In June, PA Online Poker Rooms Had Worst Month of 2022 for Revenue – PokerStars PA, BetMGM Poker PA, & Borgata Poker PA each set record lows in terms of revenue from online poker in June. WSOP PA was also down. Pennsylvania online poker suffered its worst month for 2022 in revenue, reaching just $2.6 million in June.
Despite a down month for revenue, data from the Pennsylvania Gaming Control Board (PGCB) show that in May and June of this year, the market recorded its most stable annual growth rate since its inception — the market was up 8% year-over-year in May ($2.6 million) and up 7.6% in June ($2.4 million). PokerStars PA Still Tops, But Hits Record Low
Online poker revenue was down 7.5% month-over-month ($2.8 million). PGCB data also show that June 2022 was the lowest month for revenue in the vertical since July 2021, when revenue fell just short of $2.6 million.
PokerStars PA has been the top online poker operator in terms of revenue since the market began in November 2019. The latest month was no exception — the Flutter brand grossed $1.6 million in June, a record low.
Year-over-year, PokerStars — which operates under the land-based casino license of the Mount Airy Casino — saw revenue decline 19.6% ($2 million). PokerStars was down 50.5% from its peak in April 2020 ($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 month for revenue in January ($2.2 million). Revenue through the first six months of 2022 totaled nearly $11 million — enough to carve out a market share of 61.6%. BetMGM PA and Borgata PA Also Hit Record Lows in June
Excluding April 2021, when BetMGM Poker PA and Borgata Poker PA were both live for the last two days of the month , both operators also hit record lows for revenue in June.
According to the PGCB, BetMGM Poker PA grossed $227k in June, down 11.2% from May ($255k). Revenue was also down 30.3% year-over-year ($325k). BetMGM’s market share shrank to 8.7% […]
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