Friday 23 March 2018

Online Poker Struggles To Gain A Foothold In The Legal New Jersey Market

limit holdem rules  :: SafeClub.com - More Poker, Less Cheating

After a sluggish start, the New Jersey online casino industry has turned into a revenue-generating machine. From 2014 to 2017 revenue has doubled, from $123 million to $246 million.

The sustained growth has been nothing short of remarkable, with year-over-year growth every single month, and with New Jersey online casinos tallying nearly a quarter of billion dollars in gross gaming revenue in 2017, and on pace for even more in 2018.

But not everything is hunky dory. Growth on the casino side of the ledger has masked the struggles of online poker.

The difference between the two couldn’t be more striking.

Other than seasonal trends, online casino revenue has been steadily rising as the market continues to mature.

On the other hand, online poker emerged fully mature and has been deteriorating ever since.

The five best months in New Jersey online poker history were its first five months:

  • December 2013: $2,884,917
  • January 2014: $3,442,271
  • February 2014: $3,109,203
  • March 2014: $3,210,663
  • April 2014: $2,591,839

And aside from a short burst following the entry of PokerStars in the Spring of 2016, online poker has been unable to crack the $2.5 million mark.

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Presently, other poker websites to avoid are Carbon Poker, Sportsbook.ag and Players Just which are on the Merge Video Gaming Network. Withdrawal times are taking 10-14 weeks for checks, 2+ months for wire transfers, and 11-21 days for bitcoin. Another site we absolutely didn't recommend playing at was Full Flush Poker, they went offline on October 1, 2016. Players had requested checks and bank wires for over a year that they never got prior to they closed their doors.



from Safest Online Poker Real Money https://www.uspoker.com/blog/online-poker-nj-struggles/22395/
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