched the new betPARX application in Pennsylvania. The application is additionally accessible in New Jersey.
Fueled by sports betting software company Playtech, the application permits the organization to work in Pennsylvania and New Jersey. As per the organization, the application offers a straightforward, speedy, and simple stage to bet on all games and play mobile casino games in the two states.
The app allows players to go through a secure and straightforward sign-up process. Also, players can deposit and withdraw funds fast throughout the day.
New clients who join will get a $20 gambling club reward or a $20 free games bet. Likewise, they will get a 100 percent store coordinate to $750, and 500 free spin or a free sports bet if their first bet is evaluated as a loss. You can also become a bookie if you find the best gambling software.