Numbers Have Dropped Precipitously From Last YearPublished on March 19th, 2015 5:53 am EST
New Jersey's Division of Gaming Enforcement released the Gaming Revenue Results for February 2015 earlier this week.
New Jersey's legal online gaming sites, according to the DGE, generated a total of $2,045,655 in online poker revenues in February of 2015. This compares to a number of $3,109,203 in February of 2014, meaning that online poker revenues have dropped 34.2% over the past year.
New Jersey's online gaming sites generated $8,358,712 from "other authorized games" in February of 2015, up 16.1% from the month before. This number means that the "Internet Gaming Win" last month was $10,404,367, up 0.9% from the month before.
Only two companies are currently offering online poker in New Jersey following Ultimate Gaming's exit from the state in September of 2014 - Borgata Hotel Casino and Spa (BorgataPoker.com, NJ.PartyPoker.com) and Caesars Interactive Entertainment (WSOP.com, 888.com).
Borgata Hotel Casino and Spa led the way in February when it came to online poker revenues, as their network of sites generated $1,103,501 in total revenues. Caesars Interactive Entertainment, on the other hand, generated $942,154. New Jersey's three other online gaming companies, Golden Nugget Atlantic City, Resorts Casino Hotel and Tropicana Casino and Resort, all generated $0 in online poker revenues.
Despite seemingly ironing out all of the issues that had previously kept it out of the New Jersey online poker market, Pokerstars (now owned by Amaya Inc.) still finds itself locked out. Talks between Amaya Inc. and the state of New Jersey are apparently ongoing, though there are rumors abound that Gov. Christie is preventing Pokerstars from entering the state due to his close ties to Sheldon Adelson. Until Pokerstars is granted access, New Jersey's online poker market will likely remain fairly stagnant.
Source: NJ.gov - February 2015 Online Gaming Numbers (*.pdf)
Filed Under: Online Poker Rooms