DraftKings Set to Launch Online Casino in Pennsylvania

DraftKings Set to Launch Online Casino in Pennsylvania

DraftKings will enter the Pennsylvania online casino market Friday after receiving state approval and running tests this week.

The Pennsylvania Gaming Control Board approved the company’s license during its meeting Wednesday, Doug Harbach, director of communications for the board, confirmed Thursday. DraftKings will operate its online casino through Penn National’s Hollywood Casino. It will be the ninth online casino in the state, Harbach said.

RELATED: All about Pennsylvania online gaming

”DraftKings appreciates the collaborative working relationship we have established with the Pennsylvania Gaming Control Board and thanks them for their thoughtful leadership in creating a consumer-focused, competitive iGaming market,” Tim Dent, chief compliance officer for DraftKings, said in a statement. “We look forward to successfully completing the soft launch phase of the process and receiving our iGaming license so that we can be fully operational in Pennsylvania on May 1.”

Already known for its sportsbook in Pennsylvania, the soft launch for DraftKings began Wednesday and continued Thursday. The gaming control board will audit the two days of testing before DraftKings becomes live Friday and can go “24/7,” Harbach said.

DraftKings Goes Public, About to Launch In Colorado

DraftKings went public on April 24 after it completed its $3.3 billion merger with SBTech and Diamond Eagle Acquisition Corp. the day before. It has been trading on the Nasdaq market under the ticker symbol “DKNG.”

Long known for its daily fantasy sports and mobile sports betting platforms, the merger allows DraftKings to integrate with SBTech, a Bulgarian sports betting technology provider, and offer enhanced gaming options.

In addition to its online casino launch in Pennsylvania, DraftKings will be one of four online sportsbooks to go live in Colorado on Friday.

IGaming Grows in Pennsylvania

With sports betting revenue down across all states, Pennsylvania is one of four states — New Jersey, Delaware and Nevada are the others — that has other online gaming options. Online casino gaming is legal in Pennsylvania, New Jersey and Delaware and online poker sites are legal in those three states and Nevada.

Gross revenue for iGaming in March in Pennsylvania was $24,265,720. That's a 24.5% increase over February's $19,490,815. The figures include online slots, poker and table games. New Jersey also saw a 24% increase in iGaming in March. While casinos have been shut down, the online games continue to operate, the state noted in a news release.

The iGaming numbers for Pennsylvania in March showed online slots at $12,350,645, online table games at $8,782,156 and online poker at $3,133,019.

The Mount Airy Casino Resort in Mount Pocono, which partnered with PokerStars in November, is the only outlet for legal online poker in Pennsylvania. March saw Mount Airy draw $3,133,019 in revenue, easily breaking the record of $2,473,137 set in December 2019, according to figures from the Pennsylvania Gaming Control Board.

The inaugural Pennsylvania Spring Championship of Online Poker wrapped up April 20 and handed out a bit more than $3 million in prizes.

And now industry giant DraftKings is entering the Pennsylvania online casino market.

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