But PokerStars and its Mount Airy partner, which have had the market all to itself since it began in November 2019, saw its revenue slide for a fifth consecutive month.
Get started with $50 in free play after depositing $10 or more and get a huge 100% welcome boost up to $1000!
FUSEBONUSto get $10 extra in free play
Play on the best-known poker site with $50 in freeplay after one cash hand or get a 100% boost up to $600!
Kick things off with $25 with no deposit required and a big deposit boost up to $600!
Claim $25 worth of freeplay just for signing up and up to $600 in extra cash with the 100% welcome bonus!
The market could also expand further before year’s end. WSOP.com is expected to launch in the state soon in one of the biggest launches to the US online poker industry this year.
PokerStars Revenue Continues to Decline
PokerStars Pennsylvania held about 87% of the market and generated $2.3 million in revenue, down slightly from April and continuing a slide since December 2020, when it grossed $2.7 million.
To date, both the operator and the state’s online poker market peaked between March and July of 2020, coinciding with pandemic lockdowns and a surge in interest in the game. The peak hit $5.3 million in April 2020.
Overall poker revenue was down 43.5% year-to-year. But the market’s aberrative year-over-year rate showed signs it could stabilize in the coming months with the injection of fresh competition. The rate showed the market was down nearly 55% year-to-year in April.
First Full Month for BetMGM, Borgata
BetMGM PA, operating under the Hollywood Casino license, recorded $279k in revenue and took a 10.5% share of the market. Meanwhile, Borgata PA and its Rivers-Philadelphia partner grossed $67k and grabbed a 2.5% share.
The pair have combined to form a single player pool running on partypoker software to compete against PokerStars.
Together, the pair grabbed a 13% share of the Pennsylvania online poker market, PGCB data show. That lines up with earlier predictions based on extrapolated data from April that the pair could take at least 10% of the market in May.
Although both BetMGM and Borgata debuted in Pennsylvania in April, their numbers were considered preliminary because they only had a soft launch on April 28 and an official launch two days later, on the last day of the month.
All three days were midweek, which are always less busy than weekends. BetMGM and Borgata, respectively, grossed 20k and less than 7k in April.
More Changes Expected in 2021
WSOP PA is expected to launch in the state this summer and will run on 888poker’s new Poker 8 software. In March, 888 Holdings CEO Itai Pazner said the company would prioritize the launch of WSOP, through its partnership with Caesars, in both Pennsylvania and Michigan, “in the next few months.”
But Pazner added “that doesn’t mean that we will not launch 888poker in those states. It’s just not in the plan for the first launch of this year. We want to get the WSOP, which is a leading brand in the market today.”
Last month, 888 Holdings’ Senior Vice President and Head of US Yaniv Sherman told Poker Industry PRO in an exclusive that WSOP launches in Pennsylvania and Michigan were likely to occur by the end of H1 or sometime soon after, with Pennsylvania likely to launch first. Neither expansion was dependent upon resolving the Wire Act case in federal court.
Meanwhile, GGpoker’s parent company NSUS Group, was awarded an Interactive Gaming Manufacturer license by the PGCB in February. The license authorizes NSUS to offer its software technology for online casino or online poker in the Keystone State.
Before GGPoker would be allowed to offer its own brand in Pennsylvania, it would need to partner with a land-based casino or one of the state’s approved Qualified Gaming Entities. It would then need to obtain an Interactive Gaming Operator’s license from the PGCB. Alternatively, it could offers its platform to an existing operator. It is not clear yet how the European- and Asian-focused platform plans to utilize its authorization.
- Best bonusUp to $1000 deposit match bonus in the casino
- Top-rated slots and casino games
- Top-quality poker room that went live in May of 2021
- Sign up today and enjoy all your favorite games in one place