partypoker looks to regain NJ supremacy with new bonus

Posted by Gerry Poltorak on Jul 06, 2014 Posted in Poker Industry News | No Comments »

why-new-jersey-2With now nipping on their heels when it comes to the #1 traffic spot in New Jersey, recently increased their first time deposit bonus from a paltry 100% up to $100 first time deposit bonus to a far more eye-catching 100% match up to $1,000.

This bonus is one of the best values in all of poker at the moment (especially in the US market), and any serious online poker player in New Jersey should be jumping at the chance to take advantage of it while it lasts.

This new bonus is clearly the best in New Jersey, but is it the best in the US poker market? I don’t really know the answer to that question but thankfully some very smart people have been reviewing the best US poker bonuses so you won’t have to spend all your time comparing and contrasting every single site.

partypoker’s fall from grace in New Jersey

After dominating the New Jersey market since the industry launched in November of 2013, partypoker (and their online gaming partner and sister site which is offering a first time deposit bonus of 100% up to a maximum of $600 right now) have seen their seemingly insurmountable lead shrink, and now are running in an almost dead heat with their closest and most obvious competitor all along, currently shows both sites with average cash game traffic of 140 players, the first time partypoker’s lead has been questioned.

You still have to rank partypoker ahead of since partypoker and Borgata do still hold an edge in terms of peak traffic numbers (330 to 280) but they are well off their peak highs from January when the site was consistently averaging over 250 cash game players and had peak traffic numbers in the 500 and 600 player range.

The bonus

So back to the bonus.

What will it take to clear partypoker’s new deposit bonus?

If you want to fully take advantage of the current offer you’ll need to deposit the maximum of $1,000 and earn 4 Party Poker Points for every $1 in bonus money you are entitled to. That works out to 4,000 points for those of you who are not so good at the math.

The bad news is that bonus money will be released in just four equal payments (determined by the total amount you deposited), and not in the typical $10 increments used by most sites. So if you deposit the maximum $1,000 you won’t receive any bonus money until you’ve accrued 1,000 Party Poker Points, at which point you’ll receive $250 of your bonus money.

The good news is the bonus never expires, so you won’t have to worry about playing a massive amount of volume in a short amount of time just to clear your bonus; you can do so at your own pace and time.

More good news is that the bonus clears really fast.

You’ll receive 2 Party Poker points for every $1 you contribute in rake or tournament fees at the site, so a $20+$2 tournament is worth 4 Party Poker Points, or $1 in bonus money. This works out to be the equivalent of a 50% rakeback deal, something that is virtually unheard of in the modern poker world.

As mentioned above, this is a great value bonus.

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