Pennsylvania May 2022 – Agora Poker

Market Monitor: Pennsylvania May 2022

Market Monitor: Pennsylvania May 2022

The PA online poker market continues to grow, although the double-digit gains look to be coming to the end, the latest data provided by the PA Gaming Control Board indicate.

The four licensed online poker providers in the state reported a combined $2.8 million, up 8% year-over-year. This is, however, the lowest growth in ten months.

WSOP PA reported its first full month in August 2021, which has boosted the market. Taking this operator out of the equation, the market would be down year-over-year, from $2.6 million to just $2.1 million. In three months’ time, when the market laps this launch, it will be down year-over-year.

In particular, PokerStars (Mount Airy) is declining. While it remains the clear market leader, its revenue is down 23% year-over-year. In absolute terms, it generated $523k less in May 2022 than May 2021, and it has gone from controlling 100% of the market to only 62%.

It looks like most of this went to WSOP, which reported revenue of $740k and a 26% market share. Hollywood (BetMGM) held on to a 9% share; Borgata’s slice remains at just 3%.

Pennsylvania online casino revenue was up both month-on-month and year-on-year, with licensees reporting a collective $110.5 million. That is up 12% on the same month a year ago, though this is the worst annual performance yet. The market looks set to reach a point of maturity in the next couple of months.

Hollywood (BetMGM, DraftKings) still dominates the market, with $45.2 million in revenue, retaining a 41% market share.

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Author: wpadmin

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