Thursday October 17,2013 : NEW JERSEY ONLINE POKER MARKET EXPECTED TO GENERATE $39 MILLION
Exceed $65 Million in an open network scenario
According to a report by Academicon and PokerScout, the New Jersey online poker market is expected to generate between $39 million and $65 million in its first year of operation, rising to between $55 million and $92 million in its tenth year.
The expectation is largely reliant on whether the pastime is kept within state lines or taken to a federal, interstate or international level.
Revenue from New Jersey players accounted for 3 percent of the U.S. market and 0.8 percent of the International online poker market at the time.
Study researchers surmise that in an open network scenario, revenue can be expected to grow from between $65 to $92 million.
The analysed data on 4.6 million real-money online poker players during 2009 and 2010 found that 38 100 online poker players in New Jersey spent on average $765 per year.