The momentum continues for Rush Street Gaming.
Last week, the Pennsylvania Gaming and Control Board (PGCB) released its May Sports Wagering Revenue Report and the state’s Rush Street properties finished first and second in retail handle.
Rivers Casino Pittsburgh/Philadelphia finish 1-2
Rivers Casino Pittsburgh led all sportsbooks in retail handle with a total of $7,924,510. SugarHouse Casino, which will soon be rebranded as Rivers Casino Philadelphia, had a retail handle of $7,350,676. In addition, SugarHouse also had an online handle of $573,163, thanks to a three-day testing window and a half-day of online operation on May 31.
SugarHouse leads in sports betting revenue
In terms of overall revenue generated by sports betting, SugarHouse finished first in that category with a total of $711,845. Rivers Casino Pittsburgh was second in revenue with $641,029.
Parx Casino was third in revenue with $639,922, just behind Rivers Casino Pittsburgh. That total is impressive considering Parx was third in handle ($6,809,662), more than a million behind the Rivers Pittsburgh total.
Other sportsbooks trail top performers
There was a pretty big drop-off behind the top three performers. In terms of overall handle, the remaining totals for May were as follows:
- Hollywood Casino ($3,816,054)
- South Philadelphia Race and Sportsbook ($2,745,803)
- Valley Forge Casino Resort ($2,739,475)
- Harrah’s Philadelphia ($2,589,147)
- Oaks Race and Sportsbook ($1,385,725)
The revenue totals of those properties followed a similar order with the exception of the FanDuel Sportsbook at the Valley Forge Casino Resort. That sportsbook finished fourth in revenue despite being sixth in total handle.
Overall, the state’s sportsbooks recorded over $35 million in retail handle and generated revenues of $2,861,852. Those numbers resulted in tax revenues of $1,030,267 for the state and local shares.
Online sports betting will make a bigger splash this month
Starting this month, the state’s totals should reflect a much greater impact from online betting. In New Jersey, where most sportsbooks also offer online sites, digital wagers typically account for about 80 percent of the overall handle.
SugarHouse casino can likely expect similar numbers in its first full month of online operation.
It is also possible that other sportsbooks will be able to launch online operations in the near future, boosting the state’s overall handle.
Baseball, golf, World Cup, Wimbledon should spur summer betting
The summer is typically a slower time for sports betting, especially with the NBA and NHL season now complete.
Players looking for some action will focus their attention on baseball, golf tournaments, tennis and perhaps the Women’s World Cup.
The Women’s World Cup is now in the semifinals. The other big approaching on the sports calendar are the Wimbledon Tennis Tournament, which started on July 1, and the British Open beginning in mid-July.
Futures odds are already available on the Open champion. Brooks Koepka (+700), Rory McIlroy (+800), and Dustin Johnson (+1,000) are the favorites according to the Rivers Casino Pittsburgh.
Preseason football will follow that tournament a few weeks later.
And the sportsbook counter will get much busier from then on.