The ability of New Jersey<\/b> players to participate in World Series of Poker<\/b> bracelet events led to a spike the state\u2019s July revenue numbers. After a nice month in June, July numbers also looked good but aren\u2019t necessarily a sign of an improved landscape.<\/p>\n
Despite those upticks, growth remains elusive according to statistics released Wednesday by the New Jersey Division of Gaming Enforcement<\/b>. In total, overall revenue from online poker providers jumped from $1.77 million in June to $1.89 million in July.<\/p>\n
The WSOP kicked off in May, and that was also a nice month at $1.8 million.<\/p>\n
By comparison, that total was $1.67 million in April and $1.9 million in March. So there were some small gains this summer from April, but the revenue outlook continues to vary.<\/p>\n
Along with the WSOP action, PokerStarsNJ<\/b> also held its Summer Series<\/b> in late July and early August. That may have added some extra players to the July mix as well.<\/p>\n For the most part, the New Jersey<\/b> online poker market is treading water. Online poker is a pittance compared to the overall online gambling market in the state.<\/p>\n The July poker total is only up slightly from $1.85 million in July 2018. The total online poker revenue for the year at this time last year was $13.86 million. That\u2019s a decrease of $1.12 million \u2013 a decrease of 8 percent.<\/p>\n However, the overall gambling market in New Jersey continues to show nice growth. Sports betting has been a major part of that.<\/p>\n In July,\u00a0iGaming brought in $39.3 million in revenue, compared to $25.9 to the same month in 2018. That\u2019s a massive increase of 51.8 percent and puts the online poker market into perspective. Online poker makes up only 5 percent of July\u2019s total.<\/p>\n When looking at the market as a whole, total gaming revenue (live casinos and online) for July was $334.4 million. That\u2019s a 10.7percent increase from $302.1 million in July 2018.<\/p>\n Nevada<\/b> online poker may have helped summer statistics in both states with increased players online in Las Vegas. The series ran nine online poker events and also regular non-bracelet WSOP Online Championships<\/b>.<\/p>\n Combined player pools in New Jersey, Nevada, and Delaware<\/b> don\u2019t seem to be enough to grow the market. Pennsylvania has already added online gaming, and online poker is expected to go live in the coming months.<\/p>\n With a population of 12.8 million, the Keystone State<\/strong> offers a chance to add to the shared liquidity pool. Of course, that\u2019s barring any additional impact of the Wire Act<\/b>.<\/p>\n A few other states offer hope. West Virginia<\/b> has legalized online gaming, including poker, with hopes to go live in 2021. Michigan<\/b> is considering legalization, but it may take time to produce a bill that could be signed by the governor.<\/p>\n New York<\/b> has now commissioned a study to look at the impact of online gaming, sports betting, and poker in the state. That process could take some time.<\/p>\n Ultimately, online poker growth has taken a backseat to the explosive growth to sports betting. As more states open the betting windows, that growth could help online poker over time.<\/p>\n Like in Pennsylvania and West Virginia, legislators adding sports betting might also be more amenable to online gaming as well. Poker players can hope that\u2019s a good sign.<\/p>\n The post NJ Online Poker Grows in July; Revenue Still On A Roller Coaster appeared first on .<\/p>\n","protected":false},"excerpt":{"rendered":" The ability of New Jersey players to participate in World Series of Poker bracelet events […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"link","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","vebbtech_seo_disable_yoast":false,"vebbtech_seo_hide_author":false,"vebbtech_seo_hide_date":false,"vebbtech_seo_hide_factchecker":false,"vebbtech_seo_fact_check_enabled":false,"vebbtech_seo_post_reviewer":0,"vebbtech_seo_post_review_date":"","footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-28302","1":"post","2":"type-post","3":"status-publish","4":"format-link","6":"category-news-category","7":"post_format-post-format-link"},"acf":[],"yoast_head":"\nNew Jersey online poker revenue<\/span><\/h2>\n
\n\n
\n \nOnline Poker Site<\/th>\n June Revenue<\/th>\n July Revenue<\/th>\n 2019 Total<\/th>\n<\/tr>\n<\/thead>\n \n Borgata Poker<\/td>\n $371,832<\/td>\n $444,810<\/td>\n $3.03 million<\/td>\n<\/tr>\n \n WSOP.com and 888PokerNJ<\/td>\n $861,713<\/td>\n $815,836<\/td>\n $5.44 million<\/td>\n<\/tr>\n \n PokerStarsNJ<\/td>\n $536,633<\/td>\n $626,272<\/td>\n $4.27 million<\/td>\n<\/tr>\n \n Total<\/b><\/td>\n $1.77 million<\/b><\/td>\n $1.89 million<\/b><\/td>\n $12.74 million<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n Growing online gambling market<\/span><\/h2>\n
Overcoming a stagnant online poker market<\/span><\/h2>\n