New Jersey Casinos Rake $5M From Poker In JulyRevenue Nearly Unchanged Year-Over-Year |
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New Jersey’s brick-and-mortar and online poker rooms raked $5 million from players during the month of July, according to figures released by Garden State gaming regulators.
Of that total, $3 million came from live poker, while $2 million was from the Internet. There were 232 live poker tables in Atlantic City, currently the only place in New Jersey where casino gambling is legal, during July.
The July result was nearly unchanged from a year ago. July 2015 had $3.1 million from live poker, while $1.9 million came from online poker.
Here’s a breakdown by brick-and-mortar poker room in July 2016:
Borgata: $1.97 million (94 tables)
Bally’s: $309,000 (42 tables)
Harrah’s: $289,000 (40 tables)
Tropicana: $279,000 (22 tables)
Trump Taj Mahal: $100,000 (24 tables)
Golden Nugget: $85,000 (10 tables)
Only Borgata, Caesars and Resorts, the latter of which doesn’t have live poker, run online poker platforms. Resorts is the brick-and-mortar partner of PokerStars, which launched in March of this year. PokerStars has more than 40 percent of the Garden State online poker market.
The Taj didn’t have live poker in July 2015, as the casino re-opened its poker room this year. However, the casino announced recently that it will close on Oct. 10, which will leave Atlantic City with just seven brick-and-mortar casinos. Roughly three years ago there were 12.
New Jersey and the United Kingdom are in talks to implement a shared liquidity system for online poker. The arrangement could expose New Jersey poker players to an additional two million online gamblers out of a country of more than 64 million people.
To compare New Jersey’s poker market to other non-tribal markets in the country: Maryland poker rooms raked $3 million in July; Nevada casinos (thanks to the World Series of Poker) took in $16.1 million from poker in June; and Pennsylvania poker rooms collected $5 million in July.
Like New Jersey, Nevada has online poker, but, unlike New Jersey, it doesn’t release information on the breakdown between live and online poker play.
Pennsylvania is closing in on legalizing online casinos this fall.
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