Study: NJ online gambler risked $78.8 million last year

[The Buzz]

Some intriguing statistics from the NJ online gaming market in a report filed by the Rutgers Center for Gambling Studies, including news that one poker player risked $78.8 million in 2015. Other findings included:

• Only a quarter of online bettors were made up of women, and the average player is 40-years-old.
• But once you get into the top 10% of online players - an older group made up of less than 3,000 - woman accounted for more than half of the players.
• Overall, online gambling draws a younger demographic to the tables than actual brick-and-mortar casinos, the study found. Most are employed and "a notable proportion gamble at work."
• The top players averaged more than 440 bets per day, each wagering close to a half-million dollars in 2015. But the average daily wager was under $4.

Here's a link to the report:http://www.state.nj.us/oag/ge/2016ne...mingReport.pdf

And here's a link to an article from NJ.com: http://www.nj.com/news/index.ssf/201...78m_in_nj.html

[ocreditor]

Amazing figures..very interesting reports ! thanks

[TheGooner]

including news that one poker player risked $78.8 million in 2015.

I scanned the report and could not find that piece.

I assume that they are calculating EVERY ante, bet and re-raise in the total to get a huge headline number - especially over a year of play. As I understand no-limit poker then could easily be a thousand or ten thousand times the actual money deposited over the course of a year.

Did they say how much this person deposited and won/lost ?
I could not find it in there.

[sweetbet]

Very interesting report.

[ocreditor]

I scanned the report and could not find that piece.

I assume that they are calculating EVERY ante, bet and re-raise in the total to get a huge headline number - especially over a year of play. As I understand no-limit poker then could easily be a thousand or ten thousand times the actual money deposited over the course of a year.

Did they say how much this person deposited and won/lost ?
I could not find it in there.

I didn't find it as well.. but they did mention that he "risked" I assume this means something

[JackTenSuited]

I didn't find it as well.. but they did mention that he "risked" I assume this means something

Risked just means wagered. If there is a pot with $100k in the middle they may count that towards the figure too.
Looks like a way of inflating figures to me. Would be more interested to see how much they deposited/won/lost etc

[TheGooner]

I didn't find it as well.. but they did mention that he "risked" I assume this means something

As I said "to risk" is a phrase that is akin to "turnover".

I assume that they are somehow calculating EVERY poker bet made during the year - perhaps his personal stats records this number - but it will be a vast multiple of what was deposited ... and it's likely if he's an active player like this then he is a "grinder" or a winning poker player woh actually is maker money at the game.

As an example on the casino side - this month I have had someone join and deposit $550 at a casino, and already "risk" or turnover total bets of $1.3 million in their first week.

I can write a misleading headline report that SCREAMS... "PLAYER RISKS $1.3 MILLION IN ONLINE CASINO IN A WEEK" to get attention ... or I could write "a player deposited $550, and has played that up to $5500 at the moment so is $5000 in profit, by betting $10 at a time."

It depends on whether I want a government grant to help investigate gambling, or what my lobby sponsor wants I guess ?

[ocreditor]

As I said "to risk" is a phrase that is akin to "turnover".

I assume that they are somehow calculating EVERY poker bet made during the year - perhaps his personal stats records this number - but it will be a vast multiple of what was deposited ... and it's likely if he's an active player like this then he is a "grinder" or a winning poker player woh actually is maker money at the game.

As an example on the casino side - this month I have had someone join and deposit $550 at a casino, and already "risk" or turnover total bets of $1.3 million in their first week.

I can write a misleading headline report that SCREAMS... "PLAYER RISKS $1.3 MILLION IN ONLINE CASINO IN A WEEK" to get attention ... or I could write "a player deposited $550, and has played that up to $5500 at the moment so is $5000 in profit, by betting $10 at a time."

It depends on whether I want a government grant to help investigate gambling, or what my lobby sponsor wants I guess ?

Right... thanks for the detailed explanation
Now it make sense to me too

[Parth84]

Yes ! that's what i was reading and it's simply amazing, Great figures !!