But data from the Pennsylvania Gaming Control Board (PGCB) suggest the vertical will fall short of $2 billion in revenue in 2023.
The market has exceeded the $130 million mark for five of the last six months, including in May, data from the Pennsylvania Gaming Control Board (PGCB) show.
Was it a hangover? After several operators and the entire vertical broke records in March, all of Pennsylvania’s online casinos saw revenue slip in April — except for one that made $154 more.
Pennsylvania’s online casinos hit a record-breaking $145.3 million in March, led by the “Big Three” licensees.
PA’s 18 online casinos combined for $129 million in revenue in February, down 1% from the previous month.
A record month by FanDuel Casino PA helped propel the vertical to its best January to date with $29.7 million in revenue.
The vertical was up 23% year-over-year, but its growth rate continues to slow as the pandemic moves further into the past. PA online casinos combined for a record $131.9 million in December.
Revenue from PA online casino gaming is already up 11% year-over-year without including December. Data show the market is growing, but at a slower pace.
With Golden Nugget already live in Michigan, New Jersey, & West Virginia, one option remains — to launch on parent DraftKings’ platform in Pennsylvania.
Gaming attorney Jeff Ifrah said it might be easier to get West Virginia to join the Multi-State Internet Gaming Agreement (MSIGA), but WV doesn’t have any online poker operators yet.
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