It appears this year could be the last in which the Pennsylvania sports betting market continues to grow in a major way. While Pennsylvania is seeing a healthy boost in betting volume thanks to the best NFL start yet for sportsbooks, the future forecast is not as bright.
PlayPennsylvania projections for 2023 show a year-over-year increase of just under 3% for PA sports betting handle and revenue. Our forecast indicates a 2023 handle of $7.65 billion and revenue of $609 million.
While several factors could contribute to the decline in growth, the main cause of the potential leveling off is that the PA market is now considered mature. This means it isn’t expanding in any meaningful way, as there are minimal new sportsbook operators launching in the state.
