DraftKings is number one on the list with 16% of the U.S. online casino GGR market share. DraftKings, famous for daily fantasy sports, is also becoming a dominant player in the U.S. online casino market. The company operates online casinos in New Jersey, Pennsylvania and West Virginia. In its first month of business in West Virginia, DraftKings Casino brought in 75% of the $50 million total online stakes for the state. According to DraftKings IR, their online casino app now offers over 360 different games.
SugarHouse-Rivers is second on the list with 16% of the U.S. online casino GGR market share. Sugarhouse-Rivers Casino is owned by Rush Street Interactive. The company operates online casinos in Pennsylvania and New Jersey. SugarHouse Casino was one of the first casinos to apply for an online gambling license in PA. The Pennsylvania Gaming Control Board approved the license in 2018 so SugarHouse could offer online slots, table games and poker to Pennsylvania residents and visitors.
Betfair-Fanduel is third on the list with 15% of the US online casino GGR market share. In 2018, Paddy Power Betfair and FanDuel merged their U.S. companies. Together they operate online casinos in Pennsylvania (FanDuel operation) and New Jersey (Betfair operation). Both companies are owned by their parent company, Flutter Entertainment. Flutter is an online gaming powerhouse with over 13 million customers worldwide. Other notable brands under the Flutter umbrella include Full Tilt Poker, PokerStars, SkyBet, and FOXBet.
ROAR is fourth on the list with 13% of the U.S. online casino GGR market share. ROAR Digital is a joint venture between MGM Resorts International and GVC Holdings and consists of the Brands BetMGM, Borgata, PartyCasino and PartyPoker. According to ROAR Digital’s CEO, BetMGM is on track to generate over $130 million of net revenue this year, predominantly from iGaming (online casino) in New Jersey, given the impact of COVID-19 (i.e. lack of live sports). ROAR Digital has live online casinos in New Jersey and West Virginia under the BetMGM brand and plans to enter the Pennsylvania market this year.
Tilman Fertitta’s Golden Nugget online casino comes in fifth place. Currently, Golden Nugget operates its online casino exclusively in New Jersey, where they are a market leader. The company experienced record user activity in the third quarter and could surpass $100 million in GGR in New Jersey by 2020. The company recently received approval from the New Jersey Casino Control Commission to complete its merger with SPAC Landcadia Holdings II.
PokerStars is number six on the list with 5% of the US online casino GGR market share. Like BetFair-FanDuel in second place, PokerStars is under the Flutter Entertainment umbrella. The popular European poker website was launched in New Jersey in 2016. PokerStars gives users access to online poker, slots and casino games in New Jersey.