Hit and Run: Update on NY DFS Saga; PokerStars Live in NJ; Canadian Wins 10th Anniversary Sunday Million

Steve Ruddock : March 21st, 2016
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PokerStars was given the green light by the NJ DGE on Monday. PokerStars raises fees on global players, but still the best in business. DFS sites reach agreement with NY AG. And more.

PokerStars NJ moves on to full launch phase

After five days of testing, the New Jersey Division of Gaming Enforcement has given PokerStars the go-ahead to operate on a full-time basis in the Garden State, making it official: PokerStars is back in the United States.

Oddly, the site’s soft launch seemed to have been underreported, especially by the mainstream press, but now that the DGE has signed off on PokerStars there has been a rash of poker and mainstream columns filtering in, and the magnitude of what just happened, a company that was indicted by the DOJ just five years ago offering legal, regulated online gambling, is now being realized.

Here are some of the columns of note I’ve come across today:

Quick Hitters

- Speaking of PokerStars, on the day that the company went live in New Jersey they also decided to spring a new rake hike on their global players. As the PokerStars announcement notes, even with the rake increases they’re still charging players less than the vast majority of their competitors.

- A Canadian online poker player was the big winner this weekend, winning the 10th Anniversary Sunday Million at PokerStars and pocketing nearly $1 million after cutting a final table deal. The tournament easily hit its $10 million guarantee (by over $1 million) and will go down as the fourth largest tournament in online poker history.

- The long running “Live at the Bike” show will soon be a part of Poker Central’s lineup.

- The New York Attorney General has reached a settlement agreement with FanDuel and DraftKings that will see the two daily fantasy sports titans cease operations in New York until either a law is passed or they reach trial, currently scheduled for September. Their compliance means they face far less of a legal threat should they lose their court case.

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