While Pennsylvania online casinos are booming, another one is coming to the mix soon.
WynnBet Casino PA is the next platform to likely launch in the Keystone State, but it still has some steps to complete. What does that consist of and how is it doing in the other states it currently operates in?
WynnBet PA online casino status update
The Pennsylvania Gaming Control Board (PGCB) approved WynnBet’s online casino license in December 2022. Though the company got approval from the PGCB, WynnBet still needs to clear hurdles to be able to operate in Pennsylvania.
If there’s one thing to learn from launches, they often take time. PGCB Director of Communications, Doug Harbach, explained to PlayPennsylvania WynnBet’s next steps:
“WynnBet is working on completing the remaining PGCB requirements that would permit a test period to begin. Much of this is technical requirements that involve certifications by our gaming lab.”
Harbach noted that the PGCB is hopeful for a launch in the “near future.”
WynnBet would enter the PA market as only an online casino. The operator still has not applied for a sports betting license.
WynnBet entering among a crowd of PA online casinos
WynnBet will be one of five online casinos to enter the PA market at relatively the same time.
There are plenty more to come, with Fanatics Casino potentially being the next after successfully acquiring PointsBet’s US assets. Fanatics had to outbid DraftKings’ late offer to seal the deal.
Even with Fanatics taking PointsBet’s license, it still has steps to complete before launching its sportsbook and online casino.
Bet365 Casino is the only operator on the way whose license has not been approved yet. The company applied for an application in both verticals in February, which will be decided on at some point in the future.
PA has broken online casino records in four of the last eight months, without the infusion of new operators:
- October 2022: $151.7 million*
- November 2022: $155.9 million*
- December 2022: $166.9 million*
- January 2023: $160.3 million
- February 2023: $162.3 million
- March 2023: $181.5 million*
- April 2023: $167.2 million
- May 2023: $170.4 million
*indicates US iGaming record
It’s likely these numbers increase going forward with nearly 25 online casinos in the market.
WynnBet Casino’s revenue performance in other states
WynnBet operates an online casino in New Jersey and Michigan. It’s difficult to measure WynnBet’s success in New Jersey because the state reports revenue by license holder. Most of the May revenue was dominated by the license holders of Borgata ($44 million), Golden Nugget ($43.5 million) and Resorts ($41.7 million).
Caesars, who WynnBet is partnered with, generated $8.3 million in revenue. However, Caesars is also partnered with its own brand, WSOP and 888 Casino. WynnBet and Caesars likely drive much of the revenue for the licensee.
WynnBet Michigan is typically the sixth or seventh grossing online casino in the state. It’s averaged $5.08 million per month in revenue so far in 2023. WynnBet is behind several powerhouses such as BetMGM, FanDuel, DraftKings, BetRivers, Golden Nugget and Caesars.
WynnBet just launched an online casino and sportsbook in West Virginia last week. It now operates online casinos in three states and a sportsbook in 11.
It looks like Pennsylvania is next.