- Online poker in New Jersey has generated $4.8 million in revenue in the month of July which is the second-highest month in market history.
- The land-based casinos have opened back up after the COVID-19 shutdowns but most have not opened the Poker rooms back up.
- Online poker tournaments have proved to be very lucrative and online poker operators are looking to continue success in August.
NEWARK, NJ - Due to the COVID-19 shutdowns around the country, gamblers were left with iGaming options and online gambling operators in New Jersey have received one of the biggest spikes in revenue in July.
The online poker in New Jersey has reported $4.8 million in revenue in the month of July which is the second-highest month of revenue since the $5.15 million reported in April.
iPokers in NJ has averaged $1.4 million per month for the last six years and in July of 2019, online poker brought in $1.8 million.
These numbers have come to the USA online gambling market even with a number of Atlantic City land-based casinos reopening their doors in July.
The brick-and-mortar casinos were required to open back up to the public with many protocols and restrictions that cause the Poker rooms in the casinos to not open.
According to the figures by the NJ Division of Gaming Enforcement, in July the online poker operators have seen a 36 percent growth from June and the fifth straight month of at least doubling the profit from the same month last year.
Online poker revenue in the state of New Jersey enjoyed its fifth straight month up double on the same period last year.— Poker Industry PRO (@pokerindpro) August 13, 2020
At a combined $4.82 million, total market revenue is up 2.5x on the same month a year ago.https://t.co/1DPtQMKvS6
July brought the very popular World Series of Poker which under normal circumstances takes place at the Rio Convention Center in Las Vegas but this year was hosted online.
This year’s WSOP generated over half of the total gross poker revenue as many New Jersey gamblers took advantage of the convenient opportunity.
New Jersey's PokerStars and its online poker tournaments also saw a big growth to its monthly revenue by receiving over $1.1 million last month.
With all online gaming combined, New Jersey’s online casinos made $114.4 million in revenue in the month of July alone.
Due to the success of the online gambling many operators have seen this summer, they are expecting another month of increased revenue with many poker tournaments to be released in August.