PA Online Casinos Show Yearly Growth, But Sports Betting Revenue Drops

PokerStars PA, BetMGM Poker PA, & Borgata Poker PA hit record lows for revenue in June. All three PA online poker rooms were also down double-digits year-over-year, due to launch of WSOP PA.
graphic illustration of an up arrow with a percent sign and a down arrow with a percent sign. PokerStars PA, BetMGM Poker PA, & Borgata Poker PA hit record lows for revenue in June, due in part to launch of WSOP PA.
July 21, 2022

Real money online casinos in Pennsylvania continued to show healthy growth year-over-year in June, despite a decline of more than 9% month-over-month, data from the Pennsylvania Gaming Control Board (PGCB) show.

While online poker grew at a modest pace from the year before, revenue from online sports betting shrunk by more than 40% year-over-year. June revenue was less than half of what it was the month prior.

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Sports Betting Revenue Down 42.5% Year-Over-Year

Revenue from online sportsbooks in Pennsylvania totaled $21.6 million in June, down 52.1% from May ($45.1 million), according to the PGCB. Although June is usually one of the slowest months for sports betting, revenue was down 42.5% year-over-year ($37.6 million).

Valley Forge Casino, which partners with FanDuel Sports PA, led the vertical with $10 million in revenue in June. But revenue was down 60.3% from May ($25.1 million) and was also off 49.3% from June 2021 ($19.7 million).

Barstool Sportsbook and DraftKings Sports PA, which both operate under the land-based casino license of Hollywood Casino at the Meadows, were second in the vertical with $3 million in revenue in June, down 62.5% from May ($8.1 million) and down 52.7% year-over-year ($6.4 million).

Hollywood Casino Morgantown’s online sportsbook, BetMGM Sportsbook PA, grossed $2.6 million in June, a decrease of 20.4% month-over-month ($4.5 million). The sportsbook was down 19.7% year-to-year ($3.2 million).

June was the lowest month for overall online sportsbook revenue — and Valley Forge, too — since February 2022. Total revenue was $21.5 million that month, while Valley Forge grossed $6 million. June was also the worst month for the Meadows partners since September 2020 ($1.1 million) and Morgantown since August 2021 (also $2.6 million).

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Record Lows for Poker at BetMGM, Borgata, and PokerStars

PA online poker apps made $2.6 million in revenue in June. That marked a 7.5% decline month-over-month ($2.8 million), but revenue was up a modest 7.6% year-over-year ($2.4 million). It was the lowest month for revenue since July 2021, when it also totaled $2.6 million due to rounding.

PokerStars PA, the perennial leader in the vertical, led the way again in June with $1.6 million in revenue — a record low. Revenue for the Mount Airy Casino partner was down 6.7% from May ($1.7 million) and was off 19.6% from June 2021 ($2 million).

Excluding the two days they were both live at the end of April 2021, the BetMGM Poker PA App and Borgata Poker PA — which operate under the land-based licenses for the Hollywood Casino at Penn National Race Course and Rivers Casino Philadelphia, respectively — also hit record lows for monthly revenue in June.

BetMGM grossed $227k from poker in June, down 11.2% from May ($255k). Meanwhile, online poker brought $63k to Borgata, 25% less than it made the month prior ($83k). BetMGM was off 30.3% year-over-year ($325k) while Borgata was down 20.9% ($79k).

The newest online poker room, WSOP PA, grossed $692k in June, down 6.3% from May ($739k). It was WSOP’s lowest month since December 2021 ($640k). Five months since its July 2021 launch were also lower for revenue.

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Online Casino Revenue Up 16% Year-Over-Year

It wasn’t all bad news in June — online casino revenue, which totaled $100 million, was up 16% year-to-year ($86.5 million). Revenue was also up year-over-year for two of the state’s three most prominent online casino operators.

Overall online casino revenue was down 9.2% from May ($110.5 million). It was the lowest month for the vertical since February 2022 ($99.5 million).

Operators on the Hollywood Casino license — Barstool Casino PA, BetMGM Casino PA, and DraftKings Casino PA — had $41.8 million in revenue in June, down 7.6% from May ($45.2 million) but up 21% from June 2021 ($34.6 million).

Rivers’ partners of Borgata Casino PA, BetRivers Casino PA, and SugarHouse Casino PA were in second place with $25.4 million in June revenue, down 5.4% from May ($26.9 million). But the group increased its revenue from $23.3 million in June 2021, a 9.3% increase year-over-year.

Valley Forge’s online casino partners — FanDuel Casino PA and Stardust Casino — made $18.4 million in June, down 13.1% from the preceding month ($21.1 million). They were also down year-over-year by 1.7% ($15 million).

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