New Jersey, Nevada To Make History Next Month With Online Poker Player Pool SharingLong-Awaited Liquidity Sharing To Finally Be Implemented |
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It’s an exciting time for regulated online poker in America.
Per a report from the Associated Press, the World Series of Poker and its online gaming partner 888 Holdings plan to kick off shared online poker player pools between Nevada and New Jersey on May 1. Delaware, which began sharing its players with Nevada several years ago, will also be in the equation.
A deal between Nevada and New Jersey was announced late last year, and it was long overdue. In 2016, Nevada Gov. Brian Sandoval said that an online poker compact with New Jersey “would be like putting together the Yankees and the Dodgers.” It is an historic arrangement for the two most storied and regulated casino gambling markets in America.
The Nevada-Delaware online poker liquidity sharing arrangement offered little help to both markets because of their small populations. Nevada has about three million people; Delaware has under one million; and New Jersey has nine million. The populations alone show how big of boost the Garden State would offer to the Nevada and Delaware online poker industries.
The WSOP, a Caesars Entertainment property, is the only online gambling platform approved for real-money games in all three states. So for now, it will be the only operator to benefit.
“This has been a huge collaborative effort from all involved and it is important to thank the elected leadership and regulatory authorities in Delaware, Nevada and New Jersey for their dedication and diligence to help move online poker forward,” Bill Rini, WSOP.com’s head of online poker, told the Associated Press.
According to the report, Delaware and Nevada online poker players will have to download new software and create a new account in order to play against New Jersey players.
According to a news release last week from New Jersey gaming regulators, the state’s online poker market through March was $5.7 million, down a whopping 16 percent compared to the first three months of 2017. New Jersey’s online poker market dwarfs those in Nevada and Delaware.
In other words, an online poker liquidity sharing arrangement couldn’t come at a better time for New Jersey, as well as for Nevada and Delaware.
Last fall, Pennsylvania became just the fourth state in the country to pass legislation for regulated online poker sites. The Keystone State is seeking online poker applications this summer, which means the games could go live by the end of the year.
Pennsylvania could eventually team up with New Jersey, Nevada and Delaware and drastically grow the multi-state online poker player pool. There’d be nearly 26 million people exposed to online poker between those four states.
Other states, including New York, Michigan and Connecticut, are considering online poker in 2018. They too could partner with the aforementioned states.
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