The Juice Is Reduced At BetRivers In Pennsylvania For Select NFL Games

Tired of putting up $110 to make $100 in profit on the Eagles or Steelers games? Then these BetRivers NFL specials might be for you.

The standard -110 odds at PA sportsbooks are the standard because there are some variances to them. There are some BetRivers NFL specials with that exact premise.

BetRivers Sportsbook in Pennsylvania has reduced the odds on some NFL wagers to -107. While that difference may not seem like much at first glance, it can actually be significant.

How these BetRivers NFL specials work

Each week, BetRivers in PA will select some markets for this reduced vig. Like any other marketing push from a sportsbook, it’s to entice bettors to make a bet that the book wants them to make.BetRivers reduced juice sports betting specials

Thus, you can assume the sportsbook feels pretty confident about the line these odds are attached to. For example, the sportsbook currently has the Green Bay Packers -3 against the Cincinnati Bengals this Sunday reduced to -107.

BetRivers probably feels pretty good about that line and fully expects Green Bay to beat the Bengals by at least four points. Does that make this a sucker bet? Not in the least.

This marketing push is also about getting new customers to sign up for BetRivers. Those new customers are worth more than the 3% “discount” that the sportsbook is offering.

That math is important to understand the value in this deal for bettors, though. Simply put, it means you can wager less to get the same payout if you’re successful.

Shop around for the best odds at PA sportsbooks

To realize the value of these deals, the important elements are handicapping and line shopping. For your handicapping, you should forget about these reduced-vig odds entirely.

Instead, pick your spots based on what the data and news tell you are the best bets to make on a given NFL game day. Then, once you’ve identified the moneylines, props, spreads, and totals you feel most confident about, it’s time to shop.

Survey all the PA sportsbooks you’re registered with and see which has the best odds on the bets you want to make. That may or may not be BetRivers. If you find a match with these reduced juice odds, then great.

That means you’ll only have to risk $107 (instead of $110) to profit $100 on a winning wager. With that extra three dollars, you can get the guacamole on your burrito.

Reduced vig makes a big difference over time

The reduced vig only really makes a difference if you win. The sportsbook keeping $107 or $110 of your bankroll because you made a losing bet is pretty negligible if you’re betting three figures.

Of course, if you’re wagering smaller amounts, this translates, too. To profit $50, for instance, you’d only need to stake $53.50 instead of $55. On larger wagers and over time, you can see how this reduced vig can add up to a big difference.

This difference isn’t enough to make bets you don’t feel good about. At the same time, there’s little reason to stake more than you have to in order to get the same profit. BetRivers gives you options toward that end here.

Lead image credit: AP Photo/Don Wright

PA iGaming Sites Soar Toward Record $100 Million Revenue In March

A huge spike in slots and table games, led by Penn National and Rivers iGaming brands, spurred a new record for PA online casinos in March.

PA iGaming reached new record highs in March 2021, flirting with $100 million in monthly revenue for the first time ever, according to numbers released by the Pennsylvania Gaming Control Board on Thursday.

Altogether, PA online casinos (online slots and table games) and online poker brought in $97.7 million, besting last month’s revenue of $77.8 million by a whopping 25.6%.

Last month, newly-launched Michigan got the nod for second in online casino revenue, behind New Jersey, but MI and PA were neck and neck.

While it’s not likely that Pennsylvania will surpass NJ in online casino revenue just yet, these numbers may help the Keystone State regain its second-place spot...at least for this month.

Breaking down PA online casino revenue in March 2021

After a strong and steady Dec.-Feb., the only months with revenue above $70 million, March brought all-time highs for slots and table games at Pennsylvania’s now 13 online casinos.

Online slots in March:

  • Total wagers: $1.8 billion
  • Revenue: $66.4 million
  • State tax: $22.6 million
  • County/local tax: $13.3 million

Online table games in March:

  • Total wagers: $1.5 billion
  • Revenue: $28.9 million
  • State tax: $4.0 million
  • County/local tax: $577K

Slot revenue saw a massive 31.3% revenue jump over the previous month, while online tables had a healthy 16.9% increase.

PokerStars PA, still the only online poker operator in the state, took a slight dip from February’s $2.5 million to $2.4 million in March revenue.

PA online casino leaders in March 2021

With relatively recent additions of BetMGM Casino and Borgata Online Casino, the PA iGaming market is zooming toward maturity. In PA, each land-based iGaming license holder can partner with up to three “skins” or online casino brands. As a result, it’s no surprise that Penn National remains a leader in online casino revenue. Penn now has Hollywood Casino, DraftKings Casino, and BetMGM Casino contributing to its online revenue. Those three sites combined for $33.6 million in revenue in March, a 20% increase over Feb.

Rivers Philadelphia is not far behind with its sister brands, BetRivers and PlaySugarHouse. Those two sites brought in $27.1 million in March revenue, representing a huge 50% increase over the previous month. Most of that growth came from slots, which brought in $22.6 million ($15.1 million in February).

The third place operator is Valley Forge Casino. With just one online gaming brand, FanDuel, VF took in $16.4 million in revenue. There is a large drop-off between FanDuel and the next highest revenue earner, Parx.

PA iGaming operator revenue in March 2021

Casino OperatorTotal RevenueSlots RevenueTable Games Revenue
Penn National (DraftKings, Hollywood, BetMGM)$33.6 million$22.2 million$11.4 million
Rivers Philly (SugarHouse & BetRivers)$27.1 million$22.6 million$4.4 million
Valley Forge (FanDuel)$16.4 million$7.1 million$9.3 million
Parx Casino$6.1 million$5.3 million$801,000
Mount Airy (PokerStars & Fox Bet)$4.8 million$2.9 million$1.9 million
Mohegan Sun Pocono (Unibet)$3.4 million$2.9 million$489,000
Harrah's Philly (Caesars)$1.6 million$1.3 million$298,000
Wind Creek Casino$1.4 million$1.4 million-$2,000
Presque Isle Downs (TwinSpires)$499,000$168,000$330,000
Live! Casino Philadelphia (PlayLive!)$426,000$396,000$30,000
Totals:$95.3 million$66.4 million$28.9 million

Lead image via Dreamstime.

PA Online Casino Revenue Surges Past $70 Million in December 2020 with Big Push from Penn

PA online casinos set new record highs in December 2020, helped along by retail casino closures and new additions like BetMGM.

The Pennsylvania Gaming Control Board announced a new monthly record for revenue generated by iGaming. December sports wagering handle was also the highest ever for PA.

Casino games online generated more than $71.6 million in gross revenue during December 2020 compared to just above $10.6 million a year earlier.

December easily eclipsed the previous revenue high for online casino gaming, set in October 2020 at more than $59.7 million.

Online casino and online table games together had revenue of nearly $68.9 million in December. By contrast, retail revenue collectively tallied just more than $59.2 million.

Tax revenue generated from internet gaming play during December 2020 was more than $29 million.

Closures much of month for retail hurt revenue

The record results for iGaming came during a month in which retail operations at casinos and video gaming terminals (VGT) went dark.

Operations ceased on December 12th and remained closed through the end of the month due to statewide COVID-19 restrictions.

Even before that, the number of retail slot machines in operation on Dec. 11, 2020 – the day before a forced closure – was only 16,957 compared to 24,116 at the casinos on Dec. 30, 2019, according to the PGCB.

Some key figures from the December 2020 revenue report:

  • Online casino revenue was up a staggering 730.2% year over year.
  • Land-based casino slots were down 77.5% YoY.
  • Internet table games revenue was up 776.9% YoY.
  • Retail table games were down 78.2% YoY (from $78.1 million in Dec. 2019 down to $17.1 million last month).

With the closures, the combined total revenue in December from all forms of gaming and fantasy contests was more than $168.7 million, representing a decrease of 42.2% compared to revenue generated in December 2019.

Online wagering boomed, set new records

Recent growth in online gaming streams helped offset what would have been a much larger drop in YoY revenue.

Combined revenue for online casinos, poker, and online sports betting was $104.5 million, or 61.9% of the total PA gaming revenue for December.

Online poker was up slightly at $2.7 million, compared to $2.4 million in November. There is still just one operator, PokerStars PA, via Mount Airy Resort.

VGTs hurt by forced closures

Truckstop VGT terminals were down 8.67% to $802,918. Like casinos, they were ordered closed much of December.

A year ago, in December 2019, VGTs brought in $879,153.

Sports wagering boomed with the highest monthly handle

PA sportsbooks had their best month ever in December. The month’s total sports wagering handle was nearly $548.6 million or 11.5% above the November total of $491.9 million.

December was the highest monthly handle ever, eclipsing the previous record $525.8 million wagered in October.

The taxable revenue figure for December 2020 was just above $34 million, or 8.8% below the November taxable revenue of more than $37.3 million, which remains the highest for any month to date.

With two years of operating history for sports betting in PA, the Keystone State is the No. 3 jurisdiction for sports handle behind Nevada and New Jersey.

Daily fantasy contests were off 12.34%, with revenue of just more than $3 million.

December PA online casino breakdown by operator

A complete breakdown of December revenue, including slots and table games by operator (online gaming license holder), can be found here:

Casino OperatorTotal RevenueSlots RevenueTable Games Revenue
Rivers Philly (SugarHouse & BetRivers)$19.3 million$15.9 million$3.4 million
Penn National (DraftKings Casino)$13.7 million$6.0 million$7.7 million
Valley Forge (FanDuel)$11.2 million$5.1 million$6.1 million
Mt. Airy (PokerStars & Fox Bet)$7.0 million$2.8 million$1.4 million
Penn National (BetMGM)$5.7 million$3.9 million$1.8 million
Parx Casino$5.0 million$4.6 million$418,000
Penn National (Hollywood Casino)$4.0 million$3.9 million$128,000
Mohegan Sun Pocono (Unibet)$3.1 million$2.1 million$963,000
Harrah's Philly (Caesars)$1.3 million$978,000$351,000
Wind Creek Casino$591,000$441,000$150,000
Live! Casino Philadelphia (PlayLive!)$400,000$327,000$73,000
Presque Isle Downs (BetAmerica)$164,000$151,000$13,000
Totals:$68.9 million$46.2 million$22.6 million

Casino operators by the numbers

The clear front-runners in the online casino race in PA remain Penn National, Rivers Philadelphia, and Valley Forge.

The top five PA online casinos for December revenue include:

  • BetRivers/PlaySugarHouse (Rivers Philly): $19.3 million
  • DraftKings Casino (Penn National): $13.7 million
  • FanDuel Casino (Valley Forge): $11.2 million
  • PokerStars/Fox Bet (Mount Airy): $7.0 million
  • BetMGM (Penn National): $5.7 million

New additions, Penn on the rise

Penn National has made a large leap when it comes to online casino market share in PA. With the addition of BetMGM Casino on Dec. 4 (through its Hollywood Casino Morgantown license), Penn now boasts three iGaming options in PA: Hollywood online casino, DraftKings, and BetMGM.

BetMGM got off to a strong start, posting the fifth-highest iGaming revenue out of the gate.

Other recent additions – Wind Creek casino and Live! Casino Philadelphia’s PlayLive! – were near the bottom at $591K and $400K in revenue, respectively.

BetRivers/PSH had the largest slot revenue at $15.9 million. DraftKings won the online table category at $7.7 million, with FanDuel just behind at $6.1 million.