Forecasting Pennsylvania's Online Poker Marketplace – PokerNews.com

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At the end of October, Pennsylvania became the fourth U.S. state to legalize Internet gambling after the state’s Senate and House of Representatives approved a gaming bill and Governor Tom Wolf signed it into law.

Gaming industry analyst Chris Grove, who publishes OnlinePokerReport and other online gaming news outlets, predicts an almost immediate boost to the state’s revenue with an estimated $120 million alone in licensing fees in a report titled Analysis: Pennsylvania Moves To Regulate Online Gambling.

Expected Market

While gross gaming revenue (GGR) and the size of the player pools are difficult to predict, one way of measuring it could be by examining the total market size and expected advertising expenditures. However, one can expect that the major online poker platforms operating in New Jersey, including 888poker, partypoker and PokerStars, should all be operating in the Keystone state.

According to the 2010 United States Census, Pennsylvania ranks sixth in population with 12.7 million residents, behind California, Texas, Florida, New York and Illinois. World Population Review ranks Pennsylvania in 2017 ahead of Illinois in fifth place with 12.8 million residents.

This is roughly the same population as the three states of Delaware, Nevada and New Jersey that already offer licensed online gaming, and about 43 percent more than the Garden State’s population of approximately 9 million.

According to the New Jersey Division of Gaming September 2017 Gaming Revenue Results, New Jersey online operators have generated almost $20 million in online poker GGR during the first three-quarters of 2017. This would put it on a run rate of about $25 million for the year. If Pennsylvania online gaming operators generated 43 percent more of New Jersey’s current run-rate based solely on market size, online poker GGR for the state would be about $36 million.

Grove mentioned

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