New Jersey Poker Market Flat In NovemberAtlantic City Poker Rooms Rake $4.6 Million During Month |
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The Atlantic City poker market (live and online) was worth about $4.6 million in November, according to figures released this week by state gaming regulators.
The amount was nearly unchanged from November 2015’s $4.7 million.
Last month, about $2.08 million came from internet poker, while $2.51 million was taken in from the brick-and-mortar setting. Last year, November had $1.96 million in rake from web play, while $2.73 million came from the live setting.
All of the city’s five brick-and-mortar poker rooms saw year-over-year declines in November 2016, according to the state figures. There are just over 200 live poker tables in the seaside gambling town.
New Jersey’s poker market was $4.5 million in October, the month that the Trump Taj Mahal, which had five poker tables, closed its doors. The casino had just reopened its poker room earlier this year.
A number of reasons have been attributed to the decline of Atlantic City including the legalization of gambling in neighboring states (Pennsylvania, Delaware and Maryland), Hurricane Sandy which devastated the city, and the increasing affordability of cross country travel. Another reason not often mentioned is the decline in traffic from the North with many Canadians now choosing to either gamble locally or at these types of Canadian online casinos – an option not open to U.S nationals (Delaware and Nevada residents excepted).
The Garden State poker market is a tiny fraction of the roughly 5,800 poker tables spread across more than 500 poker rooms nationwide.
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