53% increase in poker revenue in NJ
Online poker in New Jersey is on pace for record revenues of $35,787,277 million in the first 11 months of the year, up from $19,020,152 in 2019.
New Jersey continues strong growth in poker in 2020
New Jersey has achieved phenomenal growth in terms of online poker over the first 11 months year compared to the same period in 2019. Overall, Garden State reported revenue growth of 53,15%, or $35,787,277, compared to $19,020,152 a year ago.
The most successful poker network was WSOP / 888, which averaged 1,384,030 $ per month, bringing this year's total to 15,224,332 $ and an overall increase of 86,57%. Next is the PokerStars, which adds 1076,139 $ for the first 11 months of the year, for a total of 11,837,525 $.
While partypoker ranked third with just $792,765 per month and a total of $8720420, the network was able to outpace the most in terms of growth, reaching its growth target of 95,15% in the first 11 months of 2020.
Beginning in March, the state of New Jersey posted nine consecutive months of year-over-year growth, beating last year's year-to-date results and likely to maintain market strength into 2021. The marked increase in traffic began in March, just when the blocking activity began. w.
January and February 2020 numbers. They were down a fraction year-over-year but rose sharply in March, driving revenue to $4818516 compared to $186,918.
A new WSOP event and plenty of action
Pandemic has been kind to poker, despite initially depriving the community of the World Series of Poker (WSOP), and the WSOP bringing back the Main Event that just ended in Europe and the United States.
Admittedly, the new format has ruffled a few feathers, as the WSOP had to de-tron Bulgarian player Stoyan Madanzhiev after winning what was then believed st WSOP Main Event in September 51, but was later informed that he was out.
However, holding the event again, while unfair to Madanzhiev, was good for the state of New Jersey and the poker community in general. The prize pool reached a record $6.7 million.
WSOP / 888 hosted the WSOP Super Circuit Online Series, which was open to players from New Jersey, and partypoker announced that the 3,500 $ WPT Online Poker Open Main Event will take place next Sunday, December 27.
There is $1 million to be won for this event. New Jersey continues to move forward with one of the most developed poker ecosystems and is projected to continue to bring in above average poker revenues of $2 to $3 million to operators.
However, this is still well below the $160 million that Winning Poker Network, the offshore poker ecosystem, brings in every month.
