New Jersey iPoker Plunges To Record Low in September

New Jersey iPoker Plunges To Record Low in SeptemberThe New Jersey Division of Gaming Enforcement has released its latest results for September, and the news was worse than expected with iPoker revenues plunging by 15% to $1,771,123, compared to the $2,085,295 generated in September 2014. That figure represents the lowest monthly total since the Garden State introduced iGaming in November 2013, and beats the previous monthly low of $1,835,576 recorded in June of this year.
Reflecting a wider trend, online casino games and slots continued to support the market, and collected $10,254,566 in September, which added to New Jersey’s iPoker results produced $12,025,779 in online revenues, up 17.3% from September last year. Accounting for the highest share of the market was the Borgata with $3,383,174 in revenues, followed by Caesars with $2,655,925, Tropicana with $2,621,020, Golden Nugget with $2,421,261, and lastly Resorts with $944,299 in revenues.
Nevertheless, Resorts is hoping to soon see a reversal of its position after PokerStars was granted an iGaming license to operate in New Jersey, paving the way for the casino to enact its partnership arrangement with the world’s largest poker site. Commenting on the Resorts’ aspirations going forward, CEO Mark Giannantonio, said:
“We are confident that the partnership with PokerStars will boost our online gaming activities and help us emerge as the leader in New Jersey’s poker market. With PokerStars approved for licensed online gaming, our players will have the opportunity to experience real-money poker games from the world’s number one poker website.”
Meanwhile, New Jersey’s eight casinos collected $230 million in revenues, including iGaming, marking an almost 10% improvement year-over-year. Leading the way in terms of revenues was the Borgata with $66.3m (+13.5%), followed by Harrah’s with $31.6m (+1.1%), Caesars with $31m (+19.1%), and Tropicana with $27m (+15.3%). The next tier of casinos was lead by the Golden Nugget with $19.6m (+20.9%), Bally’s with $18.8m (-4.2%), Trump Taj Mahal with $16.6m (-4.6%), and finally Resorts with $15.2m (+31.8%). Explaining the overall positive results, a New Jersey Division of Gaming Enforcement (DGE) statement read:
“The industry benefited from having all of Labor Day weekend in September 2015, whereas Friday through Sunday of Labor Day weekend 2014 was in August. The industry also experienced strong table game results, up 26.2 percent.”

Poker News
DOJ wire act
24 Jun 2021
It looks like the long saga of the Wire Act potentially killing interstate online poker is over. Interstate poker officially became legal again earlier this week after the Department of Justice declined to appeal the decision in a lawsuit between the DOJ and the New Hampshire Lottery. The DOJ had until June 21 to file
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,