BUSINESS

Online poker revenue hits all-time lows in New Jersey, Delaware

TAGs: Delaware, delaware lottery, New Jersey Online Gambling

online-poker-all-time-low-new-jerseyNew Jersey’s regulated online gambling market saw revenue rise by one-sixth year-on-year in September, although the sum represented a slight decrease from the previous month.

According to figures released Thursday by the state’s Division of Gaming Enforcement (DGE), New Jersey-licensed online gambling sites reported revenue of $12m, $200k less than the sites reaped in the month of August. However, the figure represents a 17.3% improvement over September 2014’s $10.25m.

The casino vertical accounted for $10.25m of September’s total revenue, while poker anted up just $1.77m. The casino figure is virtually unchanged from August’s total but poker’s tally is about $200k less than August’s $1.98m, ending the vertical’s two-month streak of positive growth and marking a new record low for the vertical. Simply put, PokerStars cannot arrive soon enough.

At the individual level, sites operating under the Borgata Hotel Casino & Spa’s online license led the pack with $3.38m in revenue, with $2.43m from casino and $950k from poker. Caesars Interactive Entertainment sites generated $2.65m, with $1.83m from casino and nearly $821k from poker.

As for the casino-only sites, the Tropicana generated $2.62m, the Golden Nugget earned $2.42m and Resorts Casino Hotel posted $944k, the latter figure another new high for the casino since the site launched this spring.

Poker also scored an all-time low in the other eastern US regulated online gambling market. The Delaware Lottery says total revenue at the state’s three approved online gambling sites came to $156k in September, a decline of 2% from August’s total, but an 8% increase over what the sites earned in September 2014. Poker revenue fell to $24,523 in September, 21.5% less than the previous month and about $1,200 less than the vertical’s previous low-water mark in June 2014.

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