Home Online poker Drop in online poker revenue in US legal markets in February

Drop in online poker revenue in US legal markets in February

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The short month of February still authorized for online poker to maintain his strength, despite the reduced number of days. iGaming revenue showed year-over-year growth in most legal states, but monthly revenue fell.

Globally, online game shows strong numbers. PokerStars, partypoker US Network and WSOP.com adapt and create new series to push the limits every month.

In the United States, online poker is currently operational in the following states:

  • New Jersey
  • Pennsylvania
  • Michigan
  • Nevada
  • Delaware

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New Jersey maintains $2 million mark

Garden State online poker sites have produced $2.2 million in February. Reports from the New Jersey Division of Gaming Enforcement (NJDGE) showed a slight month-over-month decline from the $2.5 million set in January.

The shortened February also played a role in the decline. New Jersey currently hosts three online poker operators, including:

Partypoker became WSOP.com’s Top Dog in February. The network announced $890,387 after WSOP.com was first for three consecutive months. This also increased month over month compared to the $848,788 reported in January.

WSOP.com saw a slight decline in February. The operator started the year with revenue of $961.93, but in February it said $834,982.

The platform remains the only operator offering shared liquidity with Nevada and 888poker in Delaware. The site is preparing a big WSOP series this summer and is banking on the success of the monthly WSOP Online Circuit rings.

PokerStars saw the biggest month-over-month decline after seeing two consecutive months of growth. The stars brought in $502,191 for February.

Of the New Jersey live poker scene, only three rooms are open in Atlantic City, including:

  • Borgata (offers weekly tournaments)
  • Harrah
  • Tropicana

Borgata recently announced in coordination with the BetMGM/partypoker March Poker Mania events, a live event will also take place. The casino hosts a $1,090 Borgata March Mania Rebound with a $100,000 guaranteed pot.

NJ’s online game continues to show strength

In February, Internet gambling winnings reported by casinos and their partners reported $130 million. This is a 38.6% increase compared to the same period last year.

The Borgata/BetMGM brand has a consecutive year of producing the best results in New Jersey. BetMGM showed $37.8 million turnover in February.

Gold nugget stayed hot on the track with $34.5 million and Resorts finished third with $29.9 million.

According to the NJDGE, the total gambling revenue reported by partner casinos was $373.3 million for February. This is a 29.5% increase from the $288.3 million reported in February 2021. Gaming taxes represent 8% of gross taxable casino revenue and 15% of gross casino gaming revenue. Internet.

PA online poker remains the best in the country

Pennsylvania remains the top state in the country for online poker revenue. Keystone State reported poker revenue of $2.8 million in February, compared to $3.4 million in January.

The Commonwealth currently has three online poker choices:

PokerStars was the highest ranked platform in the state, but was also the hardest hit month over month. The site reported $1.6 millioncompared to $2.2 million in January.

WSOP.com was up month over month, bringing in $878,251. Partypoker US Network (BetMGM/Borgata Poker) also experienced monthly growth and announced $363,001.

Internet games as a whole again invested more than $100 million. The state recorded gross revenues of $102.4 million in February.

As reported by the Pennsylvania Gaming Control Board, total January gaming revenue (both online and live) was $375.6 million. The state recorded annual growth of 24.4%.

According to the PGCB, iGaming taxes alone accounted for $42.2 million.

PA Live Poker Rooms Report

PA Tournament players are starting to return and the scene is starting to thrive again. In live poker news, philadelphia cream casinos have also announced big upcoming series.

Here is an overview of the poker rooms open in Pennsylvania:

  • Parx Casino
  • Mohegan Sun Pocono
  • Mount Airy Casino Resort
  • Rivers Casino Philadelphia
  • Rivers Casino Pittsburgh
  • Meadows Racecourse and Casino
  • Philadelphia Live Casino
  • Wind Creek Bethlehem
  • Pittsburgh Live Casino

Online gaming records set in Wolverine State

Michigan set another record in February. According to Michigan Gaming Control Commission (MGCB), online casinos and poker introduced $122.8 million In income. The previous record was set in December 2021

The state combines poker and online gaming in its revenue report. There are two online poker operators including:

  • PokerStars
  • BetMGM (part of the American partypoker network)

The BetMGM March Poker Mania should be a great streak for the platform this month. This month, MGM enlisted a local Michigan poker vlogger Andrew Neeme to host the series.

PokerStars is also raising the bar and recently announced a new poker rewards system. The site also hosts the Spring Championship of Online Poker (SCOOP) in legalized markets, including Michiganstart March 25.

In other Michigan news, February turned out to be a good month for BetMGM and FanDuel. BetMGM saw a nice gain and posted $46.8 million.

FanDuel also saw a slight gain, reporting $19.4 million compared to $17.6 million the previous month. Online gaming operators generated $21.9 million in tax revenue and local share for the state, including:

  • Taxes and Payments on Internet Gambling – $21.6 million
  • Taxes and Payments on Internet Sports Betting – $360,354

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Six Michigan brick-and-mortar live poker rooms have reopened, including:

  • MGM Grand Detroit
  • Motor City Casino Hotel
  • Greektown Casino-Hotel
  • Odawa Petoskey Casino
  • Firekeepers Casino Hotel
  • Island resort and casino

Michigan casinos are starting to promote poker tournaments to attract players to casinos.

Delaware revenue declines

The First State saw a decline in online poker in February. The state reported $32,280 for online operators.

According to Delaware LotteryiGaming in total showed a net of $843,246 for online casino results. Registrations remained strong with 840 new player registrations in February.

In Delaware, 888poker operates three different skins in partnership with Delaware Racetrack Casinos, including:

  • Delaware Park
  • Bally’s Dover
  • Harrington Casino and Racecourse

Delaware Park continues to hold the top spot in the state for online poker, reporting $16,848 for the month. Delaware Park is the only live poker room open in the state.