New Jersey online gambling market sets new revenue record despite poker decline

new-jersey-delaware-online-gamblingNew Jersey’s regulated online gambling market started 2016 off with a bang, as revenue rose more than one-quarter year-on-year.

According to the New Jersey Division of Gaming Enforcement (DGE), its licensees’ total online gambling revenue amounted to $14.6m in January, up 26.5% from the same month last year, and a new revenue record for the state’s two-year-old regulated market.

In what has become a predictable pattern, online casino gains helped offset continuing declines in the Garden State’s online poker market. Online casino revenue was up 34.6% to just under $12.5m while online poker revenue slipped 6.4% to $2.15m.

Atlantic City’s market-leading Borgata Hotel Casino & Spa continued to assert its online supremacy with revenue of $4.6m, up from $3.8m in January 2015. The Borgata’s revenue split mimicked the wider market, with casino up 36% to $3.4m and poker down 6% to $1.2m.

Caesars Interactive Entertainment, the state’s only other hybrid operator, generated just over $3.2m, up 16% year-on-year. CIE’s casino vertical generated $2.27m (+29%) and poker contributed $952k (-5%)

As for the state’s casino-only sites, the Tropicana led the way with $2.9m (+14%), followed by the Golden Nugget at $2.5m (flat) and Resorts Digital Gaming at $1.43m. Resorts’ site wasn’t operational in January 2015, but last month’s total was up 10% from December and represented nearly 10x the $154k Resorts earned in its first full month of operations last March.

Meanwhile, Delaware’s much smaller regulated online gambling market posted its own gains in January. Figures released Friday by the Delaware Lottery showed total revenue at the three state-licensed operators rising over 44% to just under $191k. But here too, poker was on the decline, falling 5% to just over $26k.