New Jersey I-Gaming Industry Has Record MonthOnline Casinos Take In $13.2 Million In November |
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New Jersey online gambling operators took in $13.2 million during the month of November, compared to $8.7 million in November 2014, reflecting an increase of 51.3 percent, according to figures released Monday by state gambling regulators.
The $13.2 million is a new monthly record for the state’s still-young I-gaming industry.
November beat out March’s $13.16 million in online gaming revenue, which was the previous record. Through November, online gaming revenue was $134.8 million, up 20.2 percent from $112.1 million during the same period last year.
Since launching in late 2013, New Jersey’s online gaming industry has won $266 million.
The Borgata led the way in November with $4.1 million in online gaming revenue, followed by Tropicana with $2.97 million and then Caesars with $2.7 million.
Online poker revenue in November was $1.96 million, up 4.3 percent from the $1.88 million won in November of last year. It was a rare year-over-year uptick for peer-to-peer poker, as revenue from that casino game is down 19.2 percent on 2015.
In other words, New Jersey’s online gaming industry is fueled by the growth of the house-banked casino games, which are up 32.7 percent this year.
Online poker will be aided tremendously sometime next year by the launch of PokerStars, the world’s largest online poker site in terms of users. The site received a license from Garden State regulators this fall and the company said it will kick off its games sometime in the first half of the year. New Jersey players will not be able to play with rest-of-world players for now.
Last week, New Jersey lawmakers unveiled a plan for a November 2016 referendum on casinos outside of Atlantic City. Four brick-and-mortar casinos closed last year.
Through November, overall gaming revenue is down 7.1 percent on the year. Atlantic City casinos have won $2.37 billion off of gamblers in 2015 with just one month left of reporting.
Despite Atlantic City’s struggles, profit for the casino industry was up 61 percent in the third quarter of this year compared to the same period last year.
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