NJ Online Poker Market Stabilizing, But PokerStars NJ Falling Behind.2022 is shaping up to be PokerStars NJ’s worst year ever in terms of market share. The market as a whole was down only 4% year-on-year in May as it settles into the post-pandemic period. The New Jersey online poker market took its most significant step yet toward a post-pandemic period that is more likely to resemble the ebbs and flows in the market observed before the global health crisis.
According to data from the New Jersey Division of Gaming Enforcement (NJDGE), 888poker and WSOP took the title of market leader back from the trio of operators on the Borgata license in May. The Three, aka the partypoker US Network — BetMGM Poker NJ , Borgata Poker NJ , and partypoker NJ — held the top spot for the past three months.
As the post-pandemic norm increasingly comes into focus, PokerStars NJ is on pace to have its smallest market share in 2022. After three years of having the most successful online poker room in the Garden State, the Flutter brand had two years as second banana to the WSOP/888 Network — which includes WSOP.com NV, WSOP.com NJ , and 888poker NJ — and is stuck in third behind the Borgata operators as well. NJ Online Poker Market Shows Signs of Stabilizing
Online poker rooms in New Jersey grossed $2.3 million in May — up 2.5% month-over-month ($2.3 million), but, more urgently, the mark was down 4% year-over-year ($2.4 million). For the second consecutive month, the market was dangerously close to slipping below $2 million for the first time since February 2020 ($1.8 million).
Still, the 4% decline was the smallest since October 2021 , when the market was down 3.4% month-to-month. The last month with year-over-year growth was February 2021 (38%). The year-over-year rate hit negative 53.3% two months later — one year removed from April 2020 and the peak of the pandemic — but has been gradually stabilizing. Not a Great Year for PokerStars So Far
PokerStars, NJ, on the Resorts license, has struggled to get out of third place behind […]