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.”


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