Legal Online Poker Nj
In 2020, residents of New Jersey can enjoy great real-money poker legally online. Yes, legal poker sites in New Jersey are thriving and you've got lots of choice in where to stack your chips. Since launching online poker in 2013, New Jersey has become a leader in the American legal market. The state has carried the flag for legal online poker as other states have slowly come on board. Along with leading the industry, the state also has the most diversified market so far, with several operators offering real-money poker in the state.
New Jerseyonline poker generated $2.5 million in revenue during the month of October, according to figures released by the Division of Gaming Enforcement, continuing its record-setting pace in 2020.
October 2020 produced more revenue than any other October in the history of the market. In absolute terms, the last time October exceeded the $2 million mark was 2016 when the market was still experiencing the hype and marketing spend from PokerStars returning to the US online poker scene for the first time since it was forced out by the US government on Black Friday, April 15, 2011.
However, the market experienced a 1.4% decline from the revenue figures posted the month prior. The only other time that online poker operators combined to post lower revenue in October than they did in September was in 2014.
In recent years, the revenue figures from September and October have been relatively close with less than a 3% difference between the last month in Q3 and the first in Q4.
Topping the competition once again was WSOP.com, operating as WSOP NJ on the All American Poker Network along with (and powered by) 888poker NJ, bringing in $951,651 from its online tournaments and cash games.
PokerStars reclaimed it status as the second online poker provider in the market, with $842,307 in revenue compared to the rooms on the partypoker US Network which generated $723,816 in October.
In September, partypoker NJ, BetMGM and Borgata Poker collectively jumped into the #2 spot for the first time since April 2018, the month prior to the beginning of online poker liquidity sharing in New Jersey.
In fact, PokerStars was the only operator of the three to post month-on-month growth. The 10% sequential increase coincided with the running of the New Jersey Championship of Online Poker (NJCOOP) on PokerStars NJ, the operator’s big fall tournament series.
Top line figures for NJCOOP demonstrate its success. In total, $1,126,615 in prize money was awarded (exceeding the $1 million series guarantee) with 9743 entries recorded across 54 tournaments.
Where 2020 Ranks for New Jersey Online Poker Revenue
With 2 months of revenue still remaining to be reported, 2020 has already become the highest year on record for online poker revenue in New Jersey.
Through 10 months, New Jersey has generated $33.4 million in revenue from online poker. Prior to this year, the highest full year of revenue was in 2014, the first full year the market was in operation, when the market produced just over $29 million in revenue.
As a point of comparison, online poker produced just under $21 million during the entire year of 2019.
Based on our projections, online poker revenue for all of 2020 is likely to exceed $38 million, and depending on the tournament series and promotions that operators offer in December to capitalize on the hype generated by the announcement that the early stages of the $10k buy-in 2020 WSOP Main Event will take place online during the final month of the year, online poker revenue in the Garden State could reach $40 million.
Online Poker in New Jersey
Welcome to Online-Poker-New-Jersey.com. Here we will provide all relevant information regarding legal status of providers as well as brand and bonus reviews for all online poker sites in New Jersey.
Is Online Poker Legal in New Jersey in 2015?
Online poker is completely legal in New Jersey and has been so since 2013. In February 2013, Chris Christie signed online gambling into law and that included online poker. Online poker was made available to the public in late November 2013 and the state is currently in their second full year of legalized online gambling.
New Jersey has become the #1 place to play online poker in the United States and is the frontrunner for online poker technology and security. The state’s geolocation technologies are considered the best in the industry and the standard to meet for any future states considering regulation of online poker.
Only sites regulated by the New Jersey Division of Gaming Enforcement are legal in New Jersey. Part of being regulated means that sites must be partnered with a live casino in Atlantic City and that their servers be located within the state of New Jersey.
Furthermore, you money is completely safe and secure as a result of regulation. Online gaming providers are required to segregate funds separate from operating funds. Also, if you have a problem with a provider that you are unable to resolve through standard channels, you have the option to petition the DGE to step in on your behalf.
Which Poker Brands Are Operating in NJ?
There are presently four online poker brands operating in the state of New Jersey. Each site has been required to go through the same licensing process as brick and mortar casinos in Atlantic City. In addition, NJ online gambling regulations require that each site partner with a casino in Atlantic City.
Here are the four sites currently operating in New Jersey
Legal Online Poker In Nj
- WSOP.com (Partnered with Caesars AC)
- 888 Poker NJ (Partnered with Caesars AC)
- Borgata Poker (Partnered with Borgata)
- PartyPoker NJ (Partnered with Borgata)
One site that may open in the near future is PokerStars NJ. The site is currently awaiting licensing approval from the DGE. They are partnered with Resorts AC and are expected to make a major impact on the NJ market once launched.
History and Regulation
The push to legalize online poker in New Jersey came at least in part due to the Black Friday scandals in 2011 that saw three of the world’s top online poker sites shut down and hundreds of millions in player funds frozen.
State Senator Ray Lesniak first attempted to legalize online gambling in 2011 with SB 490. The bill would have required the DGE to create iGaming regulations for intrastate online poker. That bill passed the legislature but Governor Chris Christie vetoed it due to concerns that internet cafes and nightclubs could become virtual casinos.
In late 2012, Lesniak tried again with SB 1565. This new bill required that online gaming providers partner with Atlantic City casinos. The new bill made it through the legislature and this time Christie issued a conditional veto requiring a change in tax rates and that the bill have a limited lifespan of 10 years.
Legal Online Poker Nj
The changes were made and on February 23, 2013, Christie signed the bill into law. Per the terms of the bill, all online gambling were required to go online on the same day. An initial soft launch of New Jersey iGaming started on November 21, 2013 and after a five-day trial period, online poker went online in New Jersey on November 26, 2013.
Legal Online Poker Nj
Originally, there were six online poker rooms in New Jersey. Ultimate Gaming and BetFair both discontinued offering online poker during 2014. Ultimate Gaming went out of business while BetFair moved their operations to the Golden Nugget following the bankruptcy and shutdown of Trump Plaza.