For the third consecutive month, online poker revenue pointed upward in the state of Delaware as the three poker sites hosting action collectively took in $48,552 in April.
Revenue increased 11% month-over-month and followed larger gains of 25% in February and 26% in March. April was the first full month that the Multi State Poker Network with WSOP.com in Nevada was in operation after the two states began sharing liquidity for select games of poker on March 24.
April Revenue Highest in Nearly a Year
April’s revenue total of $48,552 was the highest amount recorded since May 2014 when Delaware Park, Harrington Raceway and Dover Downs took in a combined $57,468. In the 18 months since launching ipoker in November 2013, April 2015 is in the books as the eighth highest month in terms of revenue.
December 2013 – the first full month of operation – remains the best month to date with revenue reaching $106,922. The worst month was June 2014 when only $25,607 in revenue was generated from poker rake and fees.
Delaware Park saw its online poker revenue increase from $31,555 in March to $34,590 in April, a 9.6% gain. Dover Downs also enjoyed increased action on the virtual felt, as poker rake and fees increased a whopping 35% to $10,675. Harrington Raceway did not experience growth like the other two sites, with online poker revenue falling 22% to $3,286.
Year-Over-Year Results Still Down
Analyzing the numbers further along a pessimistic line of thinking, year-over-year statistics show online poker revenue down 34% from April 2014 when $74,153 was taken in. That percentage decrease may seem high to some, but perhaps the fact that growth has returned for three months in a row is a more accurate barometer of The First State’s current online poker regime.
It is a good bet that year-over-year comparisons will not reach positive territory until the revenue totals for June 2015 are in. Despite online poker action tending to fall off in summer months, a rather safe wager would be that June of this year will manage to outperform the dismal $25,607 in revenue recorded in June 2014.
WSOP.com in NV Poker Boom Coming
While the interstate compact agreement between Delaware and Nevada calls for revenue to go to the state where each player who generates rake is located, Delaware may benefit from the 46th annual WSOP that kicks off in Las Vegas later this month.
The influx of poker players in Nevada will find many logging on at WSOP.com when not navigating live tournament fields. Some will even be competing live and online simultaneously, which is permitted and encouraged by WSOP officials.
The increased action expected at the WSOP.com tables in Nevada from late May to mid-July may attract more online poker players in Delaware to join the games. The prospect of competing online against the pros in Vegas may scare some Delaware players, but it will likely rejuvenate and excite others. The result may be increased revenue for Delaware, especially in June.