Despite Fall from May's Numbers, New Jersey June Revenues Beat out 2015
July 14, 2016
New Jersey's online gambling industry experienced a massive surge in June. Compared to the same month in 2015, gross revenue grew by 40.6 percent, to a total of $16.4 million. Online casinos have vastly outperformed licensed online poker, which only grew by 7.3 percent, or about $2 million. The digital casinos, on the other hand, ballooned to $14.4 million, or an expansion of almost 47 percent.
New Jersey online gambling markets have typically experienced something of a slump over summer months. Net revenues dropped by $100k from May to June; online poker itself fell by over half a million dollars since the end of spring.
PokerStars, the world's biggest online poker company and a recent reentrant into New Jersey markets, made out significantly better than all of its competitors, raking in $778k. Though this figure is impressive, it is still a downward slide from its April revenues of $1.18 million, and is its lowest haul to date. PokerStars returned to New Jersey (and the United States in general) in late March, after a change in ownership helped redeem the company's reputation tarnished by prior federal violations.
In terms of overall online gambling providers, Borgata earned the largest numbers, around $3.8 million, most of the amount coming from non-poker games. Caesars Interactive Entertainment came in second with $3 million. The Golden Nugget made $3.5 million; Tropicana, just over $3 million; Resorts Digital Gaming (partnered with PokerStars) had combined online casino and poker revenues at $2.7 million.