RIDING THE WAVE: Online Poker Revenue Falls, But Numbers Remain High Overall

June 17, 2020
RIDING THE WAVE: Online Poker Revenue Falls, But Numbers Remain High Overall

States with online gambling continue to see a rise in revenue. For poker that included some declines from March and April, but nice revenue numbers nonetheless.

The continued big revenue figures fall in line with a trend since the Coronavirus pandemic began. The legal online poker industry set records in March and April, so a slight decline seemed inevitable.

Overall, New Jersey, Delaware, and Pennsylvania all set new revenue records for online gaming. With many casinos set to open in the next few months, can this trend continue?

New Jersey scores big, online poker dips

How much higher can the online gaming roller coaster go? New Jersey set another record in May with $86 million in online casino revenue. May comes in $6 million ahead of April’s total. 

NJ saw $10 million of this revenue from online sports betting. The reemergence of UFC fights and NASCAR allowed betters to get back in the action. 

Online poker was down slightly from the previous month, but still scored its second biggest month on record with $4.5 million. This is a 151% increase year over year.

Pokerstars narrowly beat out WSOP for the top poker site for May with $1.746 million. WSOP.com was just behind that with $1.745 million. Partypoker, with its BorgataPoker and BetMGM Poker skins, followed with just over $1 million.

Will these numbers continue when Atlantic City casinos return? No date for reopening has yet been set.

According to a report from NJ.com, NJ Gov. Phil Murphy said “casinos could reopen by July 4, with certain restrictions in place.” It’s still unknown if this will include the reopening of poker rooms.

WSOP.com and partypoker are planning major events to capitalize on the current state of online. Partypoker hosts the upcoming WPT Online Poker Open, running June 22-28. WSOP.com has also announced an online bracelet series throughout July.

PokerStars has also announced plans for its Summer Series in NJ and PA.

Pennsylvania hefty totals continue despite small online poker decline

Online casinos in Pennsylvania also saw big numbers in May. The state brought in $55.8 million, up 28% month over month.

The launch of DraftKings online casino aided in the revenue jump. Sportsbooks also are beginning to regain traction with $4.8 million claimed in May.

Rivers Philadelphia entered the winner’s circle for top casino in May. Rivers accumulated $17.5 million in revenue between tables and slots.

Online poker produced more than $4.5 million in revenue. That was down from April’s record of $5.2 million. Currently, PokerStars is the only legal online site in the state through its partnership with Mount Airy casino. 

Currently, a few casinos in PA have begun to allow patrons back. Gov. Tom Wolf has implemented a “green zone” policy in the state. The plan allows casinos to reopen once their regional areas are deemed less potentially dangerous for more Coronavirus outbreaks. 

Record month for online gaming in Delaware

Delaware celebrated its highest month ever since launching online casino games. The state brought in $1.1 million in revenue during the month of May. 

Online poker saw growth as well – a record of $93,000 in revenue. This is  a 261% increase year over year.

Online poker in the state operates under partnership between 888poker and the state’s racetrack casinos.

In June, Delaware brick and mortar casinos have begun to reopen with safety precautions in place. Dover Downs is currently running at 60% capacity and has increased cleaning and sanitation requirements.

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