Pennsylvania online poker apps suffered their worst month for 2022 in revenue, reaching just $2.6 million in June.
Despite a down month for revenue, data from the Pennsylvania Gaming Control Board (PGCB) show that in May and June of this year, the market recorded its most stable annual growth rate since its inception — the market was up 8% year-over-year in May ($2.6 million) and up 7.6% in June ($2.4 million).
PokerStars PA Still Tops, But Hits Record Low
Online poker revenue was down 7.5% month-over-month ($2.8 million). PGCB data also show that June 2022 was the lowest month for revenue in the vertical since July 2021, when revenue fell just short of $2.6 million.
PokerStars PA real money online poker has been the top operator in terms of revenue since the market began in November 2019. The latest month was no exception — the Flutter brand grossed $1.6 million in June, a record low.
Year-over-year, PokerStars — which operates under the land-based casino license of the Mount Airy Casino — saw revenue decline 19.6% ($2 million). PokerStars was down 50.5% from its peak in April 2020 ($5.3 million), at the height of the pandemic. It was also down 6.7% from May ($1.7 million).
So far, in 2022, the operator had its best month for revenue in January ($2.2 million). Revenue through the first six months of 2022 totaled nearly $11 million — enough to carve out a market share of 61.6%.
BetMGM PA and Borgata PA Also Hit Record Lows in June
Excluding April 2021, when BetMGM Poker PA and Borgata Poker PA were both live for the last two days of the month, both operators also hit record lows for revenue in June.
According to the PGCB, BetMGM Poker PA real money games grossed $227k in June, down 11.2% from May ($255k). Revenue was also down 30.3% year-over-year ($325k). BetMGM’s market share shrank to 8.7% in June, down from a peak of 13.5% set one year ago, in June 2021.
Meanwhile, Borgata grossed $63k from online poker in June, down 25% from May ($83k) and 20.9% year-over-year ($79k). Borgata’s market share slipped to 2.4% in June — compared to 3% in May and a peak of 3.8% in October 2021.
In 2022, BetMGM and Borgata accounted for $2.1 million in revenue through June, which equals an 11.5% market share.
BetMGM is authorized to operate in Pennsylvania through the land-based license for the Hollywood Casino at Penn National Race Course. Borgata works under the Rivers Casino Philadelphia license.
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WSOP PA Down Month-over-Month
WSOP PA, the newest online poker room in the Keystone State, had $692k in revenue in June, a decrease of 6.3% month-over-month ($739k). It was WSOP’s lowest month since December 2021 ($640k), but revenue was also lower in four previous months — July 2021 ($242k), September 2021 ($603k), October 2021 ($587k), November 2021 ($649k).
The best month of 2022 for WSOP was March 2022, when it grossed $919k. WSOP has made $4.8 million so far in 2022 in online poker revenue, enough for a 26.9% market share.
So far, in 2022, Pennsylvania’s four online poker operators have brought in $17.8 million.
PA Online Poker Operators Revenue — First Six Months of 2022
|BetMGM PA and Borgata PA (Combined)||$2,051,075||11.5%|
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