Casino City's iGaming Pocket Directory - 2022 Edition

While in-person poker tournaments display signs of improvement, research by the Edison Group shows online poker still represents 5% of the online gambling market. Data released by the EGBA for the European Union echoes that figure. This is behind sports betting, casino games and state-run lotteries. A more detailed look reveals mixed results from around the globe. In the U.S., New Jersey’s online poker revenue was $25.39 million over the first 10 months of 2021, per the Division of Gaming Enforcement. This is down from the $33.38 million reported from the first 10 months of 2020 as figures stabilize following pandemic-infused highs. While revenues have calmed from the $3-5 million range seen between March and August 2020 as the pandemic raged, it has settled around a healthy $2.5 million per month. New Jersey illustrates the importance of shared liquidity player pools, as the WSOP/888 site has seen increased growth since the Multistate Internet Gaming Agreement (MIGA) was signed. This allows players in Delaware, Nevada and New Jersey to play with each other. Pennsylvania has not yet signed on the agreement, which would boost revenues given it offers the biggest population of those four states. In January 2021, Michigan went live with online poker and is reportedly looking into the logistics of joining the multi-state agreement. West Virginia and Connecticut have also has legalized online poker, but as of the start of 2022 neither state had announced an official launch date. It’s not just New Jersey that’s finding a strong stabilization point, as other maturing markets are making strides within the U.S. Pennsylvania saw online poker generate $2.9 million in September 2021 as other operators such as Caesars, Hollywood Casino, and RiversPhiladelphia, have started to lay foundations alongside Mount Airy’s PokerStars partnership. Another example of growth against pre-pandemic numbers comes from France, which yielded a €103 million revenue tally in Q2 2021. While that’s down 27.5% from Q2 2020, it’s still the fourth-highest quarter in market history and up 63% from Q2 2019. This is a healthy indicator of sustainable growth and player retention following the surge of action during lockdowns. Various reports from some of poker’s largest providers show the industry’s rise through the pandemic’s spikes. Flutter, having acquired PokerStars in late 2019, reported 9% growth in the first two months of 2021 before the pandemic-affected monthly figures starting in March enter the picture. Meanwhile, 888 Holdings reported a 13% growth year-overyear in Q1 of 2021 with $14.7 million in earnings. While individual companies may rise and fall, the big picture looks encouraging for poker’s future. The industry appears to be steadily building up its chips in several key markets, though a swift double-up in size appears unlikely in the short term. 52 Sponsored by Casino City’s iGaming Pocket Directory poker