The regulated online gaming industry in New Jersey continues to post mixed results. Online poker struggles, while casino games hold their own.
New Jersey online poker raked just $1.74 million in June. This is the lowest amount since the launch of regulated online poker in the state in November 2013, according to Online Poker Report. June’s online poker numbers were down 11.9 percent from the previous year. Online poker is down 8.4 percent year-to-date.
PokerStars continues to lead the New Jersey market. It raked $680,000 in June. That was about $100,000 more than Borgata and $200,000 more than WSOP.com.
There are four online poker sites in New Jersey; Borgata, WSOP/888, PokerStars and Pala Poker.
Online casino games are performing much better in New Jersey than online poker. Tables games, slots and video poker won $18.5 million. That was up 28.2 percent over June 2016. New Jersey online casino games are up 34.2 percent year-to-date.
New Jersey online casinos and poker rooms won a combined $20.2 million in June. That is up 23.4 percent over the previous year. Online casino revenues are up 28.1 percent year-to-date.
Golden Nugget and its partner Betfair continue to dominate the New Jersey online casino market. The pair won $5.58 million in June. That’s more than $2 higher than the closest competitor in terms of online casino revenues.
Tropicana posted the second highest casino number in New Jersey in June. Tropicana and its partner Gamesys won $3.48 million from online casino games. Borgata took in $3.3 million, while Caesars won $3.14 million and Resorts scored $3 million. These numbers are in addition to online poker, where available.
New Jersey is the largest regulated U.S. online gaming market. The sites are licensed through Atlantic City casinos. Each license may host up to five separate brands.
Atlantic City’s June gaming revenues were level with the previous year. The city’s seven casinos combined to win $197.5 million last month. Borgata continues to lead the market with $59.8 million in gaming revenues in June. That was nearly double second place, which belonged to Harrah’s, which won $31.6 million last month.