Tournaments used to be the driving force behind a thriving online poker site. A big tournament series practically guaranteed a high turnout and substantial revenue for online poker sites.
That is not so much the case anymore. Tournament entries remained relatively flat across the board, even with WSOP.com’s Coast to Coast Classic II on the schedule.
On Aug. 5, PokerStars NJ raised its Sunday major guarantee from $30,000 to $35,000. The increase came after incrementally lowering it from $40,000 starting back in June.
A successful NJ Summer Series most likely prompted the action as the online poker site smashed its guarantees for a few weeks in a row. Unfortunately, the move didn’t attract players, and PokerStars NJ posted an overlay on both Sundays.
partypoker NJ barely covered its guarantee on the first Sunday in this report. Covering its guarantee is something partypoker NJ has only done three other times since the beginning of May.
What’s really noteworthy is all three operators failed to meet their guarantees on Sunday, Aug. 12, even WSOP.com. It is the first time since shared liquidity launched in May, that WSOP.com was unable to reach its major Sunday tournament guarantee.
The WSOP.com $500 Coast 2 Coast II #33: $250,000 Main Event reported 445 entries which resulted in a massive $42,185 overlay.
Looking at the trend lines from the past eight weeks, WSOP.com is showing a definite decline. It’s not surprising after the initial excitement around combining player pools between Nevada, Delaware and New Jersey.Things appear to be settling down into a new standard post-WSOP in Las Vegas — whatever that means.
PokerStars NJ and partypoker NJ, however, are both showing upticks in their trend lines. This fact is most likely because players are back home from the Nevada desert and getting back into their regular Sunday grind.
Contact Person: Mr. Creel