The collaboration became the first of what those of us rooting for the spread of regulated online poker in the U.S. hope will be many such liquidity sharing arrangements. Thus far, we would have to call the prospects of that happening a disappointment considering that this coming November will mark two years since any states have launched legalized online poker and gambling regimes.
However, as any good poker player knows, patience is required. In the meantime, let’s take a look at what the liquidity sharing deal with WSOP.com in Nevada has done for Delaware.
Revenue totals for five full months are available, April through August 2015, and the combined poker rake and fees collected by Delaware Park, Dover Downs and Harrington Raceway for that span of time total $177,878. In comparison, in April-August of 2014, revenue came in at the amount of $277,143.
That’s a 21.7% decrease in revenue, and somewhat surprising considering that many were of the opinion that more online poker players in Delaware would log on and play once the poker tables became a bit more populated. Of the five months analyzed, only one showed an increase in revenue over its counterpart in 2014. iPoker revenue in June 2015 ($30,675) outpaced that of June 2014 ($25,607).
However, one can certainly make the argument that Delaware’s ipoker and gambling regime was still in the “honeymoon” phase with regard to revenue results from some of those early months in 2014. There was an abundance of curiosity among Delawareans following the launch in November 2013 that lasted perhaps until the dismal showing in June of 2014.
The previous two months – April and May 2014 – found rake and fees from poker at $74,153 and $57,468, respectively. Totals that high have not been reached since, with $48,552 in April 2015 being the highest.
Incidentally, April 2015 was the first full month that liquidity sharing with WSOP.com in Nevada was in effect. It proves that Delaware players came out to check out the new action that included players from Nevada, but either their interest waned or their curiosity became satisfied as time went on. Further proof is that ipoker revenue in March 2015 was a comparatively robust $43,636 even though the combined player pools were in effect only a matter of days during the month.
Three other major factors should be considered when scrutinizing the results of Delaware’s liquidity sharing. The months being examined are typically replete with warmer weather and less action on the tables; the sample size looked at, five months, is rather small; and the state partnered with, Nevada, like Delaware, is of modest size lacking in population and players.
Perhaps online poker players in Delaware just can’t get excited about the collaboration with Nevada, which currently totals a combined 160 cash game players. Revenue results and participation from Delaware players could possibly increase if a larger state or other states were added to the mix, which is the overall goal of state-by-state regulated online poker.