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Low iPoker Revenues in September Beckons Interstate Launch

A look at online poker revenue for September in the regulated states of Delaware and Nevada points to the need for the partner states to launch their interstate regime that will share player pools.

Online poker brought in $693,000 for Nevada last month, a 6.7% decline. Delaware managed to eke $32,304 out of its small population of Internet poker players, which is about $8,000 more than Daniel Negreanu makes PER HOUR at the live tournament tables.

Delaware’s September revenue tallies for online poker were The First State’s third-lowest since launching in November. Nevada posted a decrease for the third consecutive month after a stellar June that saw more than $1 million raked from Internet poker players.

June, of course, was when the WSOP was in full swing and the pros and amateurs in Las Vegas were logging on at WSOP.com in record numbers when not concentrating on live action. Since the WSOP concluded, revenue numbers in Nevada have been doing a Tom Petty impersonation –freefalling.

Interstate compact launch, where are you?

Back in February, a Multi State Internet Gaming Agreement (MSIGA) was brokered between Nevada and Delaware. At the time, Nevada Gov. Brian Sandoval was enthusiastic that the two states could share liquidity by summer.

Fall is almost half-way over and still no word on when the MSIGA will be worth more than the paper it’s written on. While a collaborative framework of that magnitude obviously takes time to put in place, recent revenue numbers show that the sooner the better.

A number of online poker players in both states are believed to have turned their back on regulated action due to the low number of players and games available –especially in Delaware. Once those numbers perk up when the player pools of both states are combined, it may prompt the bystanders to make a deposit and play.

New Jersey could benefit from MSIGA too

Online poker revenue also slipped in New Jersey during September, falling a tad over 7%. That came on the heels of a 5% gain in August and had many observers scratching their heads since the colder months typically produce more action on the virtual felt.

The Garden State also could use a shot in the arm with regard to its player traffic. That will likely happen when PokerStars gets green-lighted by regulators at the New Jersey Division of Gaming Enforcement. However, as PokerUpdate’s Steve Ruddock alluded to just a couple days ago, that launch has been delayed for any number of reasons.

Just as Delaware and Nevada stand to benefit from interstate play made possible by the MSIGA, New Jersey can too. Hopefully, Gov. Christie will see clear to eventually join the online poker party, even though the launch of Delaware and Nevada has not occurred as early as projected.

 

 

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Charles Rettmuller

Charles has been an avid poker player for a number of years, both live and online. He holds a degree in journalism and previously worked as a reporter for a Chicago-based newspaper. Charles joined the PokerUpdate team in early 2012 and writes daily news articles for the site.

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