How Does New Sport Betting Law Affect Online Poker?

How Does New Sport Betting Law Affect Online Poker
Gaming stocks rally – In the meantime, many of the gaming and casino companies behind online gambling in the US are expected to be sports betting leaders as well. A fact that could bode well for the continued growth of online poker. News of the Supreme Court’s sports betting decision sparked a rally in gaming stocks.

According to Reuters, online gambling and sports-betting technology company Scientific Games ‘ stock rose 11 percent. Meanwhile, stock prices of casino and racing companies including Penn National Gaming (4.7 percent), Caesars Entertainment (5.5 percent), and Churchill Downs (4.9 percent) were all up as well.

Legal sports betting clearly means increased revenues for the same companies behind online gambling and online poker. That may have no direct effect on the online poker side of things. However, bolstered revenue for the various companies behind online poker gives them increased staying power.
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Will online poker become legal in US?

Currently the only legal markets are in Nevada, Delaware, New Jersey, Pennsylvania, West Virginia, and Michigan. Online poker went live in Michigan on January 29, 2021.
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What happened to online poker?

Poker Players shut out? – 3 of 4

How Does New Sport Betting Law Affect Online Poker Gaye Gerard/Getty Images The online poker player will have to find new ways to play cards with the latest accusations. The biggest problem for the companies is receiving funds from a player that lives in the U.S. In the case noted above. Poker rooms would accept money by disguising the payments. The payments would be covered up and made to look as if the player was paying a bill or purchasing a gift. Since PokerStars, Full Tilt Poker and Absolute Poker were heavily advertised in the United States, it was only a matter of time before they were shut down. If poker players continue to play online they will have to play at their own risk or make a trip to a legal casino in the states to enjoy poker.

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Can you play online poker for real money in the USA?

US poker sites ranked by traffic – Last Updated: December 16, 2022 at 4:31 am GMT

Poker Site 7 Day avg Online Cash 24 H Peak Last Week Play Now
WSOP/888 US 300 619 624 704,658,630,652,705,595,570,578,639,606,633,719,367,725 Play Now
PokerStars NJ 85 55540 12 186 462,433,400,426,521,364,352,445,397,375,404,443,344,331 Play Now
PartyPoker NJ 0,0,0,0,0,0,0,0,0,0,0,0,0,0,0 Play Now
PokerStars MI 170 284 368
BetMGM MI 100 15 183
WSOP MI 60 146 146
PokerStars PA 200 479 503 1101,1071,1041,1083,1166,926,943,959,985,1058,1012,1059,932,841 Play Now
WSOP PA 60 123 158
BetMGM PA 55 77 102
WSOP US 300 619 624 704,658,630,652,705,595,570,578,639,606,633,719,367,725 Play Now

There are currently 5 states that offer legal online poker for real money in the United States – New Jersey, Nevada, Pennsylvania, Michigan, and Delaware, Pennsylvania joined this group when PokerStars went live in the state on Nov.4, 2019. Michigan followed in 2021 when PokerStars went live in January followed shortly by BetMGM in March.
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Can I play online poker for money in Connecticut?

Online poker is not currently legal in Connecticut.
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