FanDuel Dominates Again in Pennsylvania’s iGaming Market
Online gaming in Pennsylvania continues to thrive. After launching in the summer of last year, online poker and casino games have been a big hit, as players log on to enjoy table games and slots. The regulators in Pennsylvania have released the February revenue totals, showing that the industry brought in almost $19.5 million in earnings. This was a 39.6% increase from January, with $6.8 million in taxes paid from February totals.
Online and Retail Totals
Online gaming continues to increase in the state, and retail casinos saw a nice month as they were open in February, before the coronavirus outbreak was full blown. Slots in the state brought in almost $200 million which was just over 5% more from the same month last year. Table games were a bit lower at $77.4 million. However, this was an increase of 4.6%.
For the iGaming sector, the top operator is FanDuel. After starting services on January 24th after partnering with Valley Forge Casino, FanDuel has been quite successful with their online casino gaming. For February, $94 million in wagers were placed in just eight days and the majority of that, over $84 million came from table games.
During their first full month of service in February, the operator was able to bring in around $6.1 million in earnings, easily outperforming SugarHouse, who brought in $4.8 million in revenues. When it comes to total wagers, FanDuel saw $279.3 million in bets placed while SugarHouse was a bit lower at $194.7 million.
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Breaking down their earnings, FanDuel saw $1.2 million in slot revenues from $40.7 million wagers placed. For table games, $238.6 million was wagered while $4.8 million was generated.
Hollywood was another big winner in the online gaming industry, seeing $46.2 million in slot wagers with $2.2 million in revenues earned. Table games generated $26.4 million with only $150,000 in earnings.
Parx Casino showed just over $278 million in total wagers with over $2 million in revenues. PokerStars also did well, seeing $24.8 million in slot wagers and $48.1 million in table bets. The brand generated over $1.3 million in revenues. Unibet and BetAmerica rounded out the gaming industry, coming in on the lower end in total wagers and revenues.
Online Poker Gaming
In the state, only PokerStars are currently offering online poker gaming. With just one operator for many months, PokerStars is the only option for players who want to participate in cash gaming or tournament options. in February, the brand did see a small downturn from the previous month, with $1.8 million in revenues generated.
For the next month, the online poker numbers should be increased. The coronavirus pandemic has caused more people to be at home, due to trying to social distance and/or job loss. The PA SCOOP is an online poker series about to take place in the state, set to begin on April 4th.
The Series is offering $2 million in prize money and as more people stay home, it is expected that players will be logging on in record numbers. This will help the brand to see an upturn once again in revenue totals.
The brand may also have competition soon as Harrah’s Philadelphia has a poker license and they might decide to launch sooner rather than later if the market proves to be lucrative. There is also potential for the WSOP to launch in the state via Caesars Entertainment.