Pennsylvania will be happy with the way its online poker industry has performed as the Keystone state has already recorded four months where iPoker revenues have touched the $2.5 million mark. This is a commendable achievement for Pennsylvania online poker market as online poker has been up and running for a little over a year.
The highest amount of revenue recorded was in April 2020 when a total of $5.3 million. One of the main reasons for this surge was the COVID-19 lockdown that resulted in the closure of all casinos and poker rooms across the state.
WSOP PA Boosts iPoker Revenues
The Pennsylvania Gaming Control Board (PGCB) announced that a total of $2.4 million was brought in via online poker revenues in the month of June. The number has increased in July as the total amount of online poker revenues surpassed $2.5 billion. One of the main reasons why there has been an increase in July is due to the performance of the WSOP in Pennsylvania.
WSOP PA is the latest online poker operator to enter Pennsylvania. The WSOP teamed up with Caesars Interactive Entertainment and carried out a soft launch on July 12. The soft launch lasted for a period of 4 days before WSOP PA went officially live on July 16.
The response has been great so far to the offerings and promotions from the WSOP PA and as a result, WSOP PA is now the third biggest online poker operator in Pennsylvania. The WSOP is competing with some big names including PokerStars which dominated the poker market in Pennsylvania for quite some time as it had exclusive access and monopolized the market.
WSOP PA Promotions Create Buzz
The competition started to heat up with BetMGM and Borgata entering the market. WSOP PA decided to launch with some exciting promotions that have been a hit with the PA market.
PA Players were welcome to WSOP PA with a $50,000 Depositor’s Freeroll promotion that gave them a chance to win a seat at the $10,000 WSOP Main Event at the Rio in Las Vegas, Nevada.
The WSOP then launched a WSOP gold bracelet tournament exclusively for PA players. A total of 8 WSOP bracelet events were scheduled for August 2021. This was the first time that the WSOP ran an exclusive WSOP bracelet event for the PA market. WSOP PA will continue to push hard to capture the top spot and become the number one online poker operator in Pennsylvania.
WSOP PA Pushing For Interstate Poker
WSOP along with 888 US Network currently has an interstate player pool with Nevada, Delaware, and New Jersey. WSOP PA is not part of the player pool because Pennsylvania is not part of the Multi-State Internet Gaming Agreement (MSIGA).
Given the success of the online poker market in Pennsylvania, there is a strong possibility that Pennsylvania and the PGCB will push to include themselves in the MSGIA agreement. If Pennsylvania does end up offering interstate poker, it would give WSOP PA a big advantage over the other online poker operators in the state.
Competition Continues To Heat Up In PA
PokerStars continues to be the number one online poker operator in the Keystone state. The online poker giant controlled nearly 76 percent of the market share in July and was responsible for generating close to $2 million in total revenues. When you look deeper into the numbers, it tells you a different story though.
PokerStars suffered its worst-ever month in July as revenues declined. The only other month where online poker revenues were lower was back in Feb 2020 when it brought in just $1.8 million in revenues. BetMGM Poker PA took second place in July bringing in revenues of $291,000 while Borgata Poker PA-controlled 3.3 percent of the market share bringing in $84,000 in revenues.
WSOP PA could soon take over the second spot and then make a push to dethrone PokerStars.