New Jersey Online Poker in a Rut?

New Jersey Online Poker in a Rut?

Tuesday, 16 June 2015

Despite some upturns in fortune for New Jersey's online casinos, the poker world seemed to hit a point of stagnation in May. Following the release of the latest financial reports, it seems as though the Garden State's online poker sites have reached something of a plateau in recent weeks.

However, the news isn't as bad as many may think. The start of the summer is traditionally a slow period for online poker sites and, while May was just the start of this annual downswing, the lack of traction could be a result of this.

As ever, the two poker sites operating under the Borgata's licence, and, each raked in the most money of the month. Between the two platforms a total of $1,096,307 was collected, which was more than $200,000 more than the money taken by and which operate under the Caesars Interactive Entertainment banner.

Commenting on the latest set of results, opined that year-on-year growth and recent stability should be seen as positives.

"Although some operators may be slightly disappointed with the latest round of financial returns, the overall growth of the market should be seen as encouraging. Upswings by Caesars and Resorts helped contribute to a year-on-year growth of almost 20% and that's yet another sign that the industry is on the up," read the statement.

While online poker revenues appear to have stagnated, the potential arrival of PokerStars could be the catalyst the market needs to enjoy another upswing. Although there is no definite timeline, some are predicting that PokerStars New Jersey will be live within 90 days.

However, whether or not this will trigger a mini poker boom remains unclear.

Tags: New Jersey, America, USA