New Jersey’s regulated online gambling market reported healthy year-on-year revenue gains in October, and even poker showed signs of life.
The state’s licensed online gambling operators reported overall revenue of just under $12.9m in October, a gain of nearly 36% from the same month last year. Last month’s total is also up nearly 7% from September’s revenue figure and only $300k off the market’s all-time peak this March.
October’s gains were once again driven by the casino vertical, which was up nearly 36% year-on-year and 7% sequentially to just under $11m. The poker vertical generated $1.91m in October, rebounding from September’s record low of $1.77m, while falling 3% year-on-year.
As always, sites operating under the Borgata Hotel Casino & Spa’s license took top online honors, generating $3.5m ($2.4m casino, $1.1m poker) while Caesars Interactive Entertainment sites earned $2.9m ($2.07m casino, $833k poker).
As for the casino-only sites, the Tropicana generated $2.85m, the Golden Nugget earned $2.7m and Resorts Digital Gaming reported $900k, down from $944k in September, representing Resorts’ first monthly decline since its sites launched this spring.
DELAWARE ONLINE POKER HITS NEW RECORD LOW
A little further down the coast in Delaware, Nov. 8 saw the state celebrate the second anniversary of its own intrastate online gambling market. Sadly, the market has so far failed to live up to expectations, recording less than $3.5m in total revenue during the past two years, while overly generous pre-launch forecasts had the state earning $5m in its first year. Um, no.
Like New Jersey, Delaware recorded an all-time low poker revenue mark in September of $24,523. Well, move over, Rover, because the Delaware Lottery says October’s poker tally hit a new low of just $24,030. The poker decline is all the more depressing given that video lottery and casino revenue improved by more than $27k to $159k over the same span.
Will the last person playing online poker in Delaware remember to switch off the lights? Thanks.
