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2015/11/27 04:37
#317289
Manne wrote:
Nevada’s underwhelming online gaming market likely won’t grow into a cash cow anytime soon.
Ultimate Poker, one of the state’s three licensed online poker websites, shut down last November, citing weak revenues and a limited pool of players. Now, one year after the website’s exit, the factors that motivated its closure show no signs of disappearing.
The state Gaming Control Board no longer reports how much revenue Nevada receives from online poker specifically, because without Ultimate Poker, there aren’t enough operators in the market to warrant such a study. When the state did report the data, online poker revenue crossed the $1 million mark only once, in June 2014. Total state gaming revenue that month was $906.9 million.
Online poker hasn’t been a boon for state coffers, because as Ultimate Poker found out, there simply aren’t enough players in Nevada to fill digital tables.
State officials tried to address the issue in March by allowing Nevada gamblers to play online poker with people in Delaware. But it is unlikely to move the needle much, given that the population of Delaware is less than half the population of Clark County.
What would improve the fortunes of online gaming here?
• More interstate agreements. Right now, the lone place where that’s possible is New Jersey, the only state besides Nevada and Delaware to legalize online gaming. Except unlike Nevada and Delaware, New Jersey also offers legal online casino games other than poker. Additional states, notably California and Pennsylvania, are considering legalizing some form of online gaming, but none have enacted any measures yet. Should one of them overcome the political and logistical hurdles standing in their way, it could be a tremendous boost for Nevada’s market — if the newest online gambling state agrees to let its players gamble with players in Nevada.
• Legalizing games besides poker. Online casino revenue brings in far more money for New Jersey than online poker. If Nevada were to take a similar approach, the state likely would see its online gaming market take off too. But the political will does not appear to be present, either from lawmakers or from the casino industry.
• Legalizing online poker at the federal level. A Congressman from Texas has introduced legislation multiple times, including this session, but it hasn’t gotten any major traction. That’s unlikely to change as long as Nevada’s top politician in Washington, Senate Minority Leader Harry Reid, remains receptive to a ban on online gaming that has been introduced in Congress. Still, lobbying efforts and shifting political winds could change things.
• Continuing to capitalize on in-person events. WSOP-com, owned by Caesars Entertainment Corp., is the dominant online poker provider in Nevada. The website found success by tying into the live World Series of Poker tournament in Las Vegas. The Online Poker Report, which tracks the industry, wrote in July that “if the success of an online poker tournament series is measured by its ability to shatter guarantees, then the WSOP-com Online Championship in Nevada may have been the most prosperous event in U.S. regulated history.”
Online poker dealt a tough hand in Nevada - Las Vegas Sun News
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The biggest event over the weekend, and in the GSSS III, was the GSSS #39 — $150,000 GTD NLH Main Event, which generated a $152,800 prize pool with 764 players ponying up the $215 buy-in. New Jersey's "selsk32285" scored big with an outright victory in this tournament to collect $27,219. Other top finishers in this event were "dgago003" banking $19,558 for second place, "BeastfromEast" snagging $12,033 for third place, and Brian "pure_reason" Wood helping himself to $9,320 for fourth place.
The GSSS #40 — $75,000 GTD NLH High Roller ended in a heads-up deal where "TheGyph278" won $22,652 as the official winner of the tournament, while "stingerbell24" banked $19,000 as the official runner-up. Other notable players to outlast the 89 entrants to pony-up the $1,060 buy-in to make the final table included Jay "Jonuzi" Deutsch (3rd - $11,748), Jesse "NoXcape" Elliot (4th - $9,879), Daniel "mj23style" Sewnig (5th - $8,188), Michael "Gags30" Gagliano (7th - $5,073), and Darren "kinginthenorth" Elias (9th - $2,314).
Over in the WSOP-com NJ/888poker NJ Sunday $30,000 Guarantee, it was "HoboJoJo" outlasting a field of 193 players to win $9,640. New Jersey's "mdubsdeezee" took second place in this tournament for $5,624.
The New Jersey Online Poker Briefing: "selsk32285" Wins the GSSS III Main Event | PokerNews