Atlantic City's Live Poker Holds Steady In April Despite Online Poker Taking HitOther Poker Markets In Region See Gains In April |
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Brick-and-mortar poker rooms in the seaside gambling town Atlantic City generated $2.82 million in revenue last month, according to state data. That was up ever so slightly compared to the $2.8 million raked in April 2016.
However, online poker revenue for the state’s three internet gambling operators fell 24 percent year-over-year, going from $2.58 million in April 2016 to $1.97 million last month.
Taken together, the New Jersey poker market was $4.79 million in April, down 11 percent compared to the $5.38 million from online and live during the same month last year.
Here’s a look at live poker revenue by room in April 2017:
Borgata: $1.83 million (3.7 percent decrease)
Harrah’s: $358,000 (32.6 percent increase)
Bally’s: $316,000 (2.5 percent decrease)
Tropicana: $237,000 (8.2 percent increase)
Golden Nugget: $80,000 (11.1 percent decrease)
Here’s a look at online poker revenue by operator:
Resorts: $794,000 (32.7 percent decrease)
Borgata: $598,000 (19.8 percent decrease)
Caesars: $577,000 (10.4 percent decrease)
Online poker revenue is down five percent on 2017, going from $9.19 million during the first third of 2016 to $8.73 million during the same period this year. Live poker revenue through April was $10.8 million, nearly unchanged year-over-year.
Other poker markets in the region
In neighboring Pennsylvania, which only has live poker, revenue from the games was $5.05 million last month, basically flat year-over-year. The Pennsylvania poker rooms raked $20.38 million through the first four months of 2017, up 1.4 percent compared to the same period last year.
Nearby Maryland, which has its two top poker rooms less than 200 miles from Atlantic City, saw poker revenue grow 24 percent year-over-year in April to $3.75 million. Revenue has been up big month after month thanks to the opening of the 39-table room at the $1.4 billion MGM National Harbor casino late last year.
And then in New York, which kicked off its commercial casino industry in December, the three commercial poker rooms raked nearly $900,000 in April. That revenue didn’t exist in April 2016. Unlike the three aforementioned states, New York also has poker rooms at its tribal casinos.
The poker market in the Northeast U.S. is becoming increasingly crowded. In 2019, a 90-table poker room just outside Boston is scheduled to open. A 20-table room from MGM Resorts in Springfield, Mass. will be up and running next year.
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