New Jersey Online Casinos Shatter Record In 2016Revenue From Internet Gambling Up 32 Percent In 2016 |
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New Jersey online casinos had a record breaking December and record breaking 2016.
According to figures released Thursday from Garden State gaming regulators, revenue from internet gaming was $18.4 million last month, an increase of 31 percent year-over-year and also an all-time high for a single month. The previous record was $17.4 million.
Internet gaming win for the calendar year was $196.7 million, up 32 percent from 2015. New Jersey had more than 90 percent of the regulated online casino market in America in 2015.
Of the $196.7 million in revenue, $26.5 million came from peer-to-peer poker, an increase of 11 percent compared to 2015. PokerStars, the largest poker site in the world in terms of traffic, launched in March for those physically within New Jersey’s borders.
In July, New Jersey’s top gaming regulator said that the state has begun discussions with the United Kingdom over potentially sharing online poker players. The arrangement could expose New Jersey poker players to an additional two million online gamblers out of a country of more than 64 million.
The other casino games generated $170.2 million last year, up 36 percent from 2015.
How did each operator fare in 2016?
Every casino in Atlantic City offering online gaming saw revenue from the games increase year-over-year.
Borgata: $47 million
Golden Nugget: $42.2 million
Caesars Interactive NJ: $38.7 million
Tropicana: $37 million
Resorts Digital: $31.8 million
Only Resorts, Borgata and Caesars run online poker.
Which brands are currently under each operator?
Borgata: Borgatacasino.com, Borgatapoker.com, NJ.Partypoker.com, palacasino.com, palabingousa.com
Caesars Interactive NJ: CaesarsCasino.com, HarrahsCasino.com, WSOP.com, us.888.com, us.888poker.com, us.888casino.com
Golden Nugget: GoldenNuggetCasino.com, nj-casino.goldennuggetcasino.com, betfaircasino.com, playsugarhouse.com
Resorts: resortscasino.com, mohegansuncasino.com, pokerstarscasinonj.com
Tropicana: tropicanacasino.com, virgincasino.com
How Has New Jersey’s market has performed since launch?
New Jersey legalized online gambling in 2013, and the first sites launched in November of that year. Overall revenue has been growing rapidly since then, but that hasn’t applied to poker.
Overall I-gaming win:
2016: $196.7 million
2015: $148.9 million
2014: $122.9 million
2013: $8.4 million
Internet poker revenue:
2016: $26.5 million
2015: $23.8 million
2014: $29.1 million
2013: N/A
What’s next?
New Jersey lawmakers are mulling over a new proposal that would allow two racetracks located outside of Atlantic City to offer online gambling. Under current law, online gambling operations must be based out of the seaside gambling town.
Just days ago, New Jersey Senator Ray Lesniak, who spearheaded the state’s online gambling bill in 2013, announced he’s running for governor. Lesniak told Card Player in 2013 that he wants New Jersey to be “the Mecca of internet gaming.”
While Nevada and Delaware share liquidity for online poker, New Jersey does not have such a partner. However, Nevada Governor Brian Sandoval has said he would like to compact with the Garden State.
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