Hollywood Casino posts $5M in sports bets in December
Casino sportsbooks raked in more than $722,000 in tax revenue for state and local governments in December, the first full month of legalized sports betting in the commonwealth.
The Pennsylvania Gaming Control Board said about $16.2 million in total sports bets were placed at Hollywood Casino at Penn National Race Course in Dauphin County, Rivers Casino in Pittsburgh and SugarHouse Casino in Philadelphia.
Hollywood, which was open all of December, posted bets of about $5.1 million. The other two casinos, which opened sports betting on Dec. 14, saw $11 million in bets.
Hollywood opened a sportsbook on Nov. 15, becoming the first casino in the state to do so. Parent company Penn National Gaming also was the first to petition the state for a sportsbook last summer.
In two weeks of November operations, the sportsbook at Hollywood generated $1.4 million in bets.
Pennsylvania casino owners can pay $10 million to operate sports betting — at a time when Pennsylvania is going through a broader gambling expansion that paved the way for smaller satellite casinos and online gambling. The commonwealth also levies a 34 percent state tax rate on gross sports betting revenue, while host communities receive 2 percent.