Online poker revenues in New Jersey for the month of December have been released by the New Jersey Division of Gaming Enforcement, and that means we have the full-year data for 2020.
Combined, the three online poker operators generated just over $3 million in revenue in December, marking a 74% increase over 2019 and an all-time high for December in New Jerseys seven-year history.
Sign up to partypoker NJ today to get a First Deposit Bonus up to $600
It continues the ten-month streak of year-over-year growth of at least 50% following the outbreak of COVID-19 which has helped fuel New Jerseys online poker market which otherwise had been declining since 2016.
All combined, the three online poker rooms namely WSOP.com operating on the 888poker network under Caesars license, PokerStars NJ under Resorts and the partypoker US Network under the Borgata license brought in nearly $40 million in 2020.
This is by far the most revenue reported in a single year, beating the previous record of 2014 when online poker rooms collected $29 million in revenue.
All operators enjoyed gains year-over-year, but the partypoker US Network which recently has been the smallest of the three was the standout in 2020.
Of all three operators offering online poker in New Jersey, the partypoker US Network comprising three skins: partypoker NJ, BorgataPoker and BetMGM saw the best growth in 2020.
Particularly, in the last quarter of 2020, the online poker rooms under the Borgata license reported the biggest annual increase in revenues, going up by 101.5%.
In comparison, WSOP.com saw growth of 53%, and PokerStars NJ grew by 46% in Q4.
Sign up to partypoker NJ today to get a First Deposit Bonus up to $600
Online poker under the Borgata license exceeded $1 million in monthly revenue for the first time since May and only the third time this year.
In fact, it did so well it not only leaped over Resorts in absolute revenue but also almost surpassed Caesars to take the pole position in the market.
It ended up accounting for 35% market share which is by far its largest in a long period and the closest it has come in leading the market. In November, it represented only 29% of the market.
The upward trajectory was primarily bolstered by the WPT Online Poker Open held last month boasting a record-breaking $1 million in guarantees. The $3500 buy-in tournament ended up attracting 395 entries to build a prize pool of $1,264,000 the largest in the history of the partypoker US network.
In fact, pretty much throughout 2020, the partypoker US network ramped up promotions, running cash game promotions and a tournament series every month. It reported $9.7 million in 2020 compared to $5.1 million in 2019 a 92% increase year-over-year.
Caesars on the other hand, with its WSOP/888 network sharing liquidity between New Jersey, Nevada and Delaware, retained the top position in December yet again, bringing in $1.17 million in tournament fees and rake which was just $100,000 more than Borgata. It held a market share of 39%.
It was the same month that saw WSOP.com host the $10,000 WSOP Main Event for US players. 705 players participated, generating $6.8 million in prize money unprecedented for any segregated online poker network in the world.
It even ended up drawing a bigger turnout than the international leg held on GGPoker open to players in most parts of the world.
Sign up to PokerStars NJ today and enjoy $30 FREE or a $600 first-deposit bonus
Meanwhile, PokerStars NJ under Resorts saw a big dip in market share in December, going down to 25.6% from 30.7% in November.
It reported $774,039 in online poker revenue in December much lower than its competitors but still representing an annual increase of 36%.
Unlike its competitors, PokerStars NJ has slowed down in promotions. It did run a cash game promotion and hosted a $100,000 New Jersey Classic tournament, but those events were significantly smaller compared to the offerings on the partypoker US Network and WSOP.com
The lack of big-sized promotions by PokerStars in New Jersey is surprising, to say the least. PokerStars is the market leader in almost every other jurisdiction it operates in. The operator has little experience in playing the underdog.
Although PokerStars NJ generated $12.6 million in 2020, over the last few months, the gap between the online poker giant and the partypoker US Network has narrowed.
In fact, in Q4, the partypoker US Network generated more revenue in rake and tournament fees than PokerStars NJ.
However, with the Federal Appellate Court rejecting the Trump administrations Wire Act reinterpretation, the Pennsylvania online poker market (which currently consists of just PokerStars PA) is expected to join the Multi State Internet Gaming Agreement (MSIGA).
Adding the liquidity of a state with a population of nearly 13 million would likely propel the PokerStars US Network to pole position in New Jersey.
The partypoker US Network and WSOP/888 have yet to launch online poker in the Keystone State, though, the scenario is expected to change in 2021 especially with the Wire Act out of the picture.
The rest is here:
- JUST LAUNCHED Interactive Texas Hold'em Poker Quiz: Which hand wins? - European Gaming Industry News - June 5th, 2020 [June 5th, 2020]
- The hilarious story of how Phil Mickelson rigged a hand of poker against his brother - Golf Digest - June 5th, 2020 [June 5th, 2020]
- US Live Poker Rooms Begin To Reopen With Major Changes - Legal Gambling News - June 5th, 2020 [June 5th, 2020]
- Loto-Quebec hit with class action suit over exposed online poker hole cards - CalvinAyre.com - June 5th, 2020 [June 5th, 2020]
- Who was Poker Alice? The gunslinging gambler of the Wild West who may have come from Sudbury - East Anglian Daily Times - June 9th, 2020 [June 9th, 2020]
- Odds of Being Dealt a Royal Flush - Royal Flush Odds and More - BestUSCasinos.org - June 9th, 2020 [June 9th, 2020]
- David Haye Dreaming of Being a Poker World Champion - PokerTube - June 9th, 2020 [June 9th, 2020]
- Avoid the Sharks by Playing Stream Satellites on Unibet Poker - PokerNews.com - June 9th, 2020 [June 9th, 2020]
- Bans on smoking and poker are part of plan to reopen Detroit casinos - The Detroit News - June 9th, 2020 [June 9th, 2020]
- Poker Strategy With Jonathan Little: Folding Top Pair, Top Kicker On The Flop - Poker News - CardPlayer.com - June 9th, 2020 [June 9th, 2020]
- Genting Ceases All Live Poker Activity in the United Kingdom - PokerNews.com - June 21st, 2020 [June 21st, 2020]
- The best actors to have appeared around a poker table - CineVue - June 21st, 2020 [June 21st, 2020]
- Ike Haxton Raises Concerns About the Health of Live Poker Players - HighstakesDB - June 21st, 2020 [June 21st, 2020]
- Book Review - Poker... What does gambling have to do with it? - Books - Ahram Online - June 21st, 2020 [June 21st, 2020]
- Will the online poker boom last? - Casino Beats - June 21st, 2020 [June 21st, 2020]
- Online poker 'booming' in lockdown at every level of the game - theScore - June 21st, 2020 [June 21st, 2020]
- Live Poker Tournaments Are Slowly Returning Around The Globe - Poker News - CardPlayer.com - June 21st, 2020 [June 21st, 2020]
- How a psychologist cracked the secret of winning at professional poker in just a year - Telegraph.co.uk - June 21st, 2020 [June 21st, 2020]
- MASTERING THE GAME OF POKER WITH MACHINE LEARNING: How Machine Learning Impacts the World of Online Poker - The Fan Carpet - June 21st, 2020 [June 21st, 2020]
- Poker Worlds Lost Summer: What Happens When Live-Action Sharks Are Forced to Stay Home? - Deadspin - June 21st, 2020 [June 21st, 2020]
- Late Night Poker: A Week That Changed The World - Padraig Parkinson Blog - CardPlayer.com - June 21st, 2020 [June 21st, 2020]
- 'It Would Have Changed the Game' -- An Oral History of ChipTic, Part 2 - PokerNews.com - July 10th, 2020 [July 10th, 2020]
- Bill filed to expand live poker in New Jersey - Online Poker.net - July 10th, 2020 [July 10th, 2020]
- Battle for India Online Poker Championship 2020: Who will win the crown? - Sportskeeda - July 10th, 2020 [July 10th, 2020]
- GGPoker's $5 Million WSOP Season Giveaway is the Biggest in the History of Online Poker - Pokerfuse - July 10th, 2020 [July 10th, 2020]
- Canterbury returns to 24/7 hours of operation, poker is back today - SW News Media - July 10th, 2020 [July 10th, 2020]
- The winning Lotto Poker numbers and results for Friday July 10, 2020 are in... - Born2Invest - July 11th, 2020 [July 11th, 2020]
- Casinos and Poker Rooms open, despite rise in Covid-19 casesciting measures to safely operate. - Northeast Valley News - July 11th, 2020 [July 11th, 2020]
- Sunflower Diversified hosts annual poker run; seeks sponsorships - Great Bend Tribune - July 11th, 2020 [July 11th, 2020]
- The winning Poker Lotto numbers and results for Saturday July 11, 2020 are in... - Born2Invest - July 11th, 2020 [July 11th, 2020]
- Join the Newly-Launched PokerNews Discord Server Today! - PokerNews.com - July 11th, 2020 [July 11th, 2020]
- Looking to Join the PA Online Poker Party: partypoker Nearing Regulatory Approval - Play Pennsylvania - July 11th, 2020 [July 11th, 2020]
- The Rise and Fall of Dani Stern - HighstakesDB - July 12th, 2020 [July 12th, 2020]
- Pat McAfee Won $1,400 in an Underground Poker Game and Used It to Make His NFL Dream Come True - Sportscasting - July 12th, 2020 [July 12th, 2020]
- Global Video Poker Machines Market Analysis and Forecast 2027- including drivers, constraints, intimidation, challenges, opportunities, and... - July 13th, 2020 [July 13th, 2020]
- Panicking Professional Poker Player Suddenly Cant Remember Whether Ace Is Better Than King - The Onion - July 13th, 2020 [July 13th, 2020]
- Dennis Atkins: The stakes couldnt be higher in PMs poker game with China - The New Daily - July 13th, 2020 [July 13th, 2020]
- Kami Hudson Finds Satisfaction In Poker, Happiness In Honduras - PocketFives - July 13th, 2020 [July 13th, 2020]
- Seven Types of Bets You Can Make In Poker - Poker News - CardPlayer.com - July 13th, 2020 [July 13th, 2020]
- Transitioning From Live Poker To Online Poker | My Blog - Tight Poker - July 14th, 2020 [July 14th, 2020]
- Poker Market Size By Product Analysis, Application, End-Users, Regional Outlook, Competitive Strategies And Forecast Up To 2026 - 3rd Watch News - July 16th, 2020 [July 16th, 2020]
- PhilLaak the other one wins 1st WSOP bracelet - Las Vegas Review-Journal - July 16th, 2020 [July 16th, 2020]
- PokerStars To Host Online Poker Events for the Mind Sports Olympiad - Pokerfuse - July 17th, 2020 [July 17th, 2020]
- Focusing on flushes and straights in video poker - Atlantic City Weekly - July 17th, 2020 [July 17th, 2020]
- Arjun Rampal is playing poker to support NGOs - The Hindu - July 18th, 2020 [July 18th, 2020]
- I won 2 million playing poker - this is what I did next - Hull Live - July 18th, 2020 [July 18th, 2020]
- Advt: 5 reasons why everyone is hooked to online poker! Have you joined the party yet? - Times of India - July 21st, 2020 [July 21st, 2020]
- IGT cleared to debut its Cobalt 27 VLT with new Reel Poker content in Louisiana - Yogonet International - July 21st, 2020 [July 21st, 2020]
- Poker - Wikipedia - July 21st, 2020 [July 21st, 2020]
- Natural8 2020 WSOP Online Hand of the Week: A Wholesome Hand for Ryan Depaulo - PokerNews.com - July 21st, 2020 [July 21st, 2020]
- Flag football shifts to online poker, auction to honour Corey Trudeau - The Kingston Whig-Standard - July 21st, 2020 [July 21st, 2020]
- How Coronavirus changed the perception of Poker - CalvinAyre.com - July 21st, 2020 [July 21st, 2020]
- Orange City OKs more poker players, and Greyhound racing in Daytona is over - The West Volusia Beacon - July 21st, 2020 [July 21st, 2020]
- The Most Famous Woman in the History of Gambling - Poker Alice Story - Newswire - July 21st, 2020 [July 21st, 2020]
- How Has Poker Changed Over Many Years? - Loop21 - July 21st, 2020 [July 21st, 2020]
- Trump's approach to politics bears the hallmarks of a bad poker player, author says - CBC.ca - July 21st, 2020 [July 21st, 2020]
- Key Points To Consider When Choosing Online Poker Tables - Top10PokerWebsites - July 21st, 2020 [July 21st, 2020]
- The Deck Is Not Rigged: Poker and the Limits of AI - Undark Magazine - July 21st, 2020 [July 21st, 2020]
- NJ Special Legislation and the Impact on Online Casino Players in NY - Blog - The Island Now - July 21st, 2020 [July 21st, 2020]
- The Phil Ivey Of Poker - HBCU Buzz - July 21st, 2020 [July 21st, 2020]
- Venetian poker room going to 8-handed tables - Las Vegas Review-Journal - July 21st, 2020 [July 21st, 2020]
- Chasing Poker Greatness: #68 Andrew Brokos: Co-Host ThinkingPoker Podcast & Author of Play Optimal Poker - Pokerfuse - July 21st, 2020 [July 21st, 2020]
- Dont Hold Your Breath: Live Poker Not A Top Priority In Reopened PA Casinos Yet - Penn Bets - July 21st, 2020 [July 21st, 2020]
- Inside the world of Daniel Negreanu: The life and making of poker's biggest superstar - Mirror Online - July 26th, 2020 [July 26th, 2020]
- Best 9 Online Poker Sites for Real Money 2020 - Bonus to ... - July 26th, 2020 [July 26th, 2020]
- Josh & Heather Altman Threw Son Ace an Adorable Poker-Themed 1st Birthday Bash - Bravo - July 26th, 2020 [July 26th, 2020]
- Best 7 Online Poker Sites (2020) for Real Money - July 26th, 2020 [July 26th, 2020]
- 5 Best Online Poker Sites for Real Money (2020) - July 26th, 2020 [July 26th, 2020]
- This book is the new 'Moneyball' (and every investor should read it) - The Australian Financial Review - July 28th, 2020 [July 28th, 2020]
- Man Utd in transfer 'poker game' for winger that could save Ed Woodward 55m - Express - July 29th, 2020 [July 29th, 2020]
- What Are the Best Poker Apps of 2020? - GameIndustry.com - July 30th, 2020 [July 30th, 2020]
- Kai Havertz WILL face Rangers as Chelsea 'poker game' forces dramatic U-turn over 80m superstar - Daily Record - July 30th, 2020 [July 30th, 2020]
- Poker, Metacognition, and 'The Biggest Bluff' | Learning Innovation - Inside Higher Ed - July 30th, 2020 [July 30th, 2020]
- How to attract more luck into your life, using the 'poker mindset' - Business Insider - Business Insider - July 30th, 2020 [July 30th, 2020]
- Facebook AI ReBel Capable of Beating Poker Pros | My Blog - Tight Poker - July 30th, 2020 [July 30th, 2020]
- Hugh Freyer, Poker Player With the Discretion of a Banker, Dies at 86 - The New York Times - July 30th, 2020 [July 30th, 2020]
- Poker, Metacognition and 'The Biggest Bluff' | Learning Innovation - Inside Higher Ed - July 30th, 2020 [July 30th, 2020]
- Facebooks New ReBel Poker AI Scores Higher than Pluribus - Beat The Fish - July 31st, 2020 [July 31st, 2020]
- Ivonne Montealegre discusses how live poker is embracing the online space - CalvinAyre.com - July 31st, 2020 [July 31st, 2020]
- Ethan Yau Brings Audience Into His World Series of Poker Dream - PocketFives - August 1st, 2020 [August 1st, 2020]