Poker Coverage: Poker Legislation Poker Tournaments Daily Fantasy Sports

New Jersey Online Casinos Win $148M In 2015

Revenue Increases 21 Percent Year-Over-Year

Print-icon
 

Last week, New Jersey gaming regulators released revenue figures for December, which showed that online gaming has reached new heights in the state.

December Internet gaming revenue was $14.04 million, up nearly 31 percent from December 2014’s $10.74 million. Revenue from poker did fall to $1.98 million, down from $2.06 million the previous year.

The $14.04 million was a monthly record for the state, which kicked off online gaming in late 2013. The previous record was the $13.2 million this past November.

Since launching, New Jersey’s online gaming industry has won roughly $280 million.

The revenue from December brought 2015’s overall Internet gaming total to $148.88 million, up 21.2 percent from the $122.88 million won in 2014. Poker play fell 18.1 percent on the year, going from $29.06 million in 2014 to $23.82 million in 2015.

Here’s the Internet gaming win breakdown by operator:

Borgata: $45,667,287
Tropicana: $32,822,727
Caesars Interactive NJ: $32,638,153
Golden Nugget: $30,968,182
Resorts Digital: $6,783,831

Despite the help from online gaming, Atlantic City casino win in 2015 was $2.56 billion, down 6.5 percent from $2.74 billion in 2014. The market has been contracting ever since 2006’s record of more than $5 billion.

The continued struggles for the city have prompted lawmakers not only to push for casinos in North Jersey, but to also consider a plan for a state takeover of Atlantic City’s finances. The gambling town might be on the verge of bankruptcy.

Additionally, the state gave a license last fall to PokerStars, the world’s largest online poker site in terms of users. It has nearly 70 percent of the global online poker market. The company said it will kick off its games sometime in the first half of 2016. New Jersey players will not be able to play with rest-of-world players for now.