Online Poker Continues to Lag in New Jersey

Despite strong numbers from online casino games, online poker revenue is declining in New Jersey. Online poker only brought in about $2 million of the $10.4 million won online in February through the state’s online gambling sites. And that total was depressed by a $1.5 million slots jackpot paid out by Betfair.

New Jersey’s online players are showing a marked preference for casino games and slots over online poker.

Revenue figures for February show online poker brought in just over $2 million for the month, down 11 percent from January and 28.3 percent lower than February 2014.

According to revenue figures released by the New Jersey Division of Gaming Enforcement, the state’s four sites that offer online poker— and Party Poker/BorgataPoker—generated a combined $2,045,655 in revenues in February.

That’s an 11 percent decline $2,229,426 in January and a 28.3 percent decline $3,109,203 in February 2014. Borgata and Party Poker brought in $1,103,501 while WSOP/888 had $942,154

According to PokerScout, WSOP/888 ring games averaged 220 concurrent players for February while Party Poker/Borgata averaged 156 players.

It should be noted that February is three days shorter than January and daily averages for the sites between the two months were close to flat. January daily average revenue was $74,175 while the February daily average revenue was $73,059, according to PokerScout.

Meanwhile, slots and casino games saw an increase of 16 percent over February 2014 and is leading poker revenue four to one. The numbers would have been higher, but paid out a better than $1.5 million slots jackpot during the month.

Overall, the state’s 12 casino sites—including poker—brought in $10.4 million, down from the $11.4 million in January. The numbers are flat with February 2014.

But again, without the Betfair payout, revenue would have increased for the month.