New estimates of New Jersey’s annual online poker market projects earnings of $39 million to $65 million in its first year alone, with annual earnings projections jumping to between $55 million and as high as $95 million in 10 years. The New Jersey online gaming market is officially set to open this November of 2013. These numbers just reflect the online poker segment of the all-encompassing online gaming label.
Preparers of this report, researchers PokerScout and Academicon analyzed more than 4 ½ million poker players between 2009 and 2010, just when unregulated (read: “illegal”) online poker in the United States was in the height of its boom. The researchers found that an average of $765 each year was being spent by 38,100 New Jersey residents playing online poker. That extrapolates to an estimated $29.13 million market. Players in New Jersey account for just over ¾ of one percent of the world online poker market (0.8% to be exact), while they account for 3% of the United States online poker market.
Academicon Partner Dr. Ingo Fiedler and Associate Dr. Kahlil Philander utilized the data on the 4.6 million online poker players to draw a map that’s considered a reasonably accurate representation of the unregulated, illegal online poker industry during the boom and before the events of Black Friday, April 15, 2011 when the U.S. Department of Justice effectively shut down the then-booming U.S. online poker industry. The results of the Academicon researchers analyses have been published over 51 different reports.