Pennsylvania Sports Betting Revenue Jumps 61% in February 2026

Pennsylvania sports betting revenue surged 60.7% year-over-year in February 2026, reaching $54.5 million in gross revenue despite the Philadelphia Eagles missing the Super Bowl. Operators more than doubled their hold rate compared to the same month in 2025, with the Super Bowl alone accounting for $24.7 million of the monthly win. Total Pennsylvania gaming revenue, including iGaming, climbed 14.6% to $547.1 million for the month.

PA Sportsbook Revenue Surges 60.7% in February 2026

Gross Revenue Climbs Despite Lower Handle

Pennsylvania sportsbooks posted $54.5 million in gross revenue during February 2026, up sharply from $34 million recorded in February 2025, according to data reported by Covers [1]. The 60.7% year-over-year increase stands out because it came alongside a significant drop in total wagering volume. The total betting handle fell 21.7% year-over-year to $592.5 million, the lowest monthly handle recorded since August.

That combination of lower handle and higher revenue tells a clear story: operators won at a much higher rate in February 2026 than they did a year earlier. The Super Bowl was the primary driver of that improved hold performance. Bettors placed more money on the game, but the outcomes favored the house at a rate that more than doubled the prior year’s result.

The $592.5 million handle figure represents a notable contraction in wagering activity across the state. However, the revenue outcome demonstrates that handle volume alone does not determine operator profitability in any given month.

Handle Hits Lowest Point Since August

The 21.7% decline in Pennsylvania sports betting handle is significant context for understanding the February numbers [1]. A handle of $592.5 million is the weakest monthly total the state has recorded since August, signaling that fewer dollars moved through PA sportsbooks compared to recent months. The absence of the Philadelphia Eagles from the Super Bowl likely reduced local wagering interest in the game’s biggest matchup.

Despite that reduced volume, the revenue outcome was the strongest February on record for the state. The divergence between handle and revenue highlights how hold percentage can swing operator results dramatically, particularly during high-profile single events like the Super Bowl.

Super Bowl Hold More Than Doubles Year-Over-Year

$24.7 Million Super Bowl Win at 9.2% Hold

The Super Bowl contributed $24.7 million to Pennsylvania’s February sportsbook revenue, according to Covers [1]. Operators achieved a 9.2% hold on Super Bowl wagering, a figure described as more than double the hold rate from the previous year’s Super Bowl. That single event accounted for roughly 45% of the state’s entire monthly gross revenue.

A 9.2% hold rate is notably high for a major sporting event. Sportsbooks typically target hold rates in the range of 5% to 7% on NFL games, so a 9.2% result on the Super Bowl reflects outcomes that consistently favored operators over bettors. The prior year’s Super Bowl hold was less than half that rate, which explains much of the year-over-year revenue gap.

The Super Bowl’s outsized contribution to February revenue also means the underlying monthly performance, stripped of that single event, would look considerably more modest. Operators benefited from a combination of high wagering interest in the game and favorable results across the board.

Eagles Absence Shapes the Narrative

According to Covers, the Philadelphia Eagles missing the Super Bowl was a notable factor in the February story [1]. Pennsylvania bettors tend to wager heavily on Eagles games, and their absence from the championship reduced the local emotional investment that typically drives handle volume. Yet revenue still surged, driven entirely by the hold rate rather than wagering volume.

This dynamic illustrates a recurring tension in sports betting markets: a home team’s presence in a major event drives handle, but operator revenue depends on outcomes. In February 2026, Pennsylvania operators got the better end of that equation without needing the Eagles to be involved.

FanDuel Dominates the Pennsylvania Sportsbook Market

FanDuel led all Pennsylvania sportsbook operators in February 2026, recording a $191.5 million handle and $24.2 million in revenue, according to Covers [1]. FanDuel’s handle alone represented approximately 32% of the entire state’s wagering volume for the month. Its revenue of $24.2 million accounted for roughly 44% of total PA sportsbook gross revenue.

Those figures confirm FanDuel’s position as the dominant force in Pennsylvania sports betting. No other operator’s individual figures were cited in the source data, but FanDuel’s share of both handle and revenue places it well ahead of the broader market on a proportional basis.

FanDuel’s strong hold performance in February mirrors the statewide trend. The operator captured nearly half of all Pennsylvania sportsbook revenue while processing about one-third of the total handle, indicating it achieved a hold rate above the state average for the month.

Total Pennsylvania Gaming Revenue Reaches $547.1 Million

iGaming Drives Broader Market Growth

Total Pennsylvania gaming revenue, which includes iGaming alongside sports betting, rose 14.6% year-over-year to $547.1 million in February 2026, according to Covers [1]. That broader figure places the sports betting surge in context: the entire gaming market grew, not just sportsbooks. iGaming continues to be a major component of Pennsylvania’s overall gaming revenue picture.

The 14.6% total gaming growth rate is more modest than the 60.7% sports betting revenue increase, which reflects the fact that iGaming and other gaming verticals did not benefit from the same Super Bowl hold windfall. Sports betting’s outsized February performance pulled the combined total higher, but the underlying iGaming market contributed meaningfully to the $547.1 million result.

For players who prefer online casino gaming, Pennsylvania’s growing iGaming market means more operator competition and a wider range of available products. The state’s regulated online gaming environment continues to expand alongside its sports betting sector.

Key Takeaways

• Pennsylvania sportsbooks generated $54.5 million in gross revenue in February 2026, a 60.7% increase from $34 million in February 2025 [1].
• The Super Bowl contributed $24.7 million to February revenue, with operators achieving a 9.2% hold rate, more than double the prior year [1].
• The total PA sports betting handle fell 21.7% year-over-year to $592.5 million, the lowest monthly handle since August [1].
• FanDuel led all operators with a $191.5 million handle and $24.2 million in revenue for February 2026 [1].
• Total Pennsylvania gaming revenue, including iGaming, rose 14.6% year-over-year to $547.1 million in February 2026 [1].
• The Philadelphia Eagles’ absence from the Super Bowl was cited as a factor in reduced handle volume despite the revenue surge [1].

Frequently Asked Questions

The Bottom Line

February 2026 was a standout month for Pennsylvania sports betting revenue, but the story is more nuanced than the headline 60.7% growth figure suggests. Operators won big because of a historically favorable Super Bowl hold rate, not because more money flowed through the market. The handle actually contracted sharply, falling to its lowest point since August.

FanDuel’s dominance remains clear, capturing roughly a third of all wagering volume and nearly half of all operator revenue in a single month. The broader Pennsylvania gaming market, at $547.1 million in total revenue, continues to grow steadily with iGaming playing a significant supporting role alongside sports betting.

The February data confirms that single events like the Super Bowl can swing monthly revenue figures dramatically, making year-over-year comparisons in sports betting particularly sensitive to how those events resolve for operators.

Sources

1. [1]: Covers – Pennsylvania sports betting revenue data, handle figures, FanDuel operator results, Super Bowl hold rate, and total gaming revenue for February 2026.