With the US online poker market still growing and interstate compacts in place, it’s becoming more difficult to predict what the size of this nascent industry will be. Unofficial sources have previously estimated that there are over 10 million active players in America with annual revenue of $6 billion generated by 500,000+ sites. Those numbers might seem optimistic but they’re likely not too far off.
The “when will online poker be legal in us” is a question that many people ask. The answer to this question depends on the state you live in. States with interstate compacts are more likely to legalize online poker sooner than states without interstate compacts.
Over the previous two years, the online poker sector in the United States has continued to develop and generate good income. Many stakeholders, on the other hand, are looking forward to the extension of interstate compacts.
WSOP.com is now the sole operator with shared liquidity in Nevada, New Jersey, and Delaware alongside 888poker. However, as other jurisdictions get on board the online poker bandwagon, interstate compacts provide the greatest chance of seeing even more participants and higher prize pools.
USPoker looked at the state of online poker in the United States and where it may go if shared liquidity becomes the standard.
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How large may the online poker business in the United States grow?
Currently, five states in the United States have legalized and regulated internet poker. The following states and populations are among them:
Online poker is also legal in West Virginia (1.8 million people) and Connecticut (3.6 million people). However, no operators have yet begun operations in those states. When all of these states with authorized online poker are joined together, the total population is about 41.2 million individuals.
This would almost probably result in a big number of players. Interstate compacts are the US’s best chance for future growth. All other operators now operate in ringed-in contexts, which means they can only play other players in that condition.
In 2021, the Biden administration expressed little interest in challenging the Wire Act verdict, paving the stage for potential expansion.
Other states, including Illinois, have shown interest in authorizing internet gambling, including poker. In contrast to sports betting, poker has taken a long time to gain acceptance. However, many are optimistic that the year 2022 would offer more positive news to the sector.
How does online poker in the United States stack up against the rest of the world?
The concept of federal online poker law in the United States is a pipe dream. However, the sustained state-by-state strategy, along with interstate compacts, opens the door to the next best thing to big-time online poker, which hasn’t been seen in the United States since before Black Friday.
When it comes to determining how big it may be, a glance at some state traffic statistics could help. The Globe Online Poker Traffic Report from PokerScout examines sites from all around the world.
The seven-day average provides a picture of the different sites. On Monday, international giants PokerStars (1) and GGPoker (2) had 6,600 and 6,400 players, respectively.
Getting to those types of numbers is probably out of the question. But how would American operators fare? Take a peek at the US-based platforms’ seven-day averages:
For the entire US market, these figures add up to about 1,200 players on a seven-day average. This isn’t even taking into account the expected inclusion of Connecticut and West Virginia in any compacts.
According to PokerScout, if the whole US market were examined as a whole, it would rank somewhere in the top ten. During the same time period, 888poker’s international site averaged 950 participants.
Here’s what individual operators would look like if all of their present statuses shared liquidity.
With a seven-day average of 600 players, PokerStars is undoubtedly the most popular US online poker company. With the inclusion of its own ringed-in market of Pennsylvania to its Nevada/New Jersey/Delaware group, WSOP/888 now has 325 players. With 220 players, Partypoker came in third.
PokerStars USA would be the world’s 12th-largest site, only behind its Italian platform, with 600 players. That website is a fenced-in market for Italian participants alone. With those stats, WSOP.com would also stay in the top 20.
What’s in store?
The idea is that a merged US market presents a genuine opportunity for development. When Connecticut and West Virginia are included, the totals rise much higher.
Legalization in states with bigger populations, like as Illinois and New York, expands the pie even further. The US market has gained some genuine momentum in recent years, although slowly.
Major poker providers such as PokerStars and partypoker clearly see the United States as a potential development market. GGPoker has even hinted at a possible expansion into the United States.
As more states permit mobile sports betting, the assumption is that they will eventually legalize online poker and gambling as well. That remains to be seen, but many players are praying for that outcome.
Interstate compacts might help these particular state figures rise as well. Players may be more inclined to participate in the activity as prize pools and tournaments grow in size.
The inclusion of interstate compacts would also be beneficial, and 2022 might be the year when those expansion plans are implemented. Players are caught in a waiting game in the meanwhile.
The “best us online poker sites” is a tool that can be used to forecast the size of the US online poker market. This tool is based on interstate compacts, which are agreements between states to cooperate in regulation and taxation of gambling activities.
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