Casino continued to be the strongest performing vertical in Pennsylvania’s online market in December, while sports betting GGR slumped to a four-month low.
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After almost doubling in November, online casino revenue rose even further in December, landing at $13.1m for the month, up from $9.7m the previous month.
While slots revenue rose to $5.6m from $5.1m the previous month, table games continued to account for most of the surge, growing by more than 90% in December to reach $5.0m, up from $2.6m in November.
The Stars Group – via its partnership with Mount Airy – was the biggest driver of the market’s growth in the final month of the year, having launched the previous month.
At present the only provider of online poker in the state, the operator generated $2.5m in revenue via the vertical in December, a 25% rise from the $2.0m it took in November.
Taken together with the $4m in revenues it brought in from slots and table games, this saw Stars establish itself as the new online casino market leader in Pennsylvania, with its 38% share easily overtaking former leader Rivers Casino, now at 28%.
Penn National and Parx also saw slight falls in their market shares, while Mohegan continued to gain ground, rising to 3.8% from 1% the previous month.
While casino performed well, things were less rosy on the sports betting front, with online GGR falling to $8.4m, a 26% drop on November’s $11.4m.
In contrast with the previous month, in December online saw much bigger falls than land-based betting, which was relatively stagnant at $3.0m against $3.3m in November.
The impressive figures of the first month of the DraftKings/Meadows Casino partnership in November were not replicated, with Meadows’ market share falling to 6.5% in December, down three percentage points from November.
Rival FanDuel also fell back in the final month of 2019, with its market share – via its Valleys Forge partnership – falling to 36.1% from 39.6% the prior month.
However, Rivers fared better in sports betting than it did in casino, gaining ground at both its Philadelphia and Pittsburgh properties. The former rose to a market share of 14.8% (from 10.8% in November), while the latter strengthened to 17.6%, from 11.0% a month earlier.
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A European corporate advisory firm, Ficom Leisure is a specialist in all segments of the betting and gaming sector.