Last updated on March 29th, 2024 at 09:19 am
A lot of the effects of the coronavirus shutting down most industries can be seen in March. And while sports betting is down due to the closure of most sports leagues, online casino gambling has been enjoying a steady growth. And if we look at the online poker revenue in states that offer online wagering, then you can easily see how when sports betting declined, online poker increased. Online casinos do well in New Jersey and Pennsylvania. We’ll take a look at why.
Online Casinos Do Well in New Jersey- a Substantive Increase
New Jersey practically doubles its February record in online poker revenue. The best pay per head sportsbook providers are already seeing a surge in online casino action. One reason, I that brick-and-mortar casinos are shut down due to the pandemic. Another reason, is that the spring online championships are ongoing in New Jersey, and in other states like Pennsylvania.
Poker operators in New Jersey have a 90.9%, year-on-year increase in online poker in March. This amounts to $3,629,112 for the month. March 2019’s numbers are a paltry $1,903,790. If we look at February, online poker revenue is $1,796,804.
New Jersey Numbers
These numbers do not include the NJ Spring Championship of Online Poker. The finale of this event will be on April 27. If we look at the 2020 revenue of online poker alone, the amount is already at $7.2 million. This amount breaks the January 2014 record of $3,442,271. There are only 4 states in the US that offer online poker. These are New Jersey, Pennsylvania, Delaware, and Nevada. West Virginia and Michigan will be following suit this year. In fact, a lot of sportsbook pay per head bookies have been promoting their online casino features as a good alternative to sports betting while the industry is at a standstill.
You must be logged in to post a comment.