Regulated U.S. online poker rebounded in April after months of declines, with revenue gains reported in New Jersey and Pennsylvania. New Jersey poker revenue increased 11.4% to more than $2.6 million, while Pennsylvania rose 9.7% to $2.6 million. Michigan likely saw similar increases, though poker is not broken out in monthly regulatory reporting. The improvement followed PokerStars joining FanDuel in the U.S. and merging the Pennsylvania platform with the shared player pool of Michigan and New Jersey. All three states participate in the Multi-State Internet Gaming Agreement. Additional factors may include increased play as Las Vegas tournament series approached, including WSOP Online satellites and BetMGM qualifiers. Broader online gaming results were mixed, with Pennsylvania online gaming revenue up 7.9% overall, online slots up, and online table games down.
"Regulated U.S. online poker bounced back in a big way in April, seeing some significant gains in the country's three legalized states after several months of falling numbers. The rising revenue numbers come on the heels of PokerStars becoming part of FanDuel in the U.S. in April. The company also merged the Pennsylvania platform with the shared player pool of Michigan and New Jersey."
"While poker remains a small portion of the online gaming landscape, the game saw revenue jump 11.4% to more than $2.6 million in New Jersey. Pennsylvania also saw a gain of 9.7% to $2.6 million. While the Michigan Gaming Control Board (MGCB) doesn't break out poker in the regulatory body's monthly reports, it seems likely that state saw similar increases."
"All three states are part of the Multi-State Internet Gaming Agreement (MSIGA) that also includes Nevada, West Virginia, and Delaware. Nevada and West Virginia also offer online poker, but don't break out online poker numbers. However, these states likely experienced at least small growth as well."
"Additionally, the numbers may have been influenced by increased play as the World Series of Poker and other tournament series in Las Vegas approached. WSOP Online has been running online satellites for the summer series and BetMGM sends numerous qualifiers to the $3,500 BetMGM Poker Championship, which is set for June 29 to July 4 at the Aria in Las Vegas."
#online-poker #us-igaming-regulation #revenue-growth #pokerstars-fanduel-merger #tournament-promotions
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