DraftKings, Penn National Profit From Record-Breaking Pennsylvania December Sports Betting

DraftKings, Penn National Profit From Record-Breaking Pennsylvania December Sports Betting
Rhian Hunt, The Motley Fool
·2 min read

The sports-betting handle in Pennsylvania reached a record-breaking $548.6 million for the month of December 2020, the website Play Pennsylvania reports, with digital sportsbook providers such as DraftKings (NASDAQ: DKNG) and Penn National Gaming (NASDAQ: PENN) being among the beneficiaries. According to the report, Pennsylvania is now in third place for sports betting, behind New Jersey in first place and Nevada in second. Sports betting appears to be accelerating, with the previous record-setting month in Pennsylvania being November 2020, when the handle was $525.8 million.