With the signing of the interstate liquidity sharing compact, Delaware and Nevada had hoped they would improve their Internet gambling revenue figures.
Online poker requires a good player pool to thrive and the purpose of this pact was to assist the two states increase iGaming revenue. For the poker industry, it seemed to be a win-win situation.
The latest figures do not prove that Internet poker is doomed in Delaware, but instead caused some concern about the effectiveness of the shared liquidity agreement with Nevada.
However, the outlook is not completely bleak for online poker. Revenue from online Poker in New Jersey is very good, with the state generating nearly $2 million in May and June this year. New Jersey benefits from a large population, but even taking that into account, these revenue figures are sure to make the states that currently have no intention of legalizing online poker think again.
Following Black Friday, the American poker community, and associations such as the Poker Players Alliance in particular, have been lobbying hard for online poker’s legalization and regulation at both the state and federal level levels.
Currently, only Nevada, New Jersey and Delaware have decided to license and regulate online poker. However, states such as Texas and California are working hard to pass their online poker bills in to law. Texas Rep., Joe Barton and Senator Leticia Van de Putte are pushing very hard for both state and federal online poker legislation.
But bills like these will pass only if the politicians expect a significant financial gain for their state.