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New Jersey Online Poker Event Sees Huge Field

PartyPoker/Borgata $100K Guarantee Gets 768 Players

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New Jersey’s online poker industry started in late November of last year, and over the past few weeks it appears the industry is gaining some more steam.

An online poker site from PartyPoker and Borgata drew a whopping 768 entrants for the $200 buy-in $100,000 guarantee this past Sunday. The guarantee was crushed, making it the most successful of its kind to date in the Garden State.

Other sites are beginning to see prize pools for their flagship events stabilize.

The current cash game numbers for New Jersey poker sites are as follows (numbers represent the most current seven-day peak): PartyPoker/Borgata — 579; WSOP — 342; 888 (All American Poker Network) — 286; and Ultimate Poker — 52.

For comparison, Delaware’s poker network was at 56 cash game players for a peak, while WSOP (Nevada) and Ultimate Poker (Nevada) were at 250 and 117, respectively.

Ultimate Poker in Nevada was the first real-money site in United States casino history.

Official revenue figures aren’t out yet for Nevada, though it was estimated that online poker accounted for $200,000 in the most recent gaming revenue tally. Online gambling in New Jersey generated $9.4 million during January. February’s numbers should be out soon.

The amount of casino win could trend up thanks to more depositing and cash out options for players. Since the industry is still in its infancy, some have experienced issues.

More than 200,000 online gambling accounts have been created in New Jersey. There aren’t any numbers for Nevada. Delaware’s turnout has been minimal so far (around half of Nevada’s size), but recently the state brokered a deal with Nevada in order to share liquidity for online poker. It hasn’t yet been announced when that will begin.

Nevada has a population of around 2.7 million; Delaware has around 900,000; New Jersey sits with 8.7 million, but it’s in close proximitity to big cities.

Cash game figures via PokerScout.com.