The Hollywood Penn National online casino license experienced a sharp month-over-month revenue increase in February. The license, made up of DraftKings, BetMGM, Fanatics and Hollywood, produced $84.3 million in monthly revenue in February.
The four operators boasted their best month ever.
The Pennsylvania Gaming Control Board does not break down revenue by operator. However, it’s likely that Fanatic made a sizable impact in its first full month as a PA online casino under the Hollywood license.
Hollywood Penn National licensee paces state, post record February revenue
It’s no surprise that a licensee comprised of DraftKings Casino PA and BetMGM Casino PA teaming together is going to lead the market in revenue. But smaller and newer operators, such as Hollywood Casino PA and Fanatics Casino PA, are carrying their weight, too.
Hollywood Penn National generated just $64.9 million in January, the lowest total since July 2023. Over the last several months, the licensee has been around the $75 million mark:
- October: $73.1 million
- November: $73.1 million
- December: $76.8 million
- January: $64.9 million
Despite the slow January, February’s burst of $84.3 million represented a nearly 30% month-over-month increase.
While slots is the state’s bread and butter, table games stole the show last month. Operators produced a record $56.6 million in table games revenue, a 53.4% month-over-month increase.
The Hollywood Penn National licensee recorded $29.8 million in table games revenue, up from $12.8 million in January.
It’s entirely possible that Fanatics made a significant impact in Pennsylvania in its first full month
Fanatics’ potential impact on Keystone State online casino market
Fanatics launched an online sportsbook and casino with tons of hype in late January. After the first full month of operation, it’s much easier to assess the new operator’s performance in the state.
Fanatics had a good start in the sports betting vertical, posting nearly $16 million in handle last month. Since the PGCB does not report revenue by operator, it’s difficult to measure the exact output of Fanatics’ online casino.
However, Fanatics already has brand awareness that the majority of new operators don’t have. One could guess that Fanatics helped Hollywood Penn National achieve north of $80 million in revenue last month.
Perhaps the increase in table games revenue can be traced back to Fanatics, which has its own branded blackjack game. Chief Product Officer Scot McClintic told PlayPennsylvania back in December that Fanatics put a huge emphasis on its blackjack game:
“We really focused on making the blackjack experience have that premium feel. All of the details from how the cards flip over, the speed, the animation were painstakingly thought through.”
Fanatics has several other table game titles, including live dealer, and slots that are attractive to casino players. The operator also allows players to rack up FanCash, which can be redeemed as bonus bets or merchandise on its website. Players can earn FanCash the following ways:
- Slots: 0.5% of wager
- Table games: 0.13% of wager
Fanatics has a chance to be more than a solid operator in the Keystone State. It’ll be interesting to see how Fanatics continues to evolve as a gambling company.
