Another Record-Breaking Month For US Online Sports Betting Revenue In October

October 2020 set yet another benchmark for mobile sports betting in the US. All five states on this month’s revenue roundup list (New Jersey, Pennsylvania, Indiana, Iowa, and West Virginia) broke records for monthly mobile sports betting revenue.

New Jersey continues to set the standard in the US mobile sports betting market, with Pennsylvania also emerging as one of the biggest sports wagering hubs in the US. In both states, more than 90% of betting came from online apps in October.

The Indiana market flourished in October, with DraftKings and FanDuel leading the charge. Iowa and West Virginia also realized big gains in monthly revenue, as October 2020 marked the biggest month for sports betting in US history.

New Jersey Online Sports Betting Revenue October 2020

Retail OperatorOnline SkinsOctober 2020 RevenueMonth-Over-Month ChangeYTD RevenueYear-Over-Year Change
New Meadowlands RacetrackFanDuel Sportsbook, PointsBet$29,326,479
+17.0%$133,707,772
+39.7%
Resorts Digital GamingDraftKings Sportsbook, FOX Bet, Resorts$14,635,732+206.5%$70,876,625
+15.9%
Ocean Casino ResortWilliam Hill Sportsbook at Ocean Casino$3,241,022+38.2%$12,157,360+15.6%
Borgata Hotel CasinoBorgata Sports, BetMGM$3,235,586-12.9%$18,311,910+578.7%
Darby Development (Monmouth Park)Monmouth Park Sportsbook by William Hill, SugarHouse, TheScoreBet$3,136,786
+34.4%
$14,930,504
+2.9%
Hard Rock Atlantic CityHard Rock, Bet365, Unibet$1,147,667+21.1%$4,793,730+108.6%
Bally’s Park PlaceCaesars Sportsbook, 888 Sport, WynnSports$395,548
+61.5%
$1,696,593
-42.6%
Tropicana Casino & ResortWilliam Hill Sportsbook Tropicana Atlantic City$158,692
+45.3%$508,436
+228.0%
Golden NuggetGolden Nugget, BetAmerica-$109,670
N/A$566,914
-52.6%
Totals$55,167,842
+38.9%
$257,549,844
+34.7%

New Jersey Sports Betting Continues To Raise The Ceiling

Overall betting handle for New Jersey sportsbooks broke the all-time monthly record again in the US. Combined handle from retail and online sports betting came in at $803,096,172, with 92.6% of bets coming from mobile sportsbooks.

That $803 million figure breaks the previous monthly handle record set just last month by the New Jersey market. The breakdown of overall, mobile, and retail betting handle from the New Jersey Division of Gaming Enforcement can be viewed here.

New Jersey’s mobile sportsbooks also hit a new high in monthly revenue. Online sportsbooks in New Jersey brought in over $55 million in earnings for October.

That figure now stands as the all-time record for monthly mobile sports betting revenue in the US, breaking the previous mark set by New Jersey in January 2020 ($46.65 million).

The New Meadowlands Racetrack license (FanDuel Sportsbook, PointsBet) shows no signs of relinquishing its status as the state’s top online operator. New Meadowlands holds 52% of online market share for online sports betting revenue for 2020.

Resorts Digital Gaming (DraftKings Sportsbook, FOX Bet, Resorts) holds the No. 2 spot among New Jersey’s online sportsbooks. October revenue reports from the New Jersey Division of Gaming Enforcement show a close battle for the number three spot, as New Jersey continues to host the most competitive online sports betting market in the nation.

Pennsylvania Online Sports Betting Revenue October 2020

Retail OperatorOnline SkinsOctober 2020 RevenueMonth-Over-Month ChangeYTD Revenue
Valley Forge Casino ResortFanDuel Sportsbook$14,706,169
+516.8%
$52,360,106
The MeadowsDraftKings Sportsbook$6,471,318
N/A
$22,959,331
Hollywood Casino at Penn NationalBarstool Sportsbook$2,962,659
N/A
$151,024
Parx CasinoParx Sportsbook$2,143,025
+65.8%
$11,092,214
Rivers PhiladelphiaSugarHouse Sportsbook$1,469,606
+72.3%
$10,459,280
Rivers PittsburghBetRivers Sportsbook$1,448,815+253.3%$8,816,075
Mount Airy Casino ResortFOX Bet$1,085,889+336.0%$7,293,406
Mohegan Sun PoconoUnibet Sportsbook$101,458
-153.5%
$1,595,550
Harrah’s PhiladelphiaCaesars Sportsbook$66,241
-33.0%
$246,018
Presque Isle DownsBetAmerica$15,076-68.1%$282,124
Totals$30,470,256
+2555.7%
$115,255,128

Pennsylvania Online Betting Revenue Sets A New Record

Online sportsbooks in the Keystone State took $472,276,003 in bets for October, breaking the previous all-time monthly high of $414.1 million set just last month. Mobile sports betting brought in $30.47 million in October, also setting a new record for the Pennsylvania sports betting market.

Online wagers represented nearly 90% of overall handle in Pennsylvania for October. FanDuel Sportbook lifted the Valley Forge Casino Resort license to $14.7 million in October, by far the single-month record for any mobile sportsbook operator in the state.

Barstool Sportsbook (under the Penn National Gaming license) took the No. 3 spot in the state for both revenue ($2,962,659) and handle (just under $61 million) among online sportsbooks. The revenue figures from the Pennsylvania Gaming Control Board can be viewed here.

October revenue pushed Pennsylvania’s online sports betting industry past the $115 million mark for the year.

Indiana Online Sports Betting Revenue October 2020

Retail OperatorOnline SkinsOctober 2020 RevenueMonth-Over-Month ChangeYTD Revenue
Ameristar CasinoDraftKings Sportsbook, theScore Bet$8,751,429
+171.1%
$36,383,169
Blue Chip CasinoFanDuel Sportsbook$7,085,879
+204.7%
$22,570,619
Belterra CasinoBetMGM$1,778,855
+37.7%
$4,834,631
Hollywood LawrenceburgPointsBet$862,865
+207.0%
$1,709,468
French Lick ResortBetRivers Sportsbook$632,752
+85.9%
$3,224,289
Horseshoe HammondCaesars Sportsbook, Unibet$219,740
N/A$267,724
Tropicana EvansvilleWilliam Hill$65,406N/A$65,406
Rising Star CasinoBetAmerica-$10,016
N/A$22,144
Totals$19,386,910+160.7%$69,077,450

Indiana Mobile Sportsbooks Shatter Revenue Records

October produced the best revenue-earning month in the history of mobile sports betting in Indiana by far. Online sportsbooks took in $19,386,910 in October, almost doubling the previous high set in August ($10,016,090).

Overall handle also saw a new record come in for the Indiana market, with state sportsbooks taking just under $231 million in bets.

Ameristar Casino (DraftKings Sportsbook, theScore Bet) and Blue Chip Casino (FanDuel Sportsbook) dominate the Indiana market. The two operators combined accounted for 81.6% of mobile sports betting revenue in October.

William Hill, the newest player in the Indiana market, debuted Oct. 29. November will mark the first full month of operations for William Hill Indiana, licensed to Tropicana Evansville Casino.

The October numbers released by the Indiana Gaming Commission can be viewed here.

Iowa Online Sports Betting Revenue October 2020

Retail OperatorOnline SkinsOctober 2020 RevenueMonth-Over-Month ChangeYTD Revenue
Prairie MeadowsWilliam Hill Sportsbook at Prairie Meadows$2,156,863
+121.1%
$6,735,750
Wild Rose CasinoDraftKings Sportsbook$1,194,638
+149.9%
$2,724,724
Diamond Jo CasinoFanDuel Sportsbook$942,349
+740.7%
$942,349
Caesars EntertainmentWilliam Hill $851,673+128.3%$2,689,143
Elite Casino ResortsElite Sportsbook$811,968
+102.4%
$2,447,322
Hard Rock CasinoHard Rock Sportsbook$157,777+125.3%$466,041
Lakeside Hotel CasinoWilliam Hill Sportsbook at Lakeside Hotel Casino$149,561+63.1%$428,627
Catfish Bend CasinoPointsBet$97,834
+88.8%
$393,929
Q CasinoQ Sportsbook$8,617
-66.9%
$285,218
Totals$6,371,281
+158.2%
$17,113,102

Record-Breaking Trend Continues For Iowa’s Mobile Sportsbooks

October saw Iowa’s sportsbooks take $81.9 million in bets, with $56.88 million of that total coming from online sportsbooks. Both of those marks set new records in the Hawkeye State, as Iowa’s sports betting industry continues to surge.

FanDuel Sportsbook, in its first full month of operations under the Diamond Jo Casino license, took the No. 3 spot on the October monthly revenue list in Iowa.

William Hill persists as the dominant brand in the Iowa market. Prairie Meadows, a quartet of Caesars-owned properties, and Lakeside Casino Hotel all partner with William Hill to offer mobile sports betting in the state.

The three licenses partnered with William Hill brought in more than $3.1 million in combined online sports betting revenue in October, producing nearly half of Iowa’s total online sports betting revenue.

The monthly figures from the Iowa Racing and Gaming Commission can be viewed here.

West Virginia Online Sports Betting Revenue October 2020

Retail OperatorOnline SkinsOctober 2020 Revenue*Month-Over-Month ChangeYTD Revenue**
The GreenbrierFanDuel Sportsbook, BetMGM$1,695,244
+93.5%
$6,250,258
Hollywood Casino at Charles Town RacesDraftKings Sportsbook$709,293
-25.3%
$4,735,011
Mountaineer CasinoWilliam Hill $75,250
+119.2%
$109,587
Wheeling Island CasinoWheelng.Betly.com$22,378
+456.8%
$26,397
Mardi Gras CasinoBetly$14,706
+345.1%
$18,010
Totals$4,324,449
+131.7%
$12,946,842

*total revenue figures for weeks ending in October 2020

**total revenue figures for weeks ending in 2020

New Highs for West Virginia Mobile Sports Betting Market

West Virginia’s mobile sportsbooks realized the best month in the history of the state’s industry by far in October. With all five of the state’s land-based casinos now offering online sports betting, mobile wagering revenue topped the $2.5 million mark for the month.

That total tops the previous all-time monthly revenue high of $1.866 million, set just last month. The Greenbrier licenses both posted the first seven-figure revenue-earning months in the history of West Virginia’s sports betting industry. The revenue breakdown from the West Virginia Lottery can be viewed here.

About the Author

Geoff Fisk

Geoff Fisk is a San Diego-based freelance writer, specializing in the poker and gambling industries. He’s written for numerous platforms and has traveled the globe as a live poker tournament reporter. Geoff is an avid sports fan, but poker is his passion.