Report: New Jersey Online Poker Market Will Be Instantly Valuable

191 0
191 0

Report New Jersey Online Poker Market Will Be Instantly ValuableAccording to the findings of a new report produced by Academicon and PokerScout, the New Jersey online poker market – which hasn’t even opened for business yet – could be worth between $39 million and $65 million in its first year of operation.

By the second year, it could be worth $55 million, expanding to $92 million by year ten.

The researchers analyzed data on 4.6 million real money online poker players in 2009 and 2010, near the peak of unregulated poker in the U.S. They found that 38,100 online poker players in New Jersey spent an average of $765 per year, creating a $29.13 million market.

In the big picture, New Jersey players accounted for 3% of U.S. revenue and 0.8% of worldwide revenue in online poker.

“Under regulation,” a press release touting the report’s findings reads, “online poker is expected to grow well beyond its previous peak. The size of the market will depend strongly on the decision to either limit the player pool to in-state residents and tourists or participate in a federal or international network of players.”

In this article

Join the Conversation