Pennsylvania online casinos continued to perform strongly into 2022, grossing a record $104.9 million in January, data from the Pennsylvania Gaming Control Board (PGCB) show.
The vertical was up 5.9% month-over-month ($99 million) and 34.8% year-over-year ($77.9 million). The previous record for online casino revenue was set in October 2021 ($100 million).
Barstool Casino PA, BetMGM Casino PA, and DraftKings Casino PA — all operators on the land-based Hollywood Casino license — continued to lead the vertical with $40.9 million in revenue, up from $40.2 million in December 2021 but, despite the increased revenue, the trio’s market share slipped to 39% — their lowest stake since August — down from 40.6% in December.
Operators on the Rivers-Philadelphia license — Borgata Casino PA and Rush Street Interactive (RSI) brands BetRivers Casino PA and SugarHouse Casino PA — had $27.3 million in revenue, up from $26 million. Market share for the Rivers group dipped to 26%, down from 26.3%.
In third place, Valley Forge Casino’s partners — FanDuel Casino PA and Stardust Casino, grossed $20.5 million, up from $18.5 million the month prior. Valley Forge grew its market share to 19.5%, up from 18.7% in December.
PA Poker Continues to Climb
After declining for three months in late 2021, revenue from Pennsylvania online poker rooms increased for a second consecutive month, reaching $3.4 million in January.
PGCB data show the vertical was up 10.7% month-over-month ($3.1 million) and 24.4% year-over-year ($2.7 million). January 2022 was also the highest month for poker revenue since May 2020, when the vertical grossed $4.6 million.
PokerStars PA continued to outpace its newer rivals in the space, grossing $2.2 million in January, up from $2 million in December 2021. The operator, on the license of the land-based Mount Airy Casino Resort, saw its poker revenue grow for the third consecutive month.
WSOP PA was second with $807k in revenue, up from $640k the month before. January was the second-highest month for revenue for WSOP, which is owned by Caesars. The operator’s market share climbed to 23.8%, up from 20.9% in December. The top month for WSOP was August 2021, when it grossed $819k.
BetMGM Poker PA — on the Hollywood Casino license — was third with $258k in revenue, down from $289k. Borgata Poker PA was in fourth with $87k in revenue in January, down from $90k in December. Borgata’s land-based partner is Rivers Casino Philadelphia.
Second-highest Month for PA Sportsbook Revenue
Two months removed from November’s record $76.3 million in revenue, Pennsylvania online sportsbooks had their second-highest month in January at $47.6 million. The vertical was up 35.4% from December ($35.1 million) and up 5.2% from one year ago ($45.3 million).
FanDuel Sports PA, Valley Forge’s partner, remained atop its rivals with $24.9 million in revenue, up 80.6 % month-over-month ($13.8 million). FanDuel’s market share grew to 52.2%, its highest stake since June 2021 (52.4%). It held a 39% market share in December.
Barstool Sportsbook and DraftKings Sports PA — operators of retail and online sportsbooks at the Hollywood Casino at The Meadows, respectively — grossed $8.3 million and held a 17.4% market share in January. Revenue was up from $8.1 million in December, but market share dropped from 23.1%.
BetMGM Sportsbook, on the Hollywood Casino Morgantown license, was third with $5.4 million in revenue in January, up from $5.2 million in December.
In fourth place was Hollywood Casino at Penn National Race Course, which uses Barstool for its online sports wagers, with $3.3 million in revenue. Barstool saw its revenue fall nearly 17% month-over-month ($3.9 million).
January also saw a record handle of $793.7 million. According to the PGCB, handle was up 5.5% month-over-month ($750.4 million) and was up 128% year-over-year ($348.4 million).