{"id":27283,"date":"2019-07-12T21:58:54","date_gmt":"2019-07-12T21:58:54","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=27283"},"modified":"2019-07-15T12:38:03","modified_gmt":"2019-07-15T12:38:03","slug":"the-wsop-continues-to-show-us-what-us-online-poker-can-be","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/the-wsop-continues-to-show-us-what-us-online-poker-can-be\/","title":{"rendered":"The WSOP Continues To Show Us What US Online Poker Can Be"},"content":{"rendered":"

To say legal US online poker<\/strong> revenue numbers have been a disappointment would be an understatement. They\u2019ve been downright disheartening. But what role can the World Series of Poker<\/strong> play in boosting online poker?<\/p>\n

First, let\u2019s look at some facts.<\/p>\n

Online gambling as a whole helped turn the Atlantic City<\/strong> casino industry around. And the numbers just keep on growing.<\/p>\n

Just a little over two years after online gambling launched in the Garden State, New Jersey online gambling sites were posting over $20 million a month<\/strong> in revenue. Now, for the past five months at least, they\u2019ve gone over $30 million<\/strong> and are tracking to break $40 million<\/strong>. NJ online gambling sites could conceivably have a half-billion dollar year in 2019<\/strong>.<\/p>\n

In contrast, online poker revenues hit an average of $2 million a month<\/strong> out of the gate and completely plateaued. In May, NJ online poker revenues reached around $1.7 million<\/strong> with sub-$2 million months becoming the norm rather than the exception.<\/p>\n

New Jersey just simply doesn\u2019t have enough players<\/strong> to make it the online poker market the industry hoped it would be. The same goes for Nevada and Delaware, who don\u2019t even bother to publicly post the abysmal revenue numbers<\/strong> each produces.<\/p>\n

An agreement to share player pools finally signed by all three states in 2018 didn\u2019t really help. At least not as much as some hoped it would.<\/p>\n

What online poker in the US can be<\/h2>\n

However, with the help of the World Series of Poker the past two summers, it has given us a glimpse of what online poker in the US can be. It has given us real hope for US online poker<\/strong>.<\/p>\n

The agreement allowed WSOP.com<\/strong> to open up its schedule of online WSOP bracelet events<\/strong> to players in both Nevada and New Jersey last year. The result was entry and prizepool records for all four events.<\/p>\n

In fact, it was so successful WSOP.com bumped its online WSOP bracelet event offering to nine<\/strong> this year.<\/p>\n

A little noise about enforcement of the Wire Act<\/strong> made it look like only two of these events would be open to players in both states. However, the Department of Justice<\/strong> balked and players in both Nevada and NJ have been able to enjoy the full schedule.<\/p>\n

WSOP online bracelet event records fall<\/h2>\n

So far they\u2019ve held eight of the nine scheduled events and many of the records they set last year have fallen again<\/a>.<\/p>\n

In 2018, the $365 WSOP.com ONLINE No-Limit Hold\u2019em<\/strong> event drew a massive field of 2,972 entries<\/strong>, creating a $974,816 prizepool<\/strong>. This year, they bumped the buy-in to $400 and drew just a little under that, at 2,825 entries<\/strong>. However, the prizepool crested seven figures at $1,017,000<\/strong>.<\/p>\n

The $565 Pot-Limit Omaha<\/strong> event held last year drew 1,223 entries<\/strong>, creating a $635,960 prizepool<\/strong>. This year, a similar $600 PLO event drew 1,216<\/strong>, but again, the prizepool grew to $656,640<\/strong>.<\/p>\n

In 2018, the $1,000 Championship event<\/strong> drew 1,635 total entries<\/strong>, creating a $1,553,250 prizepool<\/strong>. It was the record for the biggest prizepool<\/strong> in US online poker site history. This year, the championship event eclipsed that, drawing 1,750<\/strong> and creating a new record $1,662,500 prizepool<\/strong>.<\/p>\n

Finally, the $3,200 High Roller event<\/strong> in 2018 drew 480 entries<\/strong>, creating a $1,459,200 prizepool<\/strong>. This year\u2019s same-price High Roller event more than one-upped it, drawing 593<\/strong> and creating a new record $1,802,720 prizepool<\/strong>.<\/p>\n

The million-dollar prizepools missing<\/strong> from the US online poker scene since grey-market operators were booted from the country in 2011 were also created in an $800 event<\/strong> and a $1,000 Double Stack tournament<\/strong> added to the 2019 WSOP schedule.<\/p>\n

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WSOP NJ – Get $10 No Deposit<\/p>\n<\/div>\n