Real Gaming will Help Support Nevada/Delaware Traffic
February 26, 2014
When the Nevada gaming market added a third site, South Point-owned Real Gaming, to its online poker market last week, many were skeptical about whether the market share could support a third site.
While many believe the biggest surge in Nevada online poker has come and gone, the question remains whether or not there are enough un-targeted players out there to populate yet another US online poker room with just the populous of Nevada. It was thought that any traffic Real Gaming would get would be at the expense of the state’s other two sites, WSOP.com and Ultimate Poker.
But less than a week later, Nevada and Delaware announced an interstate compact deal that will pool players from both states, potentially increasing revenue, pots, prize pools, and player base. So the doom and gloom surrounding the third Nevada site might not be so valid after all.
However, other parties are still yet interested in tapping into the still shallow market that only encompasses a little less than four million people with the combined populations of both states. 888 Holdings says that it’s been in talks with Nevada regulators for a while, hoping to snag a license and open up shop. Rumored skins to appear on the network include Wynn-owned Treasure Island and a Boyd/MGM partnership also seeks representation in Nevada.
Delaware has three sites, all operated by 888 Holdings, each of which is partnered with one of the three racetrack casinos located in the state.
Overall traffic for Nevada online poker have plateaud and are in line with last year’s spring and summer market numbers, which at the time Ultimate Poker supported by itself.
It’s unknown just how much revenue Nevada has brought in each month, but estimates range between $200K and $750K per month. Actual revenue will be broken out in March with the release of February’s revenue reporting, according to the Nevada Gaming Control Board. The Delaware Lottery reports that Delaware brought in around $111K in November, $140K in December, and $145K in January, numbers that are also seeming to level out.
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