Pennsylvania sports betting ranks third in nation
Pennsylvania is one of the top three sports betting states in the nation, trailing behind only New Jersey and Nevada.
Why it matters: Both the state and counties collect tax revenue from sports betting, 34% and 2% respectively.
Driving the news: Pennsylvania generated more than $63 million in sports betting revenue in November, the latest state data available.
- Since November 2018, players waged $10.9 billion on sports statewide.
Of note: The commonwealth accepts both mobile and in-person sports wagering.
Flashback: Pennsylvania made sports betting legal six months after the U.S. Supreme Court struck down the federal ban on sports gambling in May 2018.
- The state had moved to legalize online betting and fantasy sports as early as 2017, but the issue was held up by the federal court case.
Zoom out: A total of 30 states and Washington, D.C., have live legal sports betting markets, while 18 states and the district allow mobile betting.
- Pennsylvania is one of the 15 states that allows both.
What's ahead: The next month is set to break more wagering records with the NFL playoffs and college football championships, Axios' Jeff Tracy writes.
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