Lessons Learned for Pennsylvania from the Operator’s Revenue Reports for New Jersey
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Online casino income by licensee has always been disclosed by the Pennsylvania Gaming Control Board (PGCB) and the New Jersey Division of Gaming Enforcement (DGE). But earlier this month, the DGE announced a new reporting structure that included each operator’s profits, reversing its previous position.
According to the PGCB, it is “not planning to update” the manner in which PA online casino income is reported. In terms of revenue, Pennsylvania is without a doubt the top online casino market. Despite this, the PGCB’s reporting methodology makes it difficult to determine the precise contributions made by each operator.
This week, revenue totals from both states were released.
We may use the Garden State’s data to estimate how the online casino business plays out in the Keystone State, as New Jersey and Pennsylvania probably share players that cross the border.
The Top Revenue-Generating Companies in the New Jersey iGaming Industry
Online casinos in Pennsylvania brought in $233.1 million in revenue in March, surpassing the $197.2 million earned by casinos in New Jersey. They were both official documents.
There are probably a significant number of players that go over the state line every week, if not every day, between New Jersey and Pennsylvania. The Garden State research might help us understand the Keystone State market better.
In New Jersey, FanDuel and DraftKings came to a deadlock, with FanDuel winning. The top five operators concluded as follows:
- FanDuel: $41.6 million
- DraftKings: $41.2 million
- BetMGM: $22.1 million
- Borgata: $18.2 million
- Caesars: $13.1 million
All five of those operators are also accessible in Pennsylvania.
The Keystone State has twenty-one live operators, whereas New Jersey has thirty-one. The only platforms with double-digit revenue totals in March are the five operators listed above.
