- Gambling revenue tumbles in PA and NJ as a result of the coronavirus pandemic
- PokerStars stands as the only PA online poker site offering services to PA players
- PokerStars generated $1.8 million in revenue in February and expects to improve further in March and subsequent months
- Due to the COVID-19 pandemic, both Pennsylvania and New Jersey have propped up to save their ailing casino sector by providing online alternatives
- The operator is still pushing its SCOOP (Spring Championship of Online Poker) in PA and NJ
The current coronavirus pandemic has forced many land-casinos to shut down leading to land-based casino and poker revenue to disappear. Mount Airy Casino, which partners with PokerStars, remains the lucky winner since it is the only online cardroom in Keystone State.
February Results affected by COVID-19
The latest gambling month-over-month revenue results posted in PA and NJ by the official gaming commissions have shown a tumble due to the present pandemic and February being a shorter month.
As of today, due to the lack of socializing, which would in turn aid the spreading of COVID-19 further, PokerStars remains the only PA online poker site that can help bring a fair chunk of returns to PA players over the month. The operator in February amassed gambling revenue of $1.8 million as announced by the Pennsylvania Gaming Control Board (PGCB) and this number is expected to improve in the coming months.
Poker has been performing well and amid the coronavirus pandemic, Pennsylvania and New Jersey have come through for their ailing casino sector by providing online alternatives. The online casinos now remain the ideal alternatives with the lack of events forcing the suspension of sports betting.
As it stands, all casinos in the US have been shut down and unless players access the online cardrooms legalized in their states, poker results are expected to be affected.
The operator is still going on with its SCOOP (Spring Championship of Online Poker) in NJ and PA with the availability of a few other alternatives as well. The lack of sufficient liquidity, however, remains the biggest challenge the poker states are facing. Most players have instead opted to play offshore due to the bigger tournaments they offer.
As the PokerStars, the biggest PA online poker site, generates revenue of $2 million, for example, the offshore cardrooms, in their guaranteed prize pools, are awarding over $2 million.
While many operators work out to gain more demand in March and the subsequent months, Valley Forge Casino stands as one of the best-performing properties in PA claiming 25% of the revenue.
Mount Airy Casino remains ‘lucky’
The casinos are still expected to announce further tumble and this may leave Mount Airy Casino, partners with PokerStars, as the only property claiming revenue. No official launch communication has been made concerning WSOP.com and partypoker and this makes it both a good and bad time for PA online poker players.
The major highlight of many PA online poker options is that bigger and better prize pools will be offered which in turn will attract larger crowds. The downside of it is that the launch of the other cardrooms is not close.
While PA residents depend on PokerStars for poker, partypoker and Poker Central went on with their $15 million GTD series spread across 30 events. The event was poised to take place between April 12, 2020, and April 26, 2020. With the rule of reducing physical socialization, the Poker Masters Online Series was played at the comfort of one’s home.