{"id":64382,"date":"2025-12-18T16:11:10","date_gmt":"2025-12-18T16:11:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/64382\/"},"modified":"2025-12-18T16:11:10","modified_gmt":"2025-12-18T16:11:10","slug":"fanduel-fuels-record-125m-pennsylvania-sportsbook-haul","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/64382\/","title":{"rendered":"FanDuel Fuels Record $125M Pennsylvania Sportsbook Haul"},"content":{"rendered":"

FanDuel set a Pennsylvania record with $58.2 million in gross sports betting revenue for November, highlighting an all-time monthly high collective total of $125.4 million reported<\/a> Wednesday by the state\u2019s Gaming Control Board.<\/p>\n

It was the second consecutive November that was exceptionally good to Keystone State sportsbooks as this year\u2019s haul shattered the record of $103.3 million set 12 months prior. Operators statewide combined for a 12.7% hold, outpacing the national November trend in which the collective hold is 11.9% through 21 state reports with handle and revenue figures.<\/p>\n

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Pennsylvania came up short in its bid to become the sixth state to post a $1 billion handle in the post-PASPA era, settling for a record $990.6 million. That was 5.9% higher than last year while also establishing a new standard for the second consecutive month<\/a>.<\/p>\n

The state collected $33.4 million in tax receipts, pushing its all-time total above $850 million. The $94.7 million inflow into state coffers through the first five months of the current fiscal year is running $17.7 million ahead of last year\u2019s pace.<\/p>\n

FanDuel runs Pennsylvania<\/p>\n

FanDuel has long been the dominant mobile operator in the state, but it has taken substantial efforts in retaining and cementing that status. The digital leviathan offered $14.2 million in bonuses and credits, up 55.6% from last year, as it surpassed $100 million in promotional spend for the year. FanDuel\u2019s aggressive outlay accounted for more than half the total $26.2 million reported among Pennsylvania\u2019s 12 online sportsbooks.<\/p>\n

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Its performance in Pennsylvania in November mirrored the absolute battering it administered in neighboring New York<\/a> and New Jersey<\/a>. Its $58.2 million toppled Pennsylvania\u2019s record of $54.7 million it established in January 2024 and was up 26.8% compared to last year. The 15.7% win rate against $370.7 million handle was stunningly not its best for 2025 \u2014 FanDuel reached 17.5% in June with $162.2 million worth of wagers \u2014 but it was still 3.3 percentage points higher than last November.<\/p>\n

FanDuel, though, has needed this eight-month heater \u2014 it has claimed $258.4 million since April<\/a> thanks to a 12.9% hold \u2014 to have any chance at full year revenue growth. its $343.4 million in gross winnings this year is down 2.6% versus the first 11 months of 2024.<\/p>\n

Not alone in rewriting the record books<\/p>\n

FanDuel\u2019s monstrous performance cast a shadow over the other 11 mobile books despite a good portion of them also enjoying a banner November. Eternal rival DraftKings also had its best month in Pennsylvania with $31.6 million in winnings, eclipsing its previous best of $27.9 million set in October 2023 thanks to a 10.7% hold on $296.8 million worth of wagers.<\/p>\n

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DraftKings also continued its pullback on promotional spending at $3.9 million. That was down 43.1% from last year and 30.9% from October. After reaching a peak monthly outlay of $12 million in September to help ring in the NFL season<\/a>, DraftKings has spent $9.4 million in the last two months combined.<\/p>\n

Running November Top 10 #SportsBetting<\/a> handles by state (*all-time monthly high)<\/p>\n

1 New York $2.61B
2 New Jersey $1.28B
3 PENNSYLVANIA $990.6M*
4 North Carolina ~$814B*
5 Maryland $720.2M
6 Tennessee $647.6M
7 Michigan $645.5M
8 Indiana ~$641M*
9 Iowa $321M*
10 Kansas $297.1M\u2026<\/p>\n

\u2014 Christopher P Altruda (@3rdPlanetChris) December 17, 2025<\/a><\/p>\n

Fanatics was the \u201cbest of the rest\u201d for November, claiming the final podium spot with a record revenue haul of $7.1 million. That came with a 12.1% hold on $61.1 million handle while setting a high for the second straight month.<\/p>\n

England-based bet365 ($6.2 million) and BetMGM ($6 million) rounded out the top five, with the former posting a 14.7% win rate and the latter landing at 9.6%. Bet365 continued to dig deep into its promotional war chest as the only other operator to spend at least $3 million, raising its outlay the last three months to $12.3 million.<\/p>\n

ESPN Bet bids adieu in style<\/p>\n

The outgoing numbers for Penn Entertainment-run ESPN Bet<\/a> were respectable with $4 million in winnings with a 10.3% hold. That was its best month since a record $8.1 million accumulated in December 2023 when it had a peak handle of $81.2 million.<\/p>\n

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Despite the lack of a substantial market share<\/a> after its initial promotional blitz in November 2023, ESPN Bet exited the Keystone State with some pride after two-plus years. It finished with a 7.6% hold in collecting $71.5 million of the $944.9 million wagered.<\/p>\n

BetRivers also had a double-digit win rate at 10.2% in keeping $3.6 million of the $35.5 million wagered via its Pittsburgh and Philadelphia tethers. Caesars was the only large operator not to get its licks in on the betting public, crafting a 5.2% hold in retaining $1.5 million of the $28.2 million in wagers accepted.<\/p>\n

Retail books extend roll<\/p>\n

Brick-and-mortar sportsbooks had their best month of 2025 with $5.9 million in winnings, up 8.7% from last year. They also extended their record run of double-digit holds to five months at 13.4% after accepting $44 million in bets.<\/p>\n

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Retail operators have been playing catch-up since cratering in February after the Philadelphia Eagles won the Super Bowl. The $29.4 million in year-to-date winnings, which includes a $2.9 million loss in February, is down 18.3%. Year-to-date handle has also fallen off notably with a 12.4% decline to $365.2 million entering the final month of the year.<\/p>\n