The handle was the largest ever by a single operator in the Keystone State. FanDuel posted a $325 million handle during the state’s historic October. 1 sportsbook in America in terms of market share. The state’s 12 operators include DraftKings, BetRivers, BetMGM, ESPN BET, and FanDuel - the No. Operators paid $16.4 million in taxes in October 2023.

The strong revenue also represented an 11% uptick compared to the month prior and a nearly 20% increase year-over-year. The handle in October 2023, which saw 93% of all wagers placed online, generated $73.6 million in gross revenue - Pennsylvania’s third-highest figure since the onset of wagering in 2018. The highest all-time handle for Pennsylvania beat October 2022’s previous record of $797 million. The growth of Pennsylvania’s gaming market was evident in October when the state reported a record $829 million sports betting handle - a 14% increase compared to the month prior. However, bet365 is poised to enter a robust market that is continuing to grow at a rapid rate. The British sportsbook is currently live in seven states, including New Jersey and Ohio but has yet to announce a launch date in Pennsylvania.

The Keystone State started the year by adding to its list of 12 sports betting operators in the state by awarding market access to bet365. Pennsylvania made history in 2023 as one of America’s largest legal sports betting markets.

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