{"id":162277,"date":"2021-01-25T03:52:45","date_gmt":"2021-01-25T11:52:45","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=162277"},"modified":"2021-01-25T09:55:15","modified_gmt":"2021-01-25T17:55:15","slug":"888-executive-us-online-poker-to-benefit-from-latest-wire-act-ruling","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/888-executive-us-online-poker-to-benefit-from-latest-wire-act-ruling\/","title":{"rendered":"888’s Sherman Says US Online Poker May Benefit in Latest Wire Act Ruling"},"content":{"rendered":"

A recent federal appeals court\u2019s decision against a Trump Administration-era opinion on the Wire Act will almost certainly lead to exponential growth in online poker in the US. That\u2019s according to 888 Holdings Yaniv Sherman, who talked with Casino.org<\/em> after the ruling.<\/p>\n

\"888
Yaniv Sherman, a senior vice president and head of US operations for 888 Holdings, said last week’s ruling by a federal appeals court may finally allow other states to join the shared liquidity poker agreement. That would allow online poker revenues to substantially increase. (Image: 888 Holdings)<\/figcaption><\/figure>\n

Currently, only Delaware, Nevada, and New Jersey participate in the Multi-State Internet Gaming Association. That allows sites, such as WSOP.com, to operate in those states to have players play against each other. That connectivity allowed the World Series of Poker to hold the first two days of its COVID-forced hybrid-format Main Event<\/a> in both New Jersey and Nevada last month.<\/p>\n

\n

There’s interest among other states in joining the group. Michigan Gov. Gretchen Whitmer (D) signed a shared liquidity gaming bill into law a couple of weeks ago. Pennsylvania\u2019s expanded gaming legislation passed in 2017 would allow the state to enter the multi-state compact. However, Pennsylvania and other states have been hesitant to join. That\u2019s due in large part to the Wire Act opinion the Department of Justice posted for review in 2018.<\/p>\n<\/div>\n

Before then, the 1961 law had been accepted as having a narrow application for using communications devices to transmit sports betting information across state lines. Trump\u2019s Department of Justice sought to expand the scope of the law to apply to other forms of gaming. However, that led to the successful lawsuit filed by the New Hampshire Lottery Corp.<\/p>\n

As President Biden was sworn into office on the day of the First Circuit Court of Appeals decision<\/a>, it seems unlikely that an appeal to the Supreme Court will take place, as the new president was cool to the idea of an expanded Wire Act scope.<\/p>\n

The More States the Merrier for Online Poker<\/h2>\n

Sherman, who serves as a senior vice president for 888 and head of its US division, noted that online poker in New Jersey generated about $38 million in revenue for licensees. In neighboring Pennsylvania, where, for now, players can only compete against others in the state, poker sites made $36 million.<\/p>\n

Combined, New Jersey, Nevada, and Delaware have a population of slightly less than 13 million. That\u2019s roughly the same size as Pennsylvania. Add in Michigan\u2019s 10 million residents, and Sherman said the pool of players becomes quite sizeable.<\/p>\n

And while the expansion of gaming may have a cannibalizing effect to some extent as other states approve sports betting and consider iGaming, Sherman said that won\u2019t happen with online poker.<\/p>\n

With poker, it’s a net positive for everybody because it continues to grow,\u201d<\/strong> Sherman told Casino.org<\/em>. \u201cIf you have those (five) states, it could be well north of $200-$250 million in the short term.”<\/strong><\/p><\/blockquote>\n

“And if you’re looking at the 2025 joint projections that we’ve seen from Morgan Stanley and other reputable analysts and banks, you\u2019re talking about the gaming market being worth anywhere between $10 to $12 billion in 2025. Then I would argue that poker out of that should be well-positioned for about a 10 percent share,” he continued.<\/p>\n

With the favorable Wire Act ruling, Sherman hopes it will lead to more progress on the iGaming front. It may lead to West Virginia, another state with iGaming, to become part of the multi-state network. Elsewhere, nine operators in Michigan<\/a> launched their casino apps this past weekend, and other states — like Indiana<\/a> — have filed bills to allow online poker and casino gaming.<\/p>\n

\u201cWith more liquidity and more states, we can offer an amazing customer experience across the nation,\u201d he said. \u201cWe\u2019re very excited about this. I mean, it\u2019s been something we\u2019ve been waiting for for a very long time.\u201d<\/p>\n

888, Caesars Extend WSOP.com Agreement<\/h2>\n

While 888 operates its own online gaming websites, it also serves as a back-end provider platform provider as well.<\/p>\n

The day before the Wire Act ruling, 888 and Caesars Interactive Entertainment announced a multi-year extension of their business-to-business partnership. The deal means 888 will continue to provide the platform for Caesars\u2019 WSOP.com poker room.<\/p>\n

With the extension in place, Caesars is looking to expand its online iGaming and poker network into other states.<\/p>\n

\n

In addition, 888 plans to roll out its \u201cPoker 8\u201d platform in the US because of the deal. Sherman said the new platform will offer benefits across the board for players of all skill levels. That includes more mobile functionality to allow players to play more games on their phone or iPad and multitask easier while playing.<\/p>\n<\/div>\n

\u201cWe added a portrait mode, which was important for players, because we realized that they wanted to be able to play with just one hand,\u201d he said.<\/p>\n

The new platform also includes responsible gaming enhancements to ensure players are playing within their means.<\/p>\n

Sherman noted 888 officially launched in Europe in November and said players liked using the new platform.<\/p>\n","protected":false},"excerpt":{"rendered":"

A recent federal appeals court\u2019s decision against a Trump Administration-era opinion on the Wire Act will almost certainly lead to exponential growth in online poker in the US. That\u2019s according to 888 Holdings Yaniv Sherman, who talked with Casino.org after the ruling. Currently, only Delaware, Nevada, and New Jersey participate in the Multi-State Internet Gaming […]<\/p>\n","protected":false},"author":45,"featured_media":162283,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[73288,33810,19,14],"tags":[],"acf":[],"yoast_head":"\n888 Executive: US Online Poker to Benefit from Latest Wire Act Ruling<\/title>\n<meta name=\"description\" content=\"888 executive Yaniv Sherman said online poker revenues will likely soar as more states agree to join the shared liquidity pact.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/888-executive-us-online-poker-to-benefit-from-latest-wire-act-ruling\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"888 Executive: US Online Poker to Benefit from Latest Wire Act Ruling\" \/>\n<meta property=\"og:description\" content=\"888 executive Yaniv Sherman said online poker revenues will likely soar as more states agree to join the shared liquidity pact.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/888-executive-us-online-poker-to-benefit-from-latest-wire-act-ruling\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-25T11:52:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-01-25T17:55:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/01\/YanivImage2-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1991\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Steve Bittenbender\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steve Bittenbender\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/888-executive-us-online-poker-to-benefit-from-latest-wire-act-ruling\/\",\"url\":\"https:\/\/www.casino.org\/news\/888-executive-us-online-poker-to-benefit-from-latest-wire-act-ruling\/\",\"name\":\"888 Executive: US Online Poker to Benefit from Latest Wire Act Ruling\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/888-executive-us-online-poker-to-benefit-from-latest-wire-act-ruling\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/888-executive-us-online-poker-to-benefit-from-latest-wire-act-ruling\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/01\/YanivImage2-scaled.jpg\",\"datePublished\":\"2021-01-25T11:52:45+00:00\",\"dateModified\":\"2021-01-25T17:55:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/eb30e765d812fc9b38b333f8d13068b2\"},\"description\":\"888 executive Yaniv Sherman said online poker revenues will likely soar as more states agree to join the shared liquidity pact.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/888-executive-us-online-poker-to-benefit-from-latest-wire-act-ruling\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/888-executive-us-online-poker-to-benefit-from-latest-wire-act-ruling\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/888-executive-us-online-poker-to-benefit-from-latest-wire-act-ruling\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/01\/YanivImage2-scaled.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/01\/YanivImage2-scaled.jpg\",\"width\":2560,\"height\":1991,\"caption\":\"Yaniv Sherman, a senior vice president and head of US operations for 888 Holdings, said last week's ruling by a federal appeals court may finally allow other states to join the shared liquidity poker agreement, which would allow online poker revenues to substantially increase. 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