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PokerStars’ New Jersey site slips back a little in second full month of operation

TAGs: New Jersey Online Gambling, PokerStars

pokerstars-new-jersey-slips-second-monthNew Jersey’s regulated online gambling market snapped its four-month streak of new revenue records in May while PokerStars NJ failed to maintain its initial momentum as the summer doldrums officially took hold.

Figures released Tuesday by the New Jersey Division of Gaming Enforcement (DGE) showed the state’s licensed online operators reported total revenue of $16.5m in the month of May. That’s 32.6% more than the same month last year but $500k less than the sites reported in April 2016.

May’s year-on-year gains were evenly split between poker ($2.57m, +33.3%) and casino ($13.98m, +32.5%), while the casino vertical was responsible for virtually all of the month-to-month decline. For the year-to-date, New Jersey’s online revenue is up 30% to $78.4m.

Resorts Digital Gaming, whose operations include Amaya Gaming’s PokerStars brand, saw Stars come up short in attempting to maintain its initial momentum since launching in late March. While PokerStars still led all online poker operators with $1.15m, that figure was about $30k less than April’s number, and Resorts’ overall revenue slipped from $3.5m in April to just under $3m in May.

New Jersey’s market-leading Borgata Hotel Casino & Spa held on its frontrunner status by reporting overall revenue of $3.95m, essentially flat from April’s numbers. Poker was $732k while online casino revenue hit $3.2m, both of those numbers relatively unchanged from April.

Caesars Interactive Entertainment New Jersey reclaimed its overall number-two spot with $3.25m, up about $100k from April. CIENJ’s month-on-month gains were split evenly between its poker ($687k) and casino ($2.67m) verticals.

As for the market’s casino-only operators, the Golden Nugget slipped $100k to $3.2m while the Tropicana gained $100k to $3.15m.

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