Poker Business: New Jersey I-Gaming Win Up 35.6 Percent In OctoberOnline Poker Market Continues To Stabilize |
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New Jersey online gambling sites had $12.9 million in revenue in October, up from $9.5 million during the same month last year, according to figures released recently by state regulators. It was a 35.6-percent increase.
Borgata led the way with $3,498,988 of that revenue, followed by Caesars Interactive NJ with $2,902,762 and Tropicana with $2,850,154. The Golden Nugget had $2,712,847, while Resorts took in $899,184.
There are 17 skins between the six casinos. Atlantic City has just eight casinos these days after several closed in 2014.
Through the first 10 months of the year, Internet gambling revenue was $121,613,337, up from $103,401,786 during the same period last year.
Revenue from online poker in October was $1,913,403, down 2.8 percent year-over-year. This year has yielded $19,875,122 in online poker revenue for the businesses, compared to $25,127,331 from January to October of last year.
Poker is down 20.9 percent on the year, while the other online casino games are up 30 percent.
Amaya Gaming Group, the owner of Full Tilt and PokerStars, this fall received New Jersey permission to open those two sites in the Garden State. According to Amaya, PokerStars and Full Tilt currently have roughly 71 percent of the worldwide online poker market.
Amaya’s CEO said in a earnings call this month that PokerStars would launch in New Jersey sometime in the first half of next year. The games would only be available to those within New Jersey, though New Jersey lawmakers have signaled interest in compacting with other countries to increase liquidity for online poker.
According to a New Jersey report, PokerStars had $44.3 million in revenue from New Jersey players from Oct. 2006 until April 2011.
Resorts Casino Hotel is PokerStars’ Atlantic City partner for online poker.
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