But data from the Pennsylvania Gaming Control Board (PGCB) suggest the vertical will fall short of $2 billion in revenue in 2023.
August was the first month where the state’s two new Qualified Gaming Entities (QGEs), Bally Casino PA and Golden Nugget Casino PA, were live in the Keystone State.
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.
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.
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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