New Jersey Is Considering An Interstate Online Poker Compact

New Jersey State FlagWith Nevada and Delaware signing an agreement back in February of this year that will join their states in an online poker partnership to share liquidity, a question that has been on everyone’s mind is whether New Jersey, which is the only other state to have regulated online poker in the up until this point, will do the same?

Up until fairly recently, it seemed there was little interest in New Jersey signing any kind of interstate agreement with one of the already regulated U.S. states. Which was understandable, since the Garden State’s population of more than 8 million was significantly bigger than the other states.

But even still,  it hasn’t all been smooth sailing for New Jersey. In March, online poker accounted for $3.2 million in revenues, and $3.1 million was generated in February, which is largely unimpressive when compared to the growth of the online casino sector following the regulation of online gaming in the Garden State.

New Jersey has reportedly been in discussions with Nevada and Delaware regarding online poker compact agreements but nothing has come to fruition as of yet. Discussions have no doubt been influenced by what has been a fairly stagnant New Jersey online poker market in recent times.

Mario Galea, a former CEO of the Lotteries and Gaming Authority in Malta who is now an online gaming consultant for the New Jersey Division of Gaming Enforcement, believes and is confident that New Jersey will enter into an interstate agreement before the year’s end.

The former Chairman and CEO of the Lotteries and Gaming Authority has come out and said that the Garden State is looking at the compact agreement that was signed between Nevada and Delaware which allowed for other states to join and share player pools and liquidity across the network upon approval and is fairly confident that the state of New Jersey will also come to an agreement at some point in 2014.

Even though New Jersey has yet to come to an agreement with Nevada or Delaware, it can definitely be said that the Garden State has been contemplating the idea of an interstate compact between other regulated states in the United States for a while now, since they understand that combining player pools is better for liquidity and it will be a whole lot more effective than trying to do things on their own.

Furthermore, New Jersey already has the infrastructure in place to be able to share data among states. From the beginning, the state knew that in order to have a viable shot at the lucrative online poker industry in the United States, it could not do things alone, and this lead to New Jersey designing their conceptual framework to accommodate for the sharing of data between states it signed an agreement with.

So at this point it seems as though it’s only a matter of time before an agreement between Nevada or Delaware is likely to happen.

Nevada Governor Brian Sandoval has gone on the record for saying he has been in conversations with New Jersey in regards to signing an interstate online poker compact hopefully sometime in 2014.

Interestingly, regulated online poker markets in Europe, including France, Spain, and Italy have not at this point in time begun sharing data amongst themselves, although gaming regulators from Italy and Spain have been in talks about the possibility of doing such a thing. This would hopefully provide the much needed boost for European online poker markets that have experienced declines in gaming revenues over the past year.