{"id":34960,"date":"2020-04-17T15:04:05","date_gmt":"2020-04-17T15:04:05","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=34960"},"modified":"2020-04-20T15:16:40","modified_gmt":"2020-04-20T15:16:40","slug":"online-poker-boom-2-0-us-sites-reach-record-highs-in-march-revenue-totals","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/online-poker-boom-2-0-us-sites-reach-record-highs-in-march-revenue-totals\/","title":{"rendered":"Online Poker Boom 2.0: US Sites Reach Record Highs in March Revenue Totals"},"content":{"rendered":"

Brick and mortar poker rooms<\/strong> may be closed due to Coronavirus in New Jersey<\/strong> and Pennsylvania<\/strong>, but online poker<\/strong> is reaching new heights. Governors ordered the shutdown of all land-based casinos and poker rooms in March<\/strong> until further notice.<\/p>\n

However, online casinos<\/strong> still operate in both states during the pandemic. As a result, New Jersey and Pennsylvania residents flooded the online market. Both states recorded their biggest poker revenue months to date.<\/p>\n

 <\/p>\n

<\/div>\n

New Jersey sets record for online poker<\/span><\/h2>\n

Online poker brought in $3.6 million<\/strong> in total revenue in New Jersey in March \u2013 doubling February\u2019s total<\/strong>. This is the biggest month New Jersey has seen since the launch of regulated online poker in 2013<\/strong>. January 2014 held the previous record of $3.4 million<\/strong>.<\/p>\n

WSOP.com<\/strong> (Caesars Entertainment<\/strong>) brought in the most poker revenue in the state with $1.6 million<\/strong>, more than doubling March 2019.<\/p>\n

PokerStars NJ<\/strong>, partnered with Resorts Casino<\/strong> in the state, set a new record as well with $1.1 million<\/strong> in revenue. Partypoker<\/strong>, including its skins BorgataPoker.com<\/strong> and BetMGM<\/strong> reported $825,000<\/strong>.<\/p>\n

Poker isn\u2019t the only game flourishing, online casino games set records across the board in March. Online casinos took in $61.2 million<\/strong>\u00a0in revenue in March as reported by the NJ Division of Gaming Enforcement<\/strong>. This is a 64%<\/strong> increase<\/strong> year-over-year and up 21%<\/strong> from February.<\/p>\n

Golden Nugget<\/strong> online casino still holds the top spot in NJ with $23 million<\/strong> in revenue. That\u2019s a 17% increase<\/strong> from the previous month. Resorts online casino reported the second highest total with $13.5 million.<\/p>\n

PA sees substantial online poker growth<\/span><\/h2>\n

PokerStars also set a record of $3.1 million<\/strong> in revenue for March in Pennsylvania<\/strong>. Since the launch of online casinos in July 2019<\/strong>, Mount Airy<\/strong> hosts the only online poker platform in the state through its partnership with Stars.<\/p>\n

March\u2019s poker totals are more than double the previous record of $1.5 million<\/strong> in December 2019<\/strong>. PA\u2019s single operator numbers have gone toe-to-toe with all three of the online platforms in NJ each month since launching.<\/p>\n

Like New Jersey, Pennsylvania online operators capitalized on the current situation. Across the board, nearly every casino operator set new records<\/strong> for interactive slot and table wagers.<\/p>\n

Online slots represented $12.3 million<\/strong> in gross revenue for the state, while online table games<\/strong> generated $8.7 million<\/strong>.<\/p>\n

Sportsbooks take a heavy hit<\/span><\/h2>\n

Casino operators were eyeing March to be one of the pinnacles of the sports betting year. NCAA March Madness<\/strong>, NHL<\/strong>, NBA<\/strong>, and the newly-revived XFL<\/strong> were all aligning to possibly make it a huge wagering month.<\/p>\n

However, COVID-19<\/strong> put a halt to those plans. The lack of live sports has led to a complete slump in online sports betting. New Jersey sports betting saw a 63% decrease<\/strong> from February.<\/p>\n

Pennsylvania wagering brought in just $7.9 million<\/strong> in March, the third lowest since July 2019<\/strong>.<\/p>\n

April looks to crush all online casino records<\/span><\/h2>\n

Sports betting may continue to plunge in April<\/strong>, but look for online poker and casino games to\u00a0 have the biggest month totals to date.<\/p>\n

Online poker is on pace to bring in more than $4 million<\/strong> in revenue next month in each state. All major legal poker sites are currently running tournament series<\/strong> to attract action from at-home and new players.<\/p>\n

It should make for a big April as the US online poker market experiences a rebirth.<\/p>\n

The post Online Poker Boom 2.0: US Sites Reach Record Highs in March Revenue Totals appeared first on .<\/p>\n","protected":false},"excerpt":{"rendered":"

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