Poker rate

In June, PA online poker rooms had the worst month of 2022 in terms of revenue

In June, PA online poker rooms had the worst month of 2022 in terms of revenue

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Pennsylvania online poker had its worst revenue month of 2022, hitting just $2.6 million in June.

Despite a month of declining revenue, data from the Pennsylvania Gaming Control Board (PGCB) show that in May and June this year, the market recorded its most stable annual growth rate since its inception – the market grew by 8% year-on-year in May (2.6 million dollars) and 7.6% in June (2.4 million dollars). ).

PokerStars PA still in the lead, but hits an all-time high

Online poker revenue was down 7.5% month over month ($2.8 million). PGCB the data also shows June 2022 was the lowest month for vertical revenue since July 2021, when revenue fell just under $2.6 million.

PokerStars PA has been the No. 1 online poker operator by revenue since the market began in November 2019. The past month has been no exception: the Flutter brand brought in a record $1.6 million in June.

Year-over-year, PokerStars – which operates under the land-based casino license of Mount Airy Casino – saw its revenue drop 19.6% ($2 million). PokerStars was down 50.5% from its April 2020 high ($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 revenue month in January ($2.2 million). Revenue for the first six months of 2022 totaled nearly $11 million, enough to carve out a 61.6% market share.

BetMGM PA and Borgata PA also hit record highs in June

With the exception of April 2021, when BetMGM Poker PA and Borgata Poker PA were both live for the last two days of the month, both operators also achieved record highs in revenue in June.

According to PGCB, BetMGM Poker PA brought in $227,000 in June, down 11.2% from May ($255,000). Revenue was also down 30.3% year over year ($325,000). BetMGM’s market share fell to 8.7% in June, from a peak of 13.5% reached a year ago, in June 2021.

Meanwhile, Borgata brought in $63,000 from online poker in June, down 25% from May ($83,000) and down 20.9% year-over-year ($79,000). . Borgata’s market share fell to 2.4% in June, from 3% in May and a peak of 3.8% in October 2021.

BetMGM and Borgata generated $2.1 million in revenue in June, representing an 11.5% market share.

BetMGM is licensed to operate in Pennsylvania through the land license of Hollywood Casino at Penn National Race Course. Borgata operates under the Rivers Casino Philadelphia license.

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WSOP BP down month on month

WSOP PA, Keystone State’s newest online poker room, had revenue of $692,000 in June, down 6.3% month-over-month ($739,000). It was the lowest WSOP month since December 2021 ($640,000), but earnings were also lower in the previous four months – July 2021 ($242,000), September 2021 ($603,000), October 2021 ($587,000), November 2021 ($649,000).

The best month of 2022 for WSOP was in March 2022, when it grossed $919,000. 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 Operator Revenues – First Six Months of 2022

Network operator Total Market share
PokerStars PA $10,979,139 61.6%
WSOP Pennsylvania $4,805,252 26.9%
BetMGM PA and Borgata PA (combined) $2,051,075 11.5%