Record Volumes Of Sports Betting In Pennsylvania

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May 25, 2022
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The volume of rates in Pennsylvania is growing

According to the investment and analytical group the motley fool, the volume of sports rates in pennsylvania reached a record $ 548.6 million in december 2020. Especially distinguished online applications draftkings and penn national gaming. According to the report, pennsylvania is now ranked third at the rates for sport, inferior to new jersey and nevada.

Sport rates seem to be gaining momentum: the previous record month in pennsylvania was november 2020, when the turnover was $ 525.8 million. A total of 97.5% of the december indicator accounted for a sport online rates, since most of the outlets remained closed during the month due to covid-19.

Internet bookmaker penn barstool has processed rates worth 71.8 million dollars, having collected $ 13.9 million, which is 42% of the total income received by all gambling applications.

Draftkings also received a prominent profit, processing more than 100 million dollars in pennsylvania’s sports rates for the fourth month in a row in the amount of $ 131.5 million, although the revenue was only $ 5.4 million, which is less than half of the barstool profits, despite the fact that the number rates were twice as much.

Penn national position with its purchase barstool still seems winning. The main clients are young men who are among the most avid players in sports. The company is already going to deploy his service in michigan after the legalization of online bookmakers who are upcoming there and it will probably make the same thing as the trend applies to other states.

Draftkings also plans his debut in michigan and announced partnership with bleacher report, which will allow it to handle bets from concrete events or players during the super cup.

Source: the motley fool site

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