The online poker industry is booming, but can it make up for what casinos are losing?
Market Watch: With most sports leagues on hiatus and casinos across the country closed because of the coronavirus, a lot of people have been placing bets online from home, leading to several records in online gambling numbers in 2020.
Among the states that have seen huge jumps in online poker numbers are New Jersey and Pennsylvania.
New Jersey took in a record $79.9 million from online poker and casino games in April — a 118% increase from the $36.6 million in revenue the state had in April 2019, according to the state.
Pennsylvania also had a record-breaking April with online poker and casino games, as the state has doubled its revenue from online games since February, according to the Pennsylvania Gaming Control Board.
The four most popular online games are slots, blackjack, craps and roulette, according to PlayUSA. MORE HERE
A coworker several years ago said he made consistent money on internet poker, playing against other players. Which means if you know what you’re doing you can make money, and if you don’t you are guaranteed to lose.
Of course if you are playing games of chance you are guaranteed to lose.
Just use the money to light your cigars.
One of my sons had a gambling problem…. I didn’t realize it until he admitted it to me. He met a beautiful young woman who would not have any part of his ….. problem. As far as I know he hasn’t even purchased a rub off ticket since 2016.