Clicky

Shared Liquidity for Online Poker in Pa. Still a Gamble - PennsylvaniaCasinos.com News : PennsylvaniaCasinos.com News
Online_poker_gaming
Published on
Update on

Given the somewhat high level of success that shared liquidity online poker has achieved in New Jersey, the focus has shifted to the long-awaited but pending launch of online poker in the Keystone State. However, there is some bad news – the Pennsylvania Gaming Control Board has stated that at the present moment, it is not able to predict the likelihood that online poker operators in Pennsylvania will be able to combine their state player pools with those in Delaware, Nevada, and New Jersey where online poker is thriving.

Shared liquidity or the merging of player pools is increasingly becoming a vital aspect of the online poker industry both in the United States and the rest of the world especially because it allows the casino operators to offer their customers a wider range of games as well as bigger tournament prize pools. These are definitely significant factors as they give more incentive for the participation of more players at the online poker tables. In general, it culminates in a win-win situation with some of the most notable results being more satisfied customers, greater revenues for operators and, of course, more tax revenue for state authorities.

As it stands, only three states – Delaware, Nevada and New Jersey – have a shared liquidity agreement for online poker under the Multi-State Internet Gaming Agreement (MSIGA). It is worth noting that at present, it is only the All-American Poker Network (AAPN) which consists of 888poker and WSOP.com that operates across multiple all three states. All the rest operate only in New Jersey and therefore Pennsylvania poses the best option for operators in New Jersey hoping to expand their online poker offering in the country.

Even though there has been a general agreement in the past couple of months pertaining to the likelihood of the Keystone State joining the Multi-State Internet Gaming Association, recent comments from the Pennsylvania Gaming Control Board have not been very reassuring. These have raised concern about whether online poker is even in the cards.

“While an interstate compact could certainly occur, at this junction I can’t predict or comment on the likelihood,” Doug Harbach, Director of Communications for the PGCB commented.

Why Is Pennsylvania Important?

As mentioned above, operators in New Jersey will benefit most if and when the Keystone State joins MSIGA. This does not mean that the online poker industry in New Jersey is in trouble. In fact, it remains to be the most profitable internet gambling state in the United States. However, gambling revenues in the state have not increased since the interstate merger and hopefully, Pennsylvania can help push the profit margins up.

Some of the factors that are causing the stagnation of the state’s internet poker market are pretty easy to identify but their overall impact is still debatable. For instance, in New Jersey, poker players have a wide range of gaming options while residents of Nevada only have WSOP.com. For shared liquidity to work, more sites need to have offerings across a number of state boundaries.

Latest Headlines

PGCB Reports Total Gaming Revenue for September

The Pennsylvania Gaming Control Board (PGCB) has recently released the revenue figures for the state’s gambling industry in September. Unsurprisingly, the sector is still soaring as it continues to recover from the ravaging impacts of the COVID-19 pandemic. According to the gaming regulator’s press release, the total revenue for gaming and fantasy sports was a […]

MaximBet to Expand Operations in Pennsylvania

Renowned online sports betting operator MaximBet has recently announced that it has secured market access in Pennsylvania and Ohio. This is a huge leap forward for the company as it continues to pursue its very ambitious growth plans across North America. It will be making its debut in the two markets through market deals which […]

Pennsylvania Poker Seemingly Slowing Down

Gambling revenue in the Keystone State once again went over the $400 million mark in August. This was revealed during a board meeting on September 15 where members of the Pennsylvania Gambling Control Board (PGCB) discussed how the gambling verticals were doing. According to Kevin O’Toole, the Executive Director of the Pennsylvania Gaming Control Board, […]

Pennsylvanian Lawmakers Pondering Over New Gambling Proposal

The Keystone State’s gambling industry has been very successful thus far. Still, there is always room for improvement which is not too surprising considering how dynamic that space is. The Senate will be reconvening for a new session in later September and one of the things that will likely be on the agenda will be […]

Penn National Launches First Mini-Casino in the Keystone State

Penn National Gaming moved from being an opposer of the state’s Category 4 satellite casino plans to being the first operator to launch such an operation in Pennsylvania. As expected, the grand opening of Hollywood Casino York came with a ton of hype of excitement. Gamblers in York County can now access the $120-million state-of-the-art […]

Similar Stories in Gambling

PGCB Reports Total Gaming Revenue for September

The Pennsylvania Gaming Control Board (PGCB) has recently released the revenue figures for the state’s gambling industry in September. Unsurprisingly, the sector is still soaring as it continues to recover from the ravaging impacts of the COVID-19 pandemic. According to the gaming regulator’s press release, the total revenue for gaming and fantasy sports was a […]

Pennsylvania Poker Seemingly Slowing Down

Gambling revenue in the Keystone State once again went over the $400 million mark in August. This was revealed during a board meeting on September 15 where members of the Pennsylvania Gambling Control Board (PGCB) discussed how the gambling verticals were doing. According to Kevin O’Toole, the Executive Director of the Pennsylvania Gaming Control Board, […]

Record Revenue for Pennsylvania Casinos in May

The Keystone State’s online gambling sector has been through a lot since the COVID-19 pandemic hit. The worst of the pandemic is now behind us and the state’s gambling industry is already beginning to gain some level of normalcy. This has translated to very impressive revenues for the industry. The Pennsylvania Gaming Control Board (PGCB) […]

Pennsylvania Lottery Wins Commercial Gambling Lawsuit

While Pennsylvania is certainly one of the most vibrant gambling markets in the United States, there has not been a shortage of issues plaguing various aspects of these operations. Most of them have been relatively easy to handle but some have dragged out for quite some time. One of the most notable ones is a […]