Pennsylvania Poker Revenue Was Down 8.5% in April
The latest gaming revenue reports in Pennsylvania show sighs the state poker market is beginning to struggle. Pennsylvania poker rooms earned 8.5 percent less last month than they did in April 2017, down to $4.62 million from $5.05 million a year ago.
Poker is Still Popular
In the rest of the United States poker is still as popular as ever, so what gives? Based on year-to-date revenue reports for the state poker market, it looks like April revenues reflect an increasing trend away from poker in the state.
State poker tables raked $19.41 million in the first four months of 2018, marking a drop of 4.7 percent compared to the same period last year. At the same time, neighboring Maryland has seen a dramatic uptick in revenue from its poker rooms.
The Online Poker Edge
While Pennsylvania may lose revenue when players go out of state to Maryland to play poker, the state will soon have the edge over the competition: online poker. Pennsylvania is slated to launch online poker later this year, which will help market state poker rooms and bring in new revenue.
Player Pool Sharing
New Jersey, Nevada, and Delaware launched online poker player pool sharing on May 1. The waters are already warm, and everyone is waiting for Pennsylvania to jump in. Like the other three states, Pennsylvania is expected to benefit from bigger online tournaments. The total combined player pool for regulated online poker will be around 26 million once Pennsylvania joins the sharing agreement.