With the calendar changed to 2024, it’s time to turn the page to a new year. Pennsylvania online casinos are expected to have a huge showing in every way imaginable.
PlayPennsylvania lists the top stories to watch for in 2024.
How high could PA online casino revenue reach?
Despite revenue being one of the biggest stories in 2023, the topic will continue to be talked about this year, too.
PA online casinos broke three revenue records in these months last year:
- March: $181.5 million
- September: $187.3 million
- November: $191.9 million
These numbers beg the question of how high revenue totals could reach in 2024. The market is up to 20 online casino operators, with more on the way. It’s entirely possible that operators could reach $200 million of monthly revenue at some point in 2024.
Pennsylvania online casinos are on pace to surpass $2 billion in 2023 revenue. What can they do for an encore in 2024?
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New Pennsylvania online casinos to launch in 2024
The Pennsylvania market for online casinos keeps growing. Last year welcomed four new operators to the state, which include:
- Tropicana Casino PA (April)
- Bally Casino PA (June)
- Golden Nugget Casino PA (August)
- Jackpot City PA (December)
It remains to be seen if the state will welcome four more new PA online casinos this year. However, the two biggest names likely to enter the market are Fanatics and bet365.
Fanatics is on the verge of launching a sportsbook and online casino in the Keystone State. The company is most known for the sports apparel vertical of its business. Because of that, Fanatics has built a customer base of 95 million people worldwide.
Bet365 is the other notable name to potentially launch this year. The operator applied for a sports betting and online casino license in February 2023.
Pennsylvania live dealer competition heats up
Evolution Gaming, which powers live dealer games in Pennsylvania, has not had much competition to work with. That changed when another game manufacturer, Playtech, opened a brand new live dealer studio in the Keystone State last month.
Playtech has several games to offer players, which include:
- Prestige Roulette Lite
- Speed Roulette
- Baccarat 7 Seat
- Baccarat Squeeze
- VIP Baccarat
- Mini Baccarat
- Ultimate Blackjack
- Casino Hold’em
Perhaps Evolution felt the heat coming. The company debuted two live dealer games earlier this month, Super Sic Bo and Crazy Coin Flip. The former is already available on platforms, with the latter appearing at some point this year.
Evolution offers online casino staples such as blackjack, roulette, baccarat and craps. It has also experimented with the release of multiple game show titles in 2023, which include:
- Super Sic Bo
- Crazy Coin Flip
- Lightning Roulette
- Football Studio
It will be interesting to see what emerges from the live dealer vertical this year.
Can FanDuel catch DraftKings in PA online casino market?
DraftKings climbed to the top of the ladder in many gambling categories in 2023. The company announced it became the market share leader in the online casino space during a Q2 2023 earnings call.
DraftKings is going to have to keep its foot on the gas in 2024 because other operators are coming. Since the Pennsylvania Gaming Control Board (PGCB) does not break down revenue by operator, it’s difficult to see DraftKings’ exact total.
DraftKings is partnered with Hollywood Penn National, along with BetMGM, Hollywood and PointsBet. The license has generated $778.7 million in yearly revenue and $73.1 million in November.
FanDuel, on the other hand, announced it had become the No. 2 online casino operator in the US. That proved to be the case in November, when the operator partnered with Valley Forge Casino (along with Stardust Casino PA) produced $51 million in revenue.
Other stories that we didn’t see coming are also likely to arise. That should make for quite a newsworthy 2024.