NJ Online Poker Hits New Low While Overall State Gambling Market Flourishes
The newly released report by New Jersey Division of Gaming Enforcement (NJDGE) for November have shown that the state’s online poker is still on the decline.
While the performance of its other online gaming markets has been getting better than ever, online poker has been struggling and has now reached a new low point.
The NJDGE report has revealed that that online poker revenue recorded in November was the lowest revenue in the six years since online gambling was legalized in the state.
As we reported back in September, numbers weren’t that great either.
The online poker revenue for the month of August was $1.7 million, which was the second lowest amount in a month in 2019.
Online poker revenues have steadily declined with every passing month and now the stats say that all online poker rooms in the state combined produced just under $1.5 million last month.
To be more precise, the collective online poker revenue in November 2019 is $1,492,494. The record low happened despite a popular online poker tournament series going on in November.
The PokerStars New Jersey Championship of Online Poker (NJCOOP) boosted that operator’s numbers slightly, though the WSOP Fall Online Championships did not help WSOP and 888 like that.
On the bright side, the annual the annual declines have been smaller, which could potentially mean that the market is on the path to its stabilization.
It seems that best solution to making the state of online poker in NJ better is to integrate the state’s player pool with the player pools of other states in the US where poker is legalized. One of those countries is Pennsylvania, which is a new online poker market and holds a lot of potential.
However there hasn’t been anything pointing in that direction recently, so it remains to be seen whether the state of NJ online poker in the future would improve or not.
