NJ Online Poker Revenue Down

NJ Online Poker Revenue Down

Thursday, 16 July 2015

The largest regulated iGaming state, New Jersey, recently released its latest financials and once again poker has suffered a drop.

According to the stats, the Garden State's collection of online poker sites (BorgataPoker.com, Partypoker.com, WSOP.com and 888poker.com) banked $1,835,576 which is 5% lower than May's $1,928,106.

In addition to falling behind May's earnings, the state's collective of sites also lost ground on 2014's summer takings. Back in June 2014 the sites collected $2,048,087, a figure which is 11.6% more than in 2015.

Fortunately, it wasn't all bad news for New Jersey's iGaming operators in June. Away from poker, the casino platforms managed to make huge year-on-year improvements thanks to impressive hauls from Borgata/ partypoker and 888poker.

Overall, the $11,668,709 banked was 23% more than the $9,505,583 earned in 2014.

Although the month-on-month decline might be a cause for concern for some, the overriding feeling is that summer is often a slow period for the industry. With events such as the WSOP in full swing and the sun shining outside, people are often less inclined to ante-up via their computer.

Indeed, the real test for the Garden State will come in August and September when the antics of the summer are a fading memory.

Tags: New Jersey, USA