New Jersey Online Gambling Lagged In May

NEW JERSEY ONLINE GAMBLING LAGGED IN MAY

13th June, 2015 at 14:35:22
Source: http://www.azonlinecasinos.com

Online casino action down 1.5 percent, internet poker slides 2.5 percent.

The New Jersey Division for Gaming Enforcement released its May 2015 performance statistics Friday, revealing that online poker revenues fell 2.5% compared with the preceding month at $1,93 million, whilst online casino revenues slipped 1.5% to $10.54 million.

Total New Jersey online revenue was $12.47 million, down by 1.5% on the previous month..

The Borgata - Party Poker - Pala alliance kept the lead with a 31.7% market share, with the Golden Nugget - Betfair partnership in hot pursuit with 24.6% of the business, performing strongly in the online casino vertical.

Caesar's Interactive - 888 trailed in third with 21% of the market, whilst the Tropicana, which offers only internet casino action, languished at fourth. Pokerstars partner Resorts continued to offer NYX casino games whilst awaiting the DGE's licensing decision on its massive partner, and contributed just 2.6% of overall revenues.

Looked at from a year-on-year perspective, the numbers are more encouraging, showing that overall online figures in May 2015 at $12.47 million are 19.1% better than the $10.5 million harvested in May 2014, with the online casino vertical performing 28.7% stronger.

Atlantic City's eight land casinos saw their revenue increase by 5.3% in May compared with a year ago.

The casinos won $208.6 million from gamblers last month; more than $156.9 million came from slot machines and $51.6 million from table games.

"That's a strong showing for what our detractors say is a weak market," said Matt Levinson, chairman of the New Jersey Casino Control Commission. "Whether you look at the results for the one month or for the first five months of this year, total gaming revenue is up for the current operators. The size of the market may be smaller, but the health of the current operators is getting stronger."

However, the Associated Press news agency observed that when the three land casinos that were operating in May 2014 but have since closed are included in the calculations, Atlantic City's May 2015 revenue was down 9% from a year ago.

Five of the currently operating casinos saw increases last month. Caesars was up 51% to $27.7 million; the Golden Nugget was up more than 33% to $22.5 million; Resorts was up 19.6% to $14.4 million, Harrah's was up 8.2% to $33.3 million, and the Tropicana was up 2.3% to $27.6 million.

For the first five months of this year, the casinos have taken in just under $1 billion, an improvement of nearly 4% over the same time period last year. But when the now-closed casinos are included, that figure represents a 10.5% decrease.

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