Pennsylvania Sports Betting Surge: Handle Set for Seasonal Kickoff with the NFL

Pennsylvania’s expanding sports betting market is anticipated to experience a substantial boost as the NFL season commences, with projected wagers potentially soaring to $125 million.

In July, the sports betting handle in the Keystone State increased to $59.3 million from $46.3 million in June—a notable rise, especially considering that July is typically a slower month for sports wagering.

Seasonal Trends in Betting

Using data from neighboring New Jersey as a benchmark, analysts predict an August handle of approximately $68 million before a near doubling to $125 million in September.

For comparison, New Jersey’s sports betting handle surged from $95.6 million in August last year to $183.9 million in September, following similar trends.

Catalysts for Increased Betting Activity

As August nears its end, the opening games for Power 5 schools such as Penn State and Pittsburgh will likely create additional betting activity, with their kickoff on August 31.

The NFL preseason began on August 1, with the Philadelphia Eagles and Pittsburgh Steelers starting their regular seasons on September 8—an event that typically elevates sports betting enthusiasm.

Recently, two sportsbooks—Parx Casino and Presque Isle—began offering betting options, adding to the competitive landscape.

The Rise of Online Sports Betting

Mobile and online sports betting is also surging in Pennsylvania. Recent reports indicate that around two-thirds of all sports bets are now placed online, mirroring trends in New Jersey, where online wagering constitutes about 80% of the total.

As the 2019 football season approaches, experts expect mobile betting to grow even more popular, particularly for in-game or in-play wagering, which is especially suited for mobile devices compared to traditional sportsbooks.

Conclusion

In summary, with the NFL season just around the corner, Pennsylvania’s sports betting market is poised for explosive growth. As fans gear up for the season, the surge in wagering will not only reflect the excitement of professional sports but also bolster the local economy significantly.