As we approach the first anniversary of the WSOP’s launch in Pennsylvania, revenue data shows the online poker market PA would be down 20.4% year-over-year without the brand owned by Caesars.
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 small operators who entered the market three months ago WSOP – BetMGM Poker PA and Borgata Poker PA – have proven themselves over time. Each has held shares of approximately 9% and 3%, respectively, for each month since WSOP launched in July 2021.
Last check: June 2022
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Pennsylvania Poker Market Growth Slowing
Pennsylvania’s online poker market brought in $2.8 million in May, down 3.4% month over month ($2.9 million), but up 8% from compared to May 2021 ($2.6 million).
The year-on-year growth rate slowed from 34.9% in March to 22.8% in April. March marked the second-highest point in year-over-year growth for the market, just behind the 37.7% mark set in February 2021, when the market began to outperform the year. of the pandemic.
But the total revenue figures for almost the last year don’t paint the full picture. Online poker revenue would have hit just under $2.1 million in May without WSOP — a decrease of 20.4% compared to May 2021 and a decrease of 14.3% compared to 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 Mount Airy Casino, continues to dominate the market since its inception in November 2019. The operator brought in $1.7 million and held 61.7% of the market in May, down slightly from compared to $1.8 million and 62.1% in April.
WSOP PA snagged $739,000 in May, enough for a 26.3% stake in the market. Both figures were down from April ($771,000 and 26.5%).
BetMGM and Borgata complete the group. BetMGM brought in $255,000 and held 9.1% of the market in May, while Borgata had $83,000 in revenue and a 3% share. Revenues and market share for third- and fourth-place operators remained unchanged from April.
Borgata’s land partner is Rivers Casino Philadelphia, while BetMGM is licensed by Hollywood Casino.
WSOP had its best month for market share in February, the same month that PokerStars had its worst. The former soared to 30.5% that month while the latter slipped to 56.9%. PokerStars has since clawed its way back a bit at the expense of WSOP — the Flutter brand rose to 61.7% in May while WSOP fell to 26.3%.
WSOP Down in PA, but up in MI and NJ
WSOP PA was down month over month, but its sister poker rooms in Michigan and New Jersey fared better in May.
In New Jersey, data from the New Jersey Department of Gaming Enforcement shows revenue from the WSOP/888 network — which includes WSOP.com S.A., WSOP.com NJ, 888poker NJ and Delaware Park racino in Delaware had revenue of $864,000 in May, up 9.5% month over month ($789,000).
The performance of WSOP MI is harder to determine from the Michigan Gaming Control Board (MGCB) does not separate online poker revenue from online casino revenue.
However, an estimate by fuse poker — based in part on cash game traffic data provided by GameIntelan independent industry observer – shows WSOP MI grossed around $642,000 in May, up 10.3% from April ($634,000). The WSOP The MI poker room also appears to have boosted Caesars’ online casino revenue.