BUSINESS

New Jersey sets online gambling record in last month before PokerStars launch

TAGs: Delaware, New Jersey Online Gambling

new-jersey-delaware-online-gambling-revenueNew Jersey’s regulated online gambling market notched another revenue record in February, the last monthly report that won’t include contributions from PokerStars.

The New Jersey Division of Gaming Enforcement says state-licensed online gambling sites generated revenue of $14.7m in February, nearly 42% higher than the same month last year and $100k more than the sites earned in January, the previous record since the online market launched in late-2013.

As usual, the year-on-year gains were entirely driven by another stellar performance by the casino vertical, which improved 52.6% to $12.75m. In traditionally stark contrast, online poker continued its ugly stepsister role, falling 2.5% to just under $2m.

Also as usual, the Borgata/Bwin.party/Pala Interactive combo led the revenue charge with $4.24m ($3.18m from casino, $1.06m from poker). Caesars Interactive Entertainment continued its bridesmaid role with just over $3m in total revenue ($2.09m casino, $932k poker).

The Golden Nugget led the state’s three casino-only operators with $3.12m, narrowly edging out the Tropicana’s $3.05m. Resorts Digital Gaming reported $1.32m, down from January’s $1.43m, spoiling what had been an uninterrupted growth streak since the casino launched its digital offering last spring.

Resorts’ numbers will get a boost in next month’s report thanks to the launch of Amaya Gaming’s Pokerstarsnj.com site. The poker and casino site is set to soft-launch this Wednesday (16) ahead of a scheduled full launch on Monday (21).

Not to be outdone, Delaware’s three licensed online gambling sites reported February revenue of nearly $230k, just shy of the record $241k the state’s regulated market took in during April 2014. But here too, poker was in the red, falling 18% year-on-year to just over $28k. Online casino table games earned $98k (+15%) while slots and video poker brought in over $103k, more than quadrupling February 2015’s total, although this was down from the record $138k in January 2016.

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