{"id":33114,"date":"2020-02-21T13:42:46","date_gmt":"2020-02-21T14:42:46","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=33114"},"modified":"2020-02-24T14:02:42","modified_gmt":"2020-02-24T14:02:42","slug":"pennsylvania-online-poker-revenue-declines-in-january","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/pennsylvania-online-poker-revenue-declines-in-january\/","title":{"rendered":"Pennsylvania Online Poker Revenue Declines in January"},"content":{"rendered":"

PokerStars<\/strong> was the first company to launch online poker in Pennsylvania<\/strong> in early November<\/strong> with much anticipation. December<\/strong> numbers showed promise with an uptick in revenue, but that declined in January<\/strong>.<\/p>\n

According to the Pennsylvania Gaming Control Board<\/strong>, Mount Airy Casino Resort\/PokerStars showed January poker revenue of $2.1 million<\/strong>. This number is down from December\u2019s $2.4 million<\/strong>.<\/p>\n

 <\/p>\n

<\/div>\n

Business is good for online gaming overall in PA<\/span><\/h2>\n

The PGCB\u2019s reported on Feb. 19<\/strong> that overall casino revenue in the state for January was $302 million<\/strong>. This represents a 17%<\/strong> revenue increase for the same month the previous year.<\/p>\n

In December, PokerStars hosted its first-ever Pennsylvania Championship of Online Poker<\/strong> (PACOOP<\/strong>) series. That may have led to the inflated revenue number.<\/p>\n

However, January\u2019s $2.1 million<\/strong> in poker revenue was higher than almost all individual casino online slot and table game revenue.<\/p>\n

Only Rivers Casino Philadelphia<\/strong> reported higher slot revenue with $2.4 million<\/strong>. So the good news is poker still remains one of the most popular online gaming options for PA residents.<\/p>\n

Sports betting is fueling the fire<\/span><\/h2>\n

The large increase in overall state casino revenue was primarily due to the booming sports betting<\/strong> industry. Sports revenue streams continue to expand and grow.<\/p>\n

PA offers live on-site sports betting along with mobile and online wagering<\/strong>. In January, $348 million<\/strong> was wagered on sports alone, a 1.7% increase<\/strong> over the previous month.<\/p>\n

This is the second season sports betting was legal in Pennsylvania for the Super Bowl<\/strong>. The board also reported preliminary figures showing $30.7 million<\/strong> wagered on Super Bowl weekend.<\/p>\n

\u201cLast year, the sports wagering market consisted of only six retail outlets,\u201d the PGCB notes. \u201cThis year, patrons could choose to place Super Bowl wagers at a dozen retail locations and through eight online wagering sites.\u201d<\/p><\/blockquote>\n

PokerStars operates FOX Bet<\/strong> for sports wagering in PA and helped ignite partner casino Mount Airy\u2019s revenue stream. Mount Airy reported $19 million<\/strong> in sports revenue in January, up from $12 million in January 2019.<\/p>\n

 <\/p>\n

<\/div>\n

PokerStars Bounty Builder could boost February numbers<\/span><\/h2>\n

PokerStars is currently in the middle of the Bounty Builder Series<\/strong>, which runs through March 1<\/strong>.\u00a0This could propel the site to a higher revenue for their February.<\/p>\n

The Pennsylvania series will have a $500,000 guarantee<\/strong> and includes buy-ins from $10 to $750. The series has 32 events that including a $300 Main Event<\/strong> with a $100,000 guarantee<\/strong>.<\/p>\n

The same series is also being run by PokerStars New Jersey<\/strong>, with a $300,000 guarantee<\/strong>.<\/p>\n

State of the US online poker market<\/span><\/h2>\n

Three states legalized poker in 2013. Nevada<\/strong>, Delaware<\/strong>, and New Jersey<\/strong> were the first to jump in the online market. It took six more years for Pennsylvania to go live. Players hope growth in Pennsylvania leads to more growth for the online poker industry.<\/p>\n

Currently, PokerStars is the only online poker operator in Pennsylvania, which has about 13 million residents.<\/p>\n

The World Series of Poker<\/strong> recently announced 14 online bracelet events<\/strong> this summer for players in Nevada and New Jersey. That produced some\u00a0 speculation that WSOP.com<\/strong> would launch soon in PA.<\/p>\n

However, WSOP officials have indicated that no launch is imminent. The same goes for partypoker. Both have filed for a license in the state.<\/p>\n

The post Pennsylvania Online Poker Revenue Declines in January appeared first on .<\/p>\n","protected":false},"excerpt":{"rendered":"

PokerStars was the first company to launch online poker in Pennsylvania in early November with […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"link","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","vebbtech_seo_disable_yoast":false,"vebbtech_seo_hide_author":false,"vebbtech_seo_hide_date":false,"vebbtech_seo_hide_factchecker":false,"vebbtech_seo_fact_check_enabled":false,"vebbtech_seo_post_reviewer":0,"vebbtech_seo_post_review_date":"","footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-33114","1":"post","2":"type-post","3":"status-publish","4":"format-link","6":"category-news-category","7":"post_format-post-format-link"},"acf":[],"yoast_head":"\nPennsylvania Online Poker Revenue Declines in January -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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