Maryland Matched New Jersey’s Poker Rake in February

Maryland Matched New Jersey's Poker Rake in February

Americas Cardroom

While New Jersey’s poker market waned, Maryland’s grew to unexpected proportions. The two states had roughly the same poker rake in February, bringing up the question: is Maryland poised to overtake New Jersey as the leader of the mid-Atlantic poker market?

New Jersey’s monthly poker revenue includes rake from brick-and-mortar poker rooms as well as online poker operators. The combined total came to $3.68 million in February, which was nearly an even split between live poker ($1.91 million) and online ($1.77 million).

In Maryland, state poker rooms raked $3.6 million in February, and that is without assistance from legal online poker revenue. Maryland’s poker market grew by roughly 25 percent last year after the opening of MGM National Harbor, which brought a stylish 39-table poker room to the state in December 2016.

Before 2017, the poker markets of the two states were not even in the same league, but by the start of last year, there was less than $1 million difference between their poker rake each month. Over the past 12 months, New Jersey’s poker rake has continued to suffer while Maryland’s held relatively steady after the boost from MGM National Harbor.

Compared to February 2017, New Jersey’s online poker is down roughly $400,000. According to CardPlayer, trends show online players in the state are shifting to house-banked poker-style casino games over traditional peer-to-peer ipoker. Add to that a dip in live poker revenue of roughly $200,000, and it is easy to see how the state is struggling compared to neighboring Maryland.