NJ breaks online gambling record after PokerStars’ launch

Last month, the influence of PokerStars with less than two weeks in operation was significant.

March’s revenue from online casinos is over US$15 million in New Jersey for the first time in the state’s history.

US.- New Jersey broke record on revenue from online casinos in March, after PokerStar’s launch. Garden State gaming regulators released the figures yesterday (Wednesday) and they reflected an impressive growth.

Online poker revenue in March amounted to US$2,461,064, up 10.5 percent from the US$2,227,629 in March 2015. The spectacular year-on-year increase puts an end to a long period of decline and stagnation for the New Jersey’s online poker market. Adding up other online casino games, Internet gaming win was US$15,507,459 in March in comparison with US$13,165,623 year-on-year, showing an increase of 17.8 percent. That is the greatest iGaming win the state has experienced since the games first debuted in late 2013.

In February, the state’s Internet gaming win was roughly US$14.7 million. New Jersey is one of the three states in the US with regulated online casino games and it controls more than 90 percent of that market in the country. Through the first three months of 2016, online gambling win was up 27.7 percent amounting to US$44,887,151. Peer-to-peer poker play was US$6,606,361, up to 0.5 percent year-on-year.

PokerStars launched its core product, along with a handful of other casino games, in New Jersey on March 21 on a platform partnered with Resorts casino. Resorts Digital saw an online gaming win of US$1,878,097 last month, compared to just US$154,071 in March 2015. After just one week in the state, PokerStars was the most-played regulated online poker site in the state in terms of cash game players.

The other online casinos also saw year-on-year gains in March: Borgata (US$4,226,855), Tropicana (US$3,169,063), Caesars Interactive NJ (US$3,163,357) and Golden Nugget (US$3,070,087.)