Online Gambling Revenue Bounces Back In New Jersey

Online gambling revenue in New Jersey was up 22.8 percent in December to $10.7 million after hitting an all-time low of $8.74 million in November. Revenues increased for both online casino games and online poker. The increase stops a three-month decline in online revenue. Experts say a deal sharing players between WSOP.com and 888.com helped.

New Jersey’s online casino sites had a good December taking in .7 million and reversing a three-month decline.

Overall, online revenue was up about 22.8 percent over November, when the sites took in just $8.74 million, the lowest total since online gambling began last year. The $10.7 million is a 63.6 percent increase over December 2013, the state’s first full month of online-gambling operations.

Online casino games made $8.68 million, a 26.5 percent improvement compared to November, while online poker brought in $2.06 million, up by 10.1 percent from $1.87 million generated during the previous month.

Borgata Hotel Casino & Spa and Caesars Interactive continued to dominate the online poker market with 53.9 percent and 46.1 percent of total poker revenue respectively. Borgata’s online partner Party Borgata saw an 11.3 percent increase in revenues, and WSOP.com and partner 888 Poker saw a 7.79 percent improvement.

January could also be a strong month for online poker in the state as WSOP.com and 888 Poker have finally signed a player sharing deal. Early reports from pokerscout.com—which tracks online poker play—say WSOP.com has seen a nearly 50 percent increase in players and 888 Poker has seen a 75 percent increase since the two sites joined together earlier this month.

Also, the live-action WPT Borgata Winter Poker Open Championship coincides with the online Garden State Super Series on BorgataPoker.com and PartyPoker.

When brick-and-mortar casinos are included, NJ gambling industry was 11.2 percent lower at $190.5 million in December compared to December 2013. Taking out the figures for four Atlantic City casinos that closed last year, however, Atlantic City’s remaining casinos made 9.4 percent more in revenue in December compared to December 2013.

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