New Jersey Online Poker Revenue Slightly Decreased in June5 years ago
Division of Gaming Enforcement released June 2015 gambling revenue results. New Jersey’s gaming industry is certainly going in the right direction as $11.7m generated in June shows an increase of 22.8% compared to June 2014 when internet gaming income was $9.5m.
The industry officials were expecting a revenue decline in June because of the summertime but June gambling revenue results did not disappoint, even though June gambling revenue fell 6% compared to revenue generated in May this year.
As always, Borgata was in the top of the latest round of New Jersey’s financial result as it reported total revenue of$3,546,577. Borgata also remained leader in poker market and earned $950,907 in June 2015. However due to the summertime poker revenue in June saw a decline compared to May 2015, when Borgata reported poker revenue of $1,096,307.
Caesars Interactive Entertainment reported total revenue of $2,635,125. Caesars showed a slight improvement in total revenue compared to May 2015, when they reported total earnings of $2,623,239. Caesar’s poker revenue results also showed improvement compared to May as company reported poker revenue of $884,669. In May 2015, the month when industry officials were also expecting decline in revenues, Caesars reported poker revenue of $831,799.
The total poker revenue result in June was $1,835,576 which shows a small dip in poker revenue compared to $1,928,106 earned in May.
Golden Nugget reported revenue of $2,525,016 in June while Resorts AC that began with the operations this February showed an improvement. In May Resorts AC reported earnings of $324,662 while in June they reported total gaming win of 400,600.
Tropicana showed slight improvement reporting $2,561,391 in total gaming win in June. In May 2015 Tropicana generated $2,501,225.
Even though industry officials were expecting revenue decline in June, the results were not that bad and they showed that online gambling is certainly growing market in New Jersey. Maybe the industry is not growing as fast as operators expected but it is still young industry and revenue decline should not be a cause for concern.
It is clear that poker is still trying to keep a pace with casino games in New Jersey but arrival of the PokerStars could change the current poker situation.
It is expected that arrival of the largest poker site will raise an interest in poker but many are concerned that the global giant will affect other poker platforms because it could easily scoop majority of new players.
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