New Jersey iGaming Soars 40% to $16.4M in June

New Jersey’s regulated online gambling market experienced a massive 40.6% increase in revenues to $16.4 million in June, according to the latest figures released by the state’s Division of Gaming Enforcement (NJDGE). From that impressive tally, casino games reported a huge 46.8% rise in year-on-year business to $14.4 million, while poker posted a more modest gain of 7.3% at $1.97 million.
Online poker traffic is traditionally lower in summer as players turn their attentions towards more outdoor pursuits, a trend which was evident from the $600k drop in iPoker revenues compared to the previous month. The only slight increase versus June 2015, however, was surprising considering PokerStars has since entered New Jersey’s regulated online gambling market. In fact, PokerStars may have headed the Garden State’s iPoker market in June, but its $778k in revenues were still the lowest since the operator officially entered the regulated market in March.
Meanwhile, Atlantic City’s eight casinos generated a total of $216.5 million in June, lower by 1.2% year-on-year, with just the Trump Taj Mahal (+13.2) and Resorts (+9.8) noting an uptick in business. Last month, table games accounted for $54.5 million of revenues, down by 3.3% from June 2015, while slot machine winnings were also lower by 3.7% at $142.9 million.
For the first six months of 2016, New Jersey gambling revenues are currently 2.5% higher at $1.25 billion versus H1 2015, and commenting on the positive figure, Matthew Levinson, chairman of the Casino Control Commission, said:
“It is encouraging to see that casino revenue is up 2.5 percent for the first half of the year even though the industry had a weak June. Internet revenue continued to surge last month.. but it wasn’t enough to offset declines at the tables and slot machines in Atlantic City. There is so much to see and do in Atlantic City, but we need to do a better job letting people know about everything the city has to offer.”