Hollywood Casino rakes in $1.4M in sports bets
Legalized sports betting seems to be paying off so far at Hollywood Casino at Penn National Race Course.
After two weeks of operations in November, the sportsbook at Hollywood in Dauphin County raked in $1.4 million in bets, according to the Pennsylvania Gaming Control Board.
With a 36 percent state and local tax rate on sports books in Pennsylvania, those bets generated more than $183,000 in tax revenue for the commonwealth and local share assessment.
Penn National was the first casino operator to petition for sports betting in Pennsylvania back in August. The sportsbook opened Nov. 15, another first in Pennsylvania.
Pennsylvania casino owners can pay $10 million to operate sports betting — at a time when Pennsylvania is going through a broader gambling expansion that includes smaller satellite casinos and online gambling.
Two additional facilities, Rivers Casino in Pittsburgh and SugarHouse Casino in Philadelphia, started sports wagering this month. Revenue figures for those facilities will be include in next month's report, state regulators said.
By comparison, New Jersey sports books pulled in more than $330 million in bets last month. So far, New Jersey sportsbooks have generated $928.1 million in bets in less than six months since legalization.