Pennsylvania generated a US record total of $187.3 million in September online casino revenue. It broke the previous record of $181.5 million the state set back in March.
A big reason for the surge in revenue is because of Golden Nugget PA launching as a new platform in August.
The new app has taken the bull by the horns and has produced impressive totals so far, contributing to the all-time month for PA online casinos.
Golden Nugget PA nets $6.4 million in September revenue
While Pennsylvania broke an online casino revenue record for a single month, it wouldn’t have occurred without the help of Golden Nugget.
The platform entered the state as a Qualified Gaming Entity (QGE), meaning that it did not have to partner with a land-based casino to go live. The Pennsylvania Gaming Control Board (PGCB) approved Golden Nugget’s petition to operate in June and then licensed the gaming provider during a July board meeting.
Golden Nugget got off to a modest start after launching in August. The operator finished last in August revenue, which is to be expected.
However, Golden Nugget climbed the ranks quickly in September. The app produced $6.4 million in total revenue, above more seasoned operators such as:
Golden Nugget also finished well above Bally Casino PA, which generated $2.2 million in revenue. This was impressive because the latter went live just a month prior, as well.
Golden Nugget to compete with other surging PA online casinos
Golden Nugget’s September performance immediately put itself in competition with the second tier of operators.
It’s going to be tough for the brand to compete with DraftKings Casino PA, BetMGM Casino PA and FanDuel Casino PA, which lead the market in Pennsylvania. However, there are other operators that Golden Nugget is immediately competing with.
Golden Nugget finished September just behind betPARX Casino PA and those under the Harrah’s Philadelphia license, which consists of Caesars Casino PA and Tropicana Casino PA. Golden Nugget finished in the top six of licenses, which looked like:
- Hollywood Penn National: $75 million
- Valley Forge: $42.4 million
- Rivers Philadelphia: $34.6
- Harrah’s Philadelphia: $7.5 million
- Parx: $6.4 million
- Golden Nugget: $6.4 million
Since many of the licenses operate multiple online casinos, it’s difficult to tell exactly the revenue totals they produce. For example, the Hollywood Penn National license is made up of DraftKings, BetMGM, Hollywood, Barstool and PointsBet.
It’s more than likely that Golden Nugget is competing with, or is even ahead of operators not named DraftKings or BetMGM.
Out of 20 platforms available in Pennsylvania, Golden Nugget has already shown itself as a top-half competitor. With a strong online presence in New Jersey and Michigan, expect Golden Nugget to keep making inroads in the Keystone State.