Pennsylvania Online Casino Revenue Hits $100 Million Mark

Vertical shows no signs of slowing; Meanwhile, monthly revenue falls 2.4% for poker and 8.2% for online sportsbooks in October.
Pennsylvania Online Casino Revenue Hits $100 Million Mark
By
November 24, 2021

Online casino revenue in Pennsylvania hit the $100 million mark right on the nose in October, although the excitement was partially offset by a month-to-month slip in revenue from the state’s regulated poker rooms and online sportsbooks, data from the Pennsylvania Gaming Control Board (PGCB) show.

PA online casino revenue was up 5.4% month-to-month and 74.5% year-to-year. The vertical has hit record highs four times in 2021, continuing an upswing that began in December 2020 and shows no signs of abating.

FanDuel casino revenue surges

The online casino operators on the license of Hollywood Casino at Penn National Race CourseBetMGM Casino PA, DraftKings Casino PA and Penn National’s Barstool brand — had $40.3 million in revenue in October, up from $38.4 million in September. Hollywood’s market share was unchanged at 40.5%.

Meanwhile, Rivers Casino Philadelphia and its partners — Borgata Casino PA and two brands from Rush Street Interactive, BetRivers Casino PA and SugarHouse Casino — had $26.2 million in revenue and 26% of the market, both slightly down from September, when it had $26.6 million and 28%.

FanDuel Casino and Stardust iCasino, which are on the Valley Forge Casino license, grossed $18.8 million and held about a 19% share of the market in October, up from $15.8 million and 16.5% in the previous month.

October was very similar to September for the state’s seven smallest online casino operators, PGCB data show. The operators had a combined $14.8 million in revenue and held 14.8% of the market in October. Those figures were $14.1 million and 14.9% in September.

WSOP PA maintains second place in poker

Revenue from the Keystone State’s regulated online poker rooms took a 2.4% dip to $2.9 million in October, but the vertical was up 17.8% year-to-year.

October was also poker’s third-best month in terms of monthly revenue in 2021. It was also one of seven months from the year where there was an operator other than PokerStars PA. The recent competition may have stunted PokerStars’ growth — it has yet to exceed the $2.4 million mark it hit last March.

Nevertheless, PokerStars, which is on the Mount Airy Casino Resort license, remained the state’s top online poker room in terms of revenue and market share at about $1.9 million and 65%. Both figures were down from $2.0 million and 67% in September.

A whole month of WSOP events helped WSOP PA maintain its second-place position for a third month in a row. The Caesars’-owned operator had $587k in online poker revenue, down from $603k in September. Market share was unchanged at about 20.5%.

In third place, BetMGM Poker PA grossed $303k and held 10.5% of the market in October, up from $271k and 9.5% the month prior. Fourth-place operator Borgata Poker PA also saw its revenue and market share increase to $108k and 4%, up from $93k and 3%.

Barstool, DraftKings boost The Meadows

Online sportsbook revenue fell 8.2% month-to-month to $37.5 million in October, despite the month having an extra weekend for college football and NFL action. The vertical was also down 9.5% year-to-year. But it was the fifth-highest month for sports betting revenue in 2021.

FanDuel Sportsbook PA and Valley Forge were tops with $19.3 million in revenue and 51.5% of the market. Both figures were down from $21.2 million and 52% in September.

Hollywood Casino at The Meadows, which rebranded in October, had a huge month. They powered into second place with $9.6 million in revenue and 25.5% of the market, up from $5.1 million and 12.5%. Meadows is partnered with Barstool and DraftKings for retail and online sportsbook, respectively.

Meanwhile, BetMGM Sportsbook PA, partnered with Hollywood Casino Morgantown, had $4.3 million in revenue and 11.5% of the market, down from $5.6 million and 13.5% in September.

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