New Jersey Casinos Down 2.7% to $268M in July

New Jersey Casinos Down 2.7% to $268M in JulyThe New Jersey Division of Gaming Enforcement (NJDGE) has released its latest results for July, revealing a 2.7% fall in revenue to $267.8 million versus the $275.2 million collected in the same month last year. When the now shut Taj Mahal is taken out of the equation, though, Atlantic City’s seven remaining casinos actually posted a 3.9% revenue increase year-over-year.
So far this year, the state’s casinos have noted an almost 10% increase in their revenue compared to the first seven months of 2016, with NJDGE director David Rebuck stating that this points to a “continued stabilization in the industry.”
Topping the market in July was the Borgata with $76.3 million in revenue, followed by the Golden Nugget, Bally’s, Caesars and Harrah’s. Meanwhile, Resorts reported the biggest growth, with business higher by 14.4% at $20.4 million, with the Tropicana close by with a 13% y-o-y gain at $37.5 million.
Internet gambling also continued its winning ways for the state, and in July generated revenue of $20.6 million, up by 17.4% from the $17.3 million collected a year earlier. From that tally, online casino games saw its revenue soar by 21% to $18.6 million, while poker remained fairly flat, with just a -0.2% decline to $2 million.
As a result, online gambling revenue is currently 26.6% higher at $142 million for the first seven months of this year, year-over-year. Furthermore, the Garden State has now generated $619.36 million in gross revenue since iGambling was regulated in November 2013, and commenting on the solid result, analyst Steve Ruddock, said:
“Stuffing state and local coffers with over $100 million in tax revenue [since it was approved in November 2013] certainly drops the curtain on any lingering revenue concerns. While states such as Pennsylvania drag their feet on legalizing online gaming, companies of all stripes are flocking to the Jersey Shore to grab a piece of the online gaming action.”

Poker News
UK's Poker Sector Just 5% of Online Gambling Market
27 Oct 2020
A major outage by GeoComply last Thursday left several online poker players with nowhere to play. GeoComply is a geolocation surface used by most online poker sites in the US. It determines where players are physically located which online poker sites need to know so ensure only legal players are using their sites. When GeoComply
New Jersey iPoker Down 2.8% to $1.91m in October
07 Jul 2020
Atlantic City Casinos may have just reopened following their lengthy COVID-19 imposed, but a new bill filed in New Jersey last week could see their monopoly on live poker come to an end. Republican Assemblyman Ronald Dancer filed A4365 last week that, if made law, would allow New Jersey horse racing tracks to open poker
NJ All Time Revenue Record
15 May 2020
The COVID-19 pandemic continues to be a boom for the New Jersey online poker industry, as they reported record revenues for the month of April. April revenues were expected to be massive following a record-setting month in March. Before the pandemic shuttered casinos and poker rooms in Atlantic City and drove all poker players inside,
new jersey lawsuit
16 Apr 2020
The COVID-19 pandemic that shuttered brick and mortar casinos has been a boom in revenues for New Jersey online poker and other forms of state gambling. The New Jersey Department of Gaming Enforcement released the March revenue numbers earlier this week and online poker revenues set new records. The online poker revenues in New Jersey