Atlantic City Poker Market Was Worth $5M In JulyRevenue Nearly Unchanged Year-Over-Year |
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Revenue from the Atlantic City’s live poker tables was $3.01 million last month, according to figures released this week by state casino gambling regulators.
The amount was nearly identical to the $3.02 million raked in July 2016, but last month had one fewer poker room thanks to the Trump Taj Mahal closing its 24-table room in October. Taken together, the New Jersey poker market was $5.02 million last month.
Online poker basically mirrored live poker’s performance. The state’s regulated online poker sites collected $2.00 million from players during the month, just 0.2 percent off the $2.01 million raked the same period last year. Online poker is down more than seven percent on the year through July, so the minuscule decline seen by the sites is welcome news.
The last time online poker grew year-over-year for Atlantic City casino operators was in February. While traditional, non-housed-banked poker stagnated, the other online casino games were up a strong 18.5 percent to $20.58 million last month.
The New Jersey online poker numbers reflect a trend seen by the world’s largest poker site in terms of market share, which operates a ring-fenced platform in the Garden State through a brick-and-mortar casino partnership.
PokerStars recently said that it had $202.9 million in global poker revenue during the second quarter ending June 30, a decline of 5.9 percent year-over-year. Stars said that win from its house-banked, casino-style games, including its online sportsbook, was $89.6 million during Q2, an increase of 50.2 percent year-over-year.
In an effort to boost poker revenues, New Jersey is set to consider a bill to allow combining player pools with international jurisdictions. The state could also partner with Nevada and Delaware, both of which already share liquidity for online poker.
Another boost could come thanks to MGM, owner of the Borgata, launching an MGM-branded online casino and poker platform earlier this month.
Here’s a look at Atlantic City live poker revenue by room in July 2017:
Borgata: $2,073,649
Harrah’s: $324,842
Bally’s: $291,576
Tropicana: $240,940
Golden Nugget: $85,152
Here’s a look at online poker revenue by operator:
Resorts: $816,227
Borgata: $642,289
Caesars: $549,608
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