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 New Jersey gambling revenue grew almost 120% and poker helped with 2,7M




New Jersey gambling revenue grew almost 120% and poker helped with 2,7M
Published: 2021-04-22

New Jersey has seen a year-on-year increase of 119,8% during March, according to figures from the Division of Gambling Enforcement. Revenue reached $359.3m, up from $163.5m in the same month last year, and poker was an important player for it.

 

The Poker sector contributed with $2.7m. Sports betting saw the highest growth, with revenue up 360.9% year-on-year at $60.8m following the cancelation of sports events last year. Gamblers spent approximately $859.6m on sports betting with retail sportsbooks taking $79.5m of that and online taking $780.1m in bets.

 

Revenue from online gambling reached $113.7m, up 75.4 per cent compared with March 2020 ($64.8m). The main contributor was online slots, which generated $111.0m.

 

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MGM Resorts Interactive still plans to launch online poker in Nevada but is “roughly a year” away from doing so. 

New Jersey gambling revenue grew almost 120% and poker helped with 2,7M

 

That’s according to Chandler Pohl, vice president and legal counsel for MGM Resorts International. His comments during a lengthy, and sometimes bewildering, Nevada Gaming Control Board (NGCB) meeting on Wednesday means BetMGM Poker NV is still not close to prime time. (MGM Resorts International owns half of BetMGM, Entain owns the other half).

 

Nevertheless, Pohl urged the panel to recommend that the Nevada Gaming Commission (NGC) grant the company what would be its 14th extension of an interactive gaming license for online poker. The NGC is scheduled to meet ion April 18.

 

We have a few more small projects related to sports betting, and then the timeline would allow the poker [product] to be the next project.”

 

The NGCB ultimately agreed to recommend another extension. Although the extensions are officially for six months, the NGC has been granting year-long extensions up to this point.

 

I don’t mind recommending another waiver to the Commission … but I’m going to leave a very clear record without conditioning the waiver.



Step by step we will take Online poker Control on States. 

New Jersey gambling revenue grew almost 120% and poker helped with 2,7M

WPT Global (WPTG) President Alex Scott said his company has the US “very much on our radar” but cautioned that there would no immediate launch state-side.

 

Scott told that WPTG was obviously thinking about entry into the United States, though its first step into a regulated market would be somewhere with international liquidity.

 

The US is the home of poker,” Scott said. “There is no market like the US when it comes to poker. People grow up playing it. It’s really part of the national culture.”

 

Really, if you want to maximize the value of anything poker, the US has to play a part in that,” he added. “Yes, obviously, we want to be in the US in the future.”

 

However, he said the company is looking at several months of work — involving software development, real-time integration, and organizational changes, among other things — before entering any regulated markets, and closed ones like the US will not be top priority.

 

It’s a slow process,” Scott said. “There’s an enormous amount of work required to enter all of the regulated markets that are out there. We definitely aspire to be in as many of those regulated markets as we can, but we also know it’s going to be a very difficult challenge.”



ACR Pro Rob Kuhn takes on 30-day fasting bet against Shaun Deeb. 

New Jersey gambling revenue grew almost 120% and poker helped with 2,7M

A few months ago, Shaun Deeb Flag of the United States made headlines in the poker world for his bet against Bill Perkins Flag of the United States. It consisted of lowering his body fat to 17% and although the prop bet did not come to an end, Deeb took home US$800K and the entire scene was surprised to see the noticeable change in his physique.

 

Apparently, Deeb's achievement in his bet against Perkins has motivated him to encourage other people to do something similar. The change in him was very noticeable and everyone claims to see him much better after having lost almost 40 kilos. Perhaps this marks the beginning of an equally favorable change in Kuhn's life.

 

Now, Deeb is on the other side of this story and bet Robert Kuhn Flag of the United States that he must go 30 days without eating anything, only drinking water, coffee and vitamins. The bet would be with odds of 20:1. If Kuhn loses, he pays US$3,000 to Deeb, while if he meets the challenge, Deeb must pay him US$60,000.

 

Deeb established certain rules that Kuhn must follow in order to win:

 

- Kuhn cannot consume anything other than water or coffee for 30 days.

- Kuhn can drink coffee after two hours of waking up.

- Kuhn can consume electrolytes, salts, and vitamins.

 

Kuhn agreed to accept these conditions, but he first plans to consult with a medical team to make sure he is not putting his health at risk. He has already had blood tests and will be under medical follow-up throughout the process.



Inaugural WSOPC Toronto Starts this Week. 

New Jersey gambling revenue grew almost 120% and poker helped with 2,7M

 

Poker players in Canada have been starved for live tournament action for far too long until WSOP and GGPoker announced the launch of the first-ever WSOPC Toronto this March. Starting on March 22, WSOPC Toronto will be played at the Great Canadian Resort and will feature eight WSOPC ring events with buyins ranging from $250 to $3,500. The festival will run until April 1 and will include No Limit Hold’em events only.

 

With just over a week left before WSOP Toronto 2024 kicks-off, WSOP Ontario and GGPoker are offering a variety of satellite options to win your way into the Main Event at just a fraction of the price.

 



Balatro is emerging as the new thing in poker with 500,000 downloads in 10 days. 

New Jersey gambling revenue grew almost 120% and poker helped with 2,7M

The game's new poker boom in recent years has included media efforts aimed at a younger generation of players, including Twitch streaming and YouTube vlogging. The online gaming platform Steam, as well as other gaming options, have now seen a poker-related game attracting some attention.

 

 

The Balatro game features poker-like gameplay using wild cards to build a hand and sold over 250,000 copies in the first three days of its release across all platforms; and now the score its 500,000 in 10days.

 

The game receives good reviews The game is available for PC, PlayStation, Nintendo Switch, and Xbox, and earned a Metacritic score of 89. The game puts a bit of a twist on poker, but also includes some more traditional game terms and actions. Balatro offers the opportunity to introduce poker to players and has gotten some positive reviews so far.

 

How is the game.

 

 

 

“Each hand has its own amount of chips and associated multiplier bonuses, and the goal of Balatro is to get closer to victory by making the most of the cards you are dealt. While some blinds are small, reaching only 300 or 450 at the start of a match, they quickly begin to grow into the tens of thousands as each successfully defeated boss increases the blinds and accompanying bets. Get to an ante of eight and, bingo, you've won a Balatro streak.

 


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