Without WSOP, PA Online Poker Market Would Be Down More Than 20% – Agora Poker

Without WSOP, PA Online Poker Market Would Be Down More Than 20%

Without WSOP, PA Online Poker Market Would Be Down More Than 20%

For the past 11 months, WSOP PA’s market share has come at the expense of PokerStars PA, with BetMGM and Borgata holding on tight. As the one-year anniversary of WSOP’s launch in Pennsylvania approaches, revenue data shows that the PA online poker market would be down 20.4% year-over-year without the Caesars-owned brand.

Data from the Pennsylvania Gaming Control Board (PGCB) also show that for the last 11 months, WSOP PA ‘s success has come entirely at the expense of PokerStars PA — which had the market all to itself until March 2021.

Two smaller operators that squeezed into the market three months before WSOP — BetMGM Poker PA and Borgata Poker PA — have proven resilient down the stretch. Each has held shares of about 9% and 3%, respectively, for every month since WSOP launched in July 2021. Last verified: June 2022 Pennsylvania Poker Market Growth Slowing

Pennsylvania’s online poker market grossed $2.8 million in May, down 3.4% month-over-month ($2.9 million), but up 8% from May 2021 ($2.6 million).

The year-over-year growth rate has slowed from 34.9% in March and 22.8% in April. March marked the second-highest point for year-over-year growth in the market, coming only behind the 37.7% mark set in February 2021, when the market began to lap the pandemic year.

But total revenue figures for nearly the last year don’t paint a complete picture. Online poker revenue would have come just under $2.1 million in May without WSOP — equating to a 20.4% decline from May 2021 and a 14.3% drop from June 2021 , the last month for the market without the operator. BetMGM Poker PA and Borgata Poker PA Stand Firm

PokerStars PA, on the land-based license of the Mount Airy Casino, has continued to lead the market since its inception in November 2019. The operator grossed $1.7 million and had 61.7% of the market in May, down slightly from $1.8 million and 62.1% in April.

WSOP PA reeled in $739k in May, enough for a 26.3% stake in the market. Both figures were down from April ($771k and 26.5%).

BetMGM and Borgata rounded out the group. BetMGM grossed $255k […]

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Author: wpadmin

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