Online Poker Revenues Go Even Lower in October for Delaware

The state of Delaware is one of only three states in the US that offers online gaming options, both poker and casino. The state has not met the high estimates of earnings for online gaming as estimated but continues to be able to earn something in the industry. However, over the past few months, revenues have been less than stellar. For September, the state hit an all-time low and now for October they have went even lower.

In October, the three gaming facilities who offer online options were only able to earn just over $24,000 for the month. Harrington Raceway, Delaware Park and Dover Downs all struggled for the month and saw a 2% decrease from the month of September. This is a super low time period for the state as they are supposed to be celebrating their 2 year anniversary of operation but are seeing these low figures.

After a period of 24 months of operation, the results are in. The state has been able to earn $1,102,712 during the two year time frame which is an average of about $45,946 a month. However this amount has only been reached during one month of the last 17 of operation.

The state thought revenues would be boosted once they joined forces with Nevada to provide interstate online poker gaming. There was a significant boost in earnings but not the numbers the state expected to see now that residents of Nevada could get in on the action. The novelty seems to have worn off and the state can barely hit the $20,000 mark for the month.

Despite the lower numbers in revenues, the state has been able to continue to see new signups at the online gaming sites. Players continue to create new accounts for each facility’s website, with at minimum 300 new accounts created each month.

Delaware Park to Host Championship Series

Across the United States, poker players have access to live events which offer nice prize pools and unique formats. At Delaware Park, players can take part in poker gaming or access unique tournaments when the venues decide to host a live event. This October, the racino will play host to the Mid Atlantic Poker Championship, which will include 18 tournaments of varying formats.

From the 14th of October to the 26th, the series will provide large prize pools, with guaranteed prizes from $2,500 to $150,000. According to Kevin Castora, the Manager of the Poker Room for Delaware Park, stated the venue is upping the ante for the 2015 series.

The preliminary events will have three championship events. Players in the area can take part in the $1,500 PLO championship as well as the $550 Heads-Up Championship, which will have the best two out of three matches. The main event will then take place and will have a buy-in of $1,090.

Every event on the schedule will run for one day only, providing a winner at the end of every day. Only four events, #4, #10, #12 and #13 will take part over multiple days. Multiple satellites will be offered, allowing players to earn their seat for very little money. Players will find satellites offered in several different forms from the standard option to turbos.

Players in Delaware can choose to take part in every event or a select few. Stay for a few days or choose to stay in the entire time to have access to top quality entertainment and premium prize pools. Below is a look at a few choice events on the schedule.

Event #1              MAPC Kick Off Classic—NLH                        $40,000 guarantee                           $340 buy-in

Event #2              Black Chip Bounty                                            $10,000 guarantee                           $250 buy-in

Event #3              Colossal Stack—NLH                                       $15,000 guarantee                           $150 buy-in