News at Eleven: Yet according to the NEA report,

in 2008, just 8.3 percent of adults had read any poetry in the preceding 12 months. That figure was 12.1 percent in 2002, and in 1992, it was 17.1 percent, meaning the number of people reading poetry has decreased by approximately half over the past 16 years.

Sunil Iyengar, the NEA's director of the Office of Research and Analysis, says the agency can't answer with certainty why fewer adults are reading poetry. He and others believed the opposite would be true, largely because of poetry's expansion onto the Internet. "In fact," he says, "part of our surmise as to why fiction reading rates seem to be up might be due to greater opportunities through online reading. But we don't know why with poetry that's not the case."

from Newsweek: The End of Verse?

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