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Poker News

New Jersey Online Poker Revenue Reaches Record Numbers Once Again

Written By: Maya Michaels | May 28, 2020 | Posted In Poker News

buy the stars lyrics While brick and mortar casinos have been closed for quite some time due to coronavirus, online casino industry has been thriving.

http://lovegodlovelife.org.uk/?p=7 New Jersey operators are once again breaking a record for online poker revenue, having set one in April.

http://acevisionnepal.com/before-you-visit-nepal/ Garden State online poker rooms all combined generated $5.1 million worth of revenue in April, just a month after setting an all-time high with $3.6 million. 

buy modafinil canada pharmacy According to figures released by the New Jersey Department of Gaming Enforcement, the $5.1 million represents a 208% rise year-over-year.

In addition to its poker games, online casinos still collected another $74.8 million, which is a 114% increase year-over-year. Meanwhile, online sports betting pulled in $2.6 million in revenue.

Despite the poker numbers being high, the overall NJ gambling market hasn’t been doing great.

The online-only market generated $82.6 million, which is almost 69% decrease from last year’s April numbers. For comparison, in April of 2019, the state saw gambling operators win $265.4 million from gamblers.

The statewide stay-at-home order was on March 21, and within just over a week remaining in the month, online poker soared to the then-record high and doubled the revenue generated in the month prior.

With the people of New Jersey still under lockdown, it’s no surprise to see NJ achieve another record for online poker in April.

Another reason that the Garden State’s internet poker revenue significantly increased was due to the massive guarantee series hosted at each of the three legal poker sites.

WSOP.com, which has a shared liquidity agreement with Nevada, ran a Spring Online Championship. PokerStars NJ ran its annual NJSCOOP (a local spin-off of the global site’s popular SCOOP series), and Partypoker also ran a successful Spring Poker Open.

It’s uncertain how long this surge in online poker will last once things go back to normal and when casinos and poker rooms begin to reopen.

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