New Jersey Sees More Than 125,000 Online Gambling AccountsState Witnesses Steady Growth During First Month Of Action |
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Online gambling — including the game of poker — has progressed steadily in New Jersey over the past month, with the number of accounts growing from a modest five-figure sum to well over six-figures, according to state regulatory reports.
Gambling on the web began in the state on Nov. 26.
The most recent figure the New Jersey Division of Gaming Enforcement released was around 125,000. New Jersey allows a wide array of casino games on the web, in addition to poker. The number of accounts doesn’t represent the number of unique online gamblers in the Garden State, as one person may sign up for an account with each online gaming operator.
Sunday’s 126,231 — to be precise — was an increase of 16,285 over the previous week.
Casinos that have been licensed for online gambling in the Garden State are some of the most prestigious in the world. They include Borgata, Trump Taj Mahal, Trump Plaza, Tropicana Casino and Resort, Caesars Atlantic City, Bally’s Atlantic City and Golden Nugget.
Under software from Bwin.Party Digital Entertainment, Borgata offers games via www.Borgatacasino.com, www.Borgatapoker.com and www.NJ.Partypoker.com. Caesars, utilizing software from partner 888 Holdings, has games on www.HarrahsCasino.com, www.WSOP.com, us.888.com, us.888poker.com and us.888casino.com. With a deal with Amaya Gaming, Caesars also has www.CaesarsCasino.com.
Tropicana has an arrangement with GameSys and offers games on www.tropicanacasino.com and www.virgincasino.com. Trump Plaza Associates and Betfair do their business on betfaircasino.com. Trump Taj Mahal Associates is working with Ultimate Gaming for www.ucasino.com. And lastly, the Golden Nugget and Bally have www.GoldenNuggetCasino.com and nj-casino.goldennuggetcasino.com.
Atlantic City has 11 casinos, so more than half of them are currently in the web betting business. One property closed its doors this month.
The top poker room of the bunch belongs to the Party Borgata Network, which according to PokerScout.com has a current seven-day average for cash games of 240 players. That’s 50 percent of the market. WSOP.com (New Jersey) is averaging 150 ring-game players as of right now and is the clear-cut number two in the Atlantic City market.
Over in Nevada, WSOP and Ultimate Poker, the only two online gaming firms operating right now in the Silver State, have averages of 100 and 80, respectively. Games began there in April.
The third state in the United States with legalized online poker is Delaware, and its Delaware Poker Network, hosted from DoverDowns.com, has a 16-player average over the past seven days. Delaware is working with 888 and Scientific Games.
New Jersey has only been online for a month, but it has shown that it is the top market for the industry so far. It has around 8.87 million people, compared to Nevada’s 2.76 million and Delaware’s 917,000. It’s economy is also the largest.
A study came out in October that said the New Jersey online poker market would likely be between $39 million and $65 million during its first 12 months. That’s the amount players would spend on rake for tournmaents and cash games. In other words, revenue.
Back in online poker’s glory days, New Jersey account for three percent of the U.S. market.
Poker should be a large component of the New Jersey online gaming market size during the first year since it is the game that most are familiar with existing on the web. Some have predicted that overall online gaming revenue during year number one will be as low as $260 million and as high as $1.2 billion. That high-end is however a stretch, as Card Player was recently told. Gov. Chris Christie might be the only one who expects $1.2 billion.
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