Pennsylvania’s Online Poker Marketplace Forecasting

At the end of October of 2017, the Pennsylvania will become the fourth state of U.S. to legalize Internet gambling. The Senate and House of Representatives of the state have shown a green signal for the game and have approved a gaming bill on which Governor Tom Wolf will and make it a law.

Chris Grove, Gaming industry analyst who publishes OnlinePokerReport and news for other online gaming outlets, after this move of the state, predicts an almost immediate increase in revenue of the state. He estimated that the state will get the immediate revenue of $120 million all from the licensing fees itself.

The expected market

It is true that gross gaming revenue (GGR) as well as the player’s pool size is difficult to predict, but one of the way to measure it is by examining the estimated advertising expenditures and the total size of the market. One can anticipate that the major online poker platforms that are operating in New Jersey such as 888poker, PokerStars and PartyPoker, should all be operating in the Keystone state.

According to the United States Census (USC) of 2010, Pennsylvania is the state of the US that ranks sixth in population with the population strength of 12.7 million. The state is behind Texas, California, New York, Illinois and Florida.

The population of the state is almost similar to three states of Nevada, New Jersey and Delaware that offers licensed online gaming, and nearly 43 percent more than the population of Garden State approximately 9 million.

As per the New Jersey Division of Gaming (NJDG) on September 2017 the Gaming Revenue Results (DRR), the online operators of New Jersey have generated approximately $20 million during the first three-quarters of 2017. If the online gaming of Pennsylvania generates 43 percent, which remains more of the current run – rate of New Jersey based on the market size only, for the state the online poker GGR would be nearly $36 million.