Posts Tagged ‘New York online poker’

Offshore Online Poker Sites crushing Legal US Poker Sites

Friday, May 22nd, 2015

offshore-poker-sitesWhen Nevada became the first state to legalize online poker in 2013, the prevailing wisdom was that other states would follow suit and create a large and successful market. But fast-forward to today and there are only two other states that offer internet poker (Delaware and New Jersey). What’s worse is that the American .COM market is getting crushed by offshore sites, with the latter gaining traffic while US operations have collectively fallen by 23% in the last two years.

Bodog is the poster child for offshore success, having moved up to being the third-largest online poker site in the world with 1,700 cash game players per hour (PokerScout data). They are followed by the Winning network (500 players), Merge Network (475 players) and Chico network (475 players), which rank 17th, 18th and 19th respectively in the world.

Meanwhile, the Delaware Poker network, which now shares liquidity with Nevada, is the biggest legal US online poker operation with 190 hourly cash game players. They are followed by WSOP Nevada (170 players), WSOP/888 NJ (160 players) and Party Poker NJ (130 players).

Why are Offshore Sites dominating Legal US Sites

The obvious reason why unregulated offshore sites continue to dominate the regulated US iPoker rooms is simple mathematics. Offshore sites offer their services to 47 states that have yet to decide on iPoker, which makes up over 306 million American citizens. The other three regulated states, on the other hand, only comprise about 12.7 million US residents. Considering this, it’s no wonder why Bodog alone has over twice the amount of players as the American market.

Given how slowly regulation is moving in the US, it’s tough to say when more states will legalize the game and increase the potential player pool. California, Pennsylvania and New York are moving closer to legal US online poker, which would be a huge boost. But until that happens, it doesn’t look like the current US market is any competition for the offshore sites.

New York: The Next Spot for Legal US Online Poker?

Thursday, December 25th, 2014

new-york-online-pokerThe mission to spread legal online poker across America is moving at a snail’s pace. And of the three states that currently have iPoker – Delaware, New Jersey and Nevada – only New Jersey boasts a significant population (8.9 million).

Even still, there’s excitement that a big state could soon throw their hat into the mix. As of now, many hope that California (38.8 million residents) will regulate iPoker next year. But if that doesn’t happen, perhaps New York could be the next to do so.

The Empire State has been in the discussions involving states that are interested in online poker. But the main hurdle to them taking iPoker seriously was deciding who would receive licenses for future upstate brick-and-mortar casinos. Well, the selection process is now over with, so poker will most definitely be on the agenda for 2015.

Speculation is that New York doesn’t want their neighbor, New Jersey, siphoning poker money off their residents who cross the border to play. Furthermore, a study by MGM Resorts showed that New Yorkers spend $110 million per year playing at offshore poker sites. The study also concludes that the state could make between $50 million and $80 million in tax money by offering legal iPoker.

Going back to MGM, they’ve been heavily lobbying the New York government to regulate online poker. And this is quite interesting when one considers that MGM doesn’t currently have an iGaming presence in the US. So it’s likely that they see the profitability in the Empire State and want to get in on the ground floor.

Of course, the biggest boon for the industry will be when larger states form interstate pacts with each other. Sharing players and liquidity would allow for much larger games and tournaments, thus making the online poker market far more lucrative. Unfortunately, it seems like this is still several years away though.