RealGaming.com is the latest entrant to the Nevada online poker market.
South Point Casino owner Michael Gaughan has delivered on his promise to launch a real-money online poker site in Nevada. At one time, it was thought that his product might be first to market.
Instead, it now joins competing sites
UltimatePoker(now closed) and WSOP.com in an online poker market that began last April.
RealGaming seems to have made good use of the extra development time, and they come to market with an all-new software solution developed in-house. Their platform offers players a chance to play from PC, Mac, smartphone or tablet. This device flexibility should be a nice competitive advantage. It will be interesting to see if South Point can grow the online poker market with their new platform, or if their player base will mostly come at the expense of the other rooms.
There is another interesting side effect of South Point’s launch. Since the market now has three operators competing, the state can begin publicly disclosing revenue details from the market. Current estimates put the market size between $250,000 and $500,000 per month in revenue. It will be interesting to see how those estimates compare to the official results.
Even if the real numbers come in higher than expected, it is clear that Nevada’s poker-only approach is generating far smaller revenue numbers than New Jersey’s online casinos where full casino-style gambling is allowed. New Jersey gaming authorities recently released revenue numbers for the state’s third month in operation. January online gambling revenues in New Jersey were $9.5 million.