In March, Pennsylvania’s Sports Betting Handle Drops Once More

(AsiaGameHub) –   Pennsylvania recorded another decline in sports betting handle in March, even as NCAA tournament betting was offered. Revenue moved in the opposite direction, however, as sportsbook hold rates improved and iGaming continued its growth trajectory.

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Good to Know

• Pennsylvania’s March sports betting handle slipped to $730.9 million, a 13.29% drop from the $842.9 million tallied in March of the previous year.
• Sports wagering taxable revenue rose to $47.9 million, while total sportsbook revenue reached approximately $67.7 million amid a notably stronger hold rate.
• iGaming revenue hit $254.7 million, marking a 6.92% year-over-year increase.

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Pennsylvania Sports Betting Handle Slips Once More As Revenue Climbs

Pennsylvania’s sports betting market remained below the $800 million mark in March, and has not crossed that threshold since December 2025. Given the month was filled with conference tournaments and March Madness, this figure is particularly notable. The statewide handle came in at $730,853,609, continuing the year-over-year decline streak seen in January and February of 2026.

Revenue told an entirely different tale. Total sportsbook revenue neared $67.7 million, while taxable revenue hit $47.9 million, a 77.07% jump from March 2025. The primary driver of this growth was the hold rate. The market converted wagers at a much higher rate than it did one year prior, aided by a tournament bracket that saw more upsets and fewer top seeds advance deep into the competition.

Online betting still made up nearly the entire market. Digital sportsbooks handled approximately $700.6 million of the total handle and generated just over $45.2 million in online revenue. FanDuel once again led the pack with $243.6 million in handle and $18.6 million in revenue. DraftKings followed closely behind, recording $211.8 million in handle and $14.5 million in revenue.

Beyond sports betting, iGaming remained robust. Its revenue totaled $254.7 million, while the state’s total gaming revenue rose 4.85% to $602.4 million. Pennsylvania also collected $259.2 million in gaming tax revenue during the month.