Tri-state Poker Shared Liquidity Becomes Reality On 1 May
United States poker players really have something to be looking forward to this spring since New Jersey, Nevada and Delaware will start sharing their liquidity pools on 1 May.
Caesars Interactive Entertainment (CIE) announced that both WSOP.com and 888Poker.com will begin sharing liquidity between online poker players in the three states according to a new model formulated from a liquidity sharing agreement between the states. New Jersey joined Nevada and Delaware, which have been sharing poker liquidity since 2015, in the Multi-State Internet Gaming Association (MSIGA) in October 2017.
Back then, no time limits were given as to when the shared liquidity program was going to launch.
The two sites are currently awaiting regulatory approval from the three states but the software has been submitted for testing. Poker players from New Jersey won’t be required to change anything but players from Nevada and Delaware will have to download new software and open fresh accounts. Both sites believe that this move will create a new “large-scale multi-state offering that will propel the industry forward”.
New Jersey’s online gambling market is some way ahead of Delaware and Nevada and is believed to boost their performance. New Jersey’s official figures show online poker revenue has constantly grew since 2013 with the online casino vertical hit the record growth in March of $23.6 million.
This move could really pave the way for more online poker traffic, result in bigger prize pools and increase overall competition. The launch came in just in time for 2018 WSOP that is scheduled to start at the end of May. The influx of poker players to Las Vegas, Nevada from 29 May to 17 July could just be the boost for tri-state liquidity program to kick off big style.
The three states are the only states in which online gambling is legal in the US. Pennsylvania is the only other state to have approved intrastate online gambling and once the legislation permits interstate liquidity sharing and final regulations come in the future, it would be a significant boost for the shared liquidity pool.