In late 2017, the state of Pennsylvania passed a legislation that paved the way for online gaming. Now, several months later, 9 of the state’s 13 licensed casinos have applied for the licenses to offer interactive gaming products at a discounted cost of $10 million. This licenses will give the licensees the right to offer online poker, online slots, and table games. There are, of course, a ton of other significant developments in the Keystone State as far as the gambling industry is concerned, but one of the most interesting ones is the fact the state is very likely to join the shared liquidity pool that already consists of Delaware, Nevada, and New Jersey.
Gambling, in general, is already quite massive in the United States, and with Pennsylvania’s recent gambling regulation, there is a huge opportunity for growth for all of the four states that allow online gaming. Operators have their eyes set on the emerging market even though it certainly has a long way to go and a few setbacks to deal with, one of them being the exorbitantly high tax rates that the online gambling operators will be subject to. Presumably, the shared liquidity online poker will swoop in to save the day.
Shared Liquidity to the Rescue
Online gaming companies have realized that pooling together online poker players across different states or even multiple countries is a winning strategy for both their business and the government bodies that are looking for increased tax revenue. The idea is to bring together poker players from multiple jurisdictions that would otherwise be segregated. By doing this, the operators are able to significantly and effectively increase the amount of traffic and activity, otherwise known as liquidity, on their platforms.
Online poker companies that operate in Spain, Europe, Portugal, and France are allowed to combine their players into a single player pool. The results have been great so far as by allowing more and greater access to the online poker sites in these jurisdictions, there are bigger tournament prize pools as well as more games for the players to choose from. All these factors subsequently contribute to the main goal of any business, that is, increased revenue. It is also a great opportunity for the governments, or any other form of authority, to benefit from the tax revenue generated by the online poker operators. Depending on how it is implemented, the shared liquidity online poker that Pennsylvania will hopefully soon be a part of has the potential of changing the online gaming landscape in the United States.