Online poker companies continue to make more money than ever during the pandemic
In May, a few months into the pandemic, the online gaming industry was seeing record highs in terms of overall revenue. As coronavirus cases have risen even higher since then, so have online casinos’ revenues. New Jersey hit a monthly record of $93.5 million in October revenue from online poker and online casinos, up 106.7% from October 2019. Pennsylvania saw its online casinos and poker rooms generate a record $59.8 million in gross operator revenue for October, a record for the keystone state. New Jersey and Pennsylvania — along with Nevada — are two states that typically have the most online gaming revenue and are generally good indicators for the industry. The trend toward online poker likely won’t change in the coming months as the weather starts to get colder.
“On a purely business level, it strengthened our business. Our business has really thrived,” Max Bischel, VP of U.S. Business at Gambling.com, told MarketWatch. “We had more people focused on online casinos. The online business grew substantially throughout Q2 and Q3 to a new level.”
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