Online poker shared liquidity partnership between New Jersey and the UK
New Jersey is examining the possibility to partner with the United Kingdom and create shared liquidity in online poker.
US.- The New Jersey Division of Gaming Enforcement (NJDGE) is looking to partner with the United Kingdom to share online poker player pools in the near future.
Back in 2013, New Jersey legalised online poker and is one of the three states in America to have regulated online poker. However, the revenue generated from the online poker market in the Garden State has been disappointing and the NJDGE has been looking for ways to boost the sluggish sector.
On the other hand, the online poker market in the UK is one of the oldest gambling markets in the world, whilst New Jersey accounts for more than ninety percent of legalised gambling in America. If New Jersey and the UK launched shared online poker liquidity, the common platforms that would benefit from the arrangement include Gamesys, 888.com, Betfair, GVC and PokerStars.
There is a number of issues gaming legislators will have to sort out before shared liquidity can become a reality, such as developing specific regulations, deal with geo-location and player ID matters, and appropriate tax rates that can be applied in both jurisdictions.
“With 9 million people in New Jersey, and more than 63 million in the United Kingdom, this would mean a massive increase in liquidity for New Jersey operators,” said David Rebuck, NJDGE Director in a statement. “Even when you discount children and non-gamblers, it gives us access to a market that is very familiar with online gaming. That number is one-fifth of the total U.S. population.”
