Big Friday for DraftKings as PA Casino + Colorado Sports Betting Launch

In a time a major uncertainty due to COVID-19, DraftKings is getting a large dose of good news with the launch of the DraftKings PA online casino and Colorado online sports betting. Earlier this week the PGCB approved DK’s i-gaming license in Pennsylvania.

DraftKings enters into a highly competitive PA online casino market that has been growing a solid clip. A familiar foe in FanDuel recently launched its FanDuel Casino platform in Pennsylvania. When you include the home-field advantage of BetRivers Casino and Hollywood Casino online, DraftKings will need to flex some advertising muscle.

DraftKings Casino Launch Details

The DraftKings Casino platform is now available in NJ and PA. The product is very different between the two states.

DraftKings online casino in NJ: 190 slots and a deep library of table games, including live dealer games.

DraftKings online casino PA: The initial casino license from the PGCB mention 28 slots and 3 table games for players to choose from. Live Dealer games are not authorized currently in Pennsylvania.

Most important for new casino players in PA, the DraftKings Casino Bonus is the same in both states. Get up to $700 free when you play at the DraftKings online casino or within the DraftKings Sportsbook app.

Today, @DraftKings begins the soft launch phase for its casino product in Pennsylvania pic.twitter.com/J9RaRwwg4W

— DraftKingsNews (@DraftKingsNews) April 29, 2020

PA Online Casino Growth

As we mentioned above, DraftKings has plenty of competition on the casino side of the business in PA. BetRivers Casino was the #1 online casino in terms of revenue in the March 2020 report. PokerStars Casino and FoxBet Casino are surging, along with FanDuel Casino and their barrage of TV ads in the state.

One relationship to keep an eye with DraftKings is their agreement with Penn National Gaming. DraftKings operates in PA via a partnership with Penn National. They will now be a competitor to Penn National’s Hollywood Casino. A quick side note, one has to wonder if Hollywood Casino will become the Barstool Online Casino in PA after Penn National acquired 36% of Barstool Sports in January.

Online Casino License	March 2020 Revenue
Rivers Casino Philadelphia and SugarHouse Casino	$6,757,345
Mount Airy Casino Resort (FOXBet/PokerStars)	$5,963,713
Valley Forge Casino Resort (FanDuel Online Casino)	$4,969,252
Parx Casino	$2,728,128
Hollywood Casino at Penn National	$2,618,503
Mohegan Sun Pocono (Unibet Online Casino)	$803,000
Presque Isle Downs and Casino (BetAmerica)	$425,878
Total March Online Casino Revenue	$24,265,820

Month	Internet Casino Revenue
December 2019	$10,624,699
January 2020	$13,957,539
February 2020	$19,490,815
March 2020	$24,265,820
Growth from February to March	$4,775,005

DraftKings Sportsbook App Colorado Launch

The list of states with approved mobile sports betting apps continues to grow for DraftKings. Colorado is next in line with the DraftKings Colorado Sportsbook App going live today.