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      Analysis

      Online Poker Revenue Boosted By PokerStars’ Move To FanDuel, Launch Of Shared Liquidity

      April 1 changeover returned poker play to an upward trajectory, at least for first month

      By Eric Raskin

      Last updated: May 27, 2026

      2 min

      poker hole cards

      With one month of revenue figures in, parent company Flutter’s decision to shutter the standalone PokerStars app, move the quarter-century-old poker brand under the FanDuel umbrella, and finally introduce interstate pooling across the three major legal states has provided a pronounced boost. It will take a second month of reporting, however, to indicate how much that boost owes to welcome offers and other big-splash promotional pushes.

      At 8 a.m. on April 1, Flutter completed the transition to the new PokerStars Exclusively on FanDuel branding and app linked to FanDuel Casino and unified the player pools in New Jersey, Pennsylvania, and Michigan so that customers in those three states could compete against each other. That move came with heavy promotion, including a 100% first-deposit bonus match, $30 worth of free tournament tickets, and lots of hype around two April 12 Sunday Million tournaments with $500,000 guarantees.

      Michigan does not separate out online poker in its monthly revenue reports, so we can’t attach numbers to the impact of the move there.

      But in Pennsylvania and New Jersey — and with the convenience of the April 1 changeover timing making it easy to compare April data to the figures from March and other months — the numbers paint a clear picture of the new PokerStars/FanDuel operation getting a positive bounce and the overall online poker revenue picture swinging upward with it.

      Inside the numbers in NJ and PA

      In Pennsylvania, FanDuel’s peer-to-peer poker, tethered to Valley Forge Casino Resort, produced $1,034,096 in revenue in April. The three previous months, when the PokerStars brand was still tethered to Mount Airy Casino Resort, the numbers were $794,501 in January, $703,412 in February, and $601,217 in March (a figure that likely dipped because the changeover had been announced and players were encouraged to begin withdrawing their PokerStars funds).

      So April’s revenue number was a 47.8% improvement over the revenue average from the prior months in 2026.

      Your poker Sunday just got bigger today with PokerStars exclusively on @FanDuel
      .

      Our headline Sunday events now with a combined $125,000 in guaranteed prize pools with an increase in the Sunday Dynasty guarantee recently:

      🔥$100,000 Sunday Dynasty, $100 buy-in, 6pm start… pic.twitter.com/cr4lb7gtJw

      — PokerStarsUSonFanDuel (@PokerStarsUSA) May 24, 2026

      In New Jersey, the bump in April was even more substantial, percentage-wise. After PokerStars (tethered to Resorts) reported revenue of $556,575 in January, $477,515 in February, and $427,488 in March, FanDuel’s version of the poker product (tethered to Golden Nugget) generated $769,600 in April.

      That equates to a 58% increase over the average from January-March.

      And that increase instantly made Flutter’s poker app the top revenue earner in New Jersey again, as it edged past WSOP Online, which reported $694,634 in April revenue and had been pooling New Jersey with Michigan and Pennsylvania since April 2025.

      In both New Jersey and Pennsylvania, online poker was in a year-over-year growth pattern in April — reversing negative momentum heading into the month.

      In March, total statewide online poker revenue in New Jersey fell 8.1% compared to 2025, and in Pennsylvania it dropped 13.1%. In February, the decreases were less stark, but still, New Jersey dipped 1.7% year-over-year, and Pennsylvania slipped by 9.7%.

      In April, however, total online poker revenue in New Jersey was up 11.4%, from $2.37 million in 2025 to $2.64 million, and in Pennsylvania, statewide revenue rose 9.7%, from $2.34 million to $2.57 million.

      These numbers are all peanuts compared to against-the-house online casino gaming revenue in these states, of course. But a positive trend is a positive trend. When the May data comes out in mid-June, we’ll get a sense of whether April was a temporary injection of excitement or a reflection of sustainable new interest in online poker.

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