A Projection by Industry Experts marked playing cards
Eilers and Krejcik Gaming recently published its US iGaming Industry Update via Online Poker Report, and the overall projection is positive. The New Jersey online gambling market will grow by 17% in 2017 with more than $33 million in additional revenue added to its numbers. The trend of market growth in the past few years supports that estimate.
However, online poker will trend in the other direction. All of the projected growth will come from online casino games, with online poker expected to bring in $1.5 million less in 2017. With recent cash game traffic declines and the initial excitement of PokerStars’ entry to the market gone, the anticipated decline is not surprising to those who follow the industry closely.
Of course, the same study predicts that at least one more state will legalize and regulate online poker in 2017, with up to three states lingering as possibilities. Even so, there will be many months of establishing regulations and setting up the new framework, completing the licensing process, and beginning game testing. No new online poker will likely be available until 2018.
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