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Fast WithdrawalsIn September, Pennsylvania achieved a US record total of $187.3 million in online casino revenue. It surpassed the previous state record of $181.5 million set in March.
Golden Nugget Casino PA launched as a new platform in August, contributing significantly to the revenue increase. The new software has grabbed the bull by the horns and accomplished impressive totals thus far, contributing to PA online casinos‘ all-time month.
In September, Golden Nugget Online Casino PA Achieved Revenue Growth
While Pennsylvania set an online casino revenue record in a single month, it would not have happened without Golden Nugget’s assistance.
The platform joined the state as a Qualified Gaming Entity (QGE), which meant it didn’t need to partner with a land-based casino for it to launch. Golden Nugget’s petition to operate was authorized by the Pennsylvania Gaming Control Board (PGCB) in June, and the gaming provider was licensed during a July board meeting.
Golden Nugget got launched to a slow start after its August debut. The operator came last in revenue in August, as expected.
In September, however, Golden Nugget swiftly rose to the top of the rankings. The app generated $6.4 million in total revenue, outperforming more experienced operators such as:
- PokerStars Casino PA: $4.7 million
- PlayLive! Casino: $3.7 million
- Unibet Casino PA: $2.1 million
Golden Nugget also outperformed Bally Casino PA, which earned $2.2 million in revenue. It was awe-inspiring, given that the latter had only gone live a month before.
Golden Nugget to Compete with Other Thriving Pennsylvania Online Casinos
The September performance of Golden Nugget quickly put it in rivalry with the second level of operators.
It will be difficult for the brand to compete with the market leaders in Pennsylvania, DraftKings Casino PA, BetMGM Casino PA, and FanDuel Casino PA. However, Golden Nugget is directly competing with other businesses.
Golden Nugget finished September close behind betPARX Casino PA and others under the Harrah’s Philadelphia license, which included Caesars Casino PA and Tropicana Casino PA.
- Hollywood Penn National Casino: $75 million
- Valley Forge Casino: $42.4 million
- Rivers Philadelphia Casino: $34.6
- Harrah’s Philadelphia Casino: $7.5 million
- Parx Casino: $6.4 million
- Golden Nugget Casino: $6.4 million
Because many licensees operate online casinos, it’s impossible to determine accurate income totals. For example, the Hollywood Penn National license consists of DraftKings, BetMGM, Hollywood, Barstool, and PointsBet.
Golden Nugget is competing with, or ahead of, operators other than DraftKings and BetMGM.
Golden Nugget has firmly established itself as a top-half rival among the 20 platforms offered in Pennsylvania. With a strong web presence in New Jersey and Michigan, Golden Nugget should continue to make strides in Pennsylvania.
