Online poker keeps falling in New Jersey
Online poker reports in New Jersey revealed the lowest monthly income in June.
US.- Online poker operations in New Jersey have fallen 12 percent last month revealing the lowest monthly income since its legalisation in 2013. However, iGaming companies in general have generated US$20 million in June, the fourth consecutive month of growth, according to official reports by the New Jersey Division of Gaming Enforcement (DGE).
Legal online poker has decreased to US$1.73 million, which contributed with the full iGaming sector’s decline of US$900k from May to June. Nevertheless, the US$20.2 million June revenue represents an increase of 23.4 percent compared to the same period of 2016. As revealed by the New Jersey DGE, iGaming revenue growth is based on online casino activity, which is headed by Golden Nugget and followed by Borgata.
The official document shows that Golden Nugget generated US$5.6 million in June, which represents an increase when compared to June last year. However, June’s results also revealed a US$300k down compared to May’s reports. Meanwhile, Borgata operators achieved US$3.9 million last month, meaning a growth of US $400k from May.
“The continued success of New Jersey iGaming shouldn’t be a surprise,” stated Steve Ruddock, lead analyst for PlayNJ.com. “The synergies between online and land-based gaming are indisputable at this point, prompting casinos to step-up their commitment to iGaming. Frankly, it would be a dereliction of duty for an Atlantic City casino to not take full advantage of the many benefits online gaming affords.”
