Competition among sportsbooks benefits bettors by enabling line-shopping for the odds most to their liking, but Pennsylvania’s February data also points to how they can provide those gamblers more promotional credits.
The dozen online sportsbooks in the state gave out a record $16.6 million in credits in February, up from the prior high of $15.3 million in January, according to Pennsylvania Gaming Control Board data.
In proportion to online handle, the promotions to customers were even better by monthly comparison, representing 3.6% of last month’s $469.7 million wagered. Credits in January represented 2.6% of that month’s record $579.9 million online handle. The prior high for credits as a proportion of handle was the $5.5 million bettors received in July when wagering $155.4 million, for 3.5%.
The table below shows how monthly promotional credits have risen for Pennsylvania online sportsbooks since July.