New Jersey Poker Revenues Rise

New Jersey Poker Revenues Rise

Friday, 16 January 2015

After a three month downswing, the online poker scene in New Jersey received a boost this week after it was announced the State had enjoyed an upturn in results during December.

Despite a somewhat turbulent year for the Garden State's igaming economy, the final month of 2014 seemed appeared to be kind to operators with overall revenues topping $2 million. Although still a far cry from the hundreds of millions in annual revenue Governor Chris Christie predicted the industry would make before it was legalised, the latest report was still encouraging.

The biggest winners of the month were partypoker and Borgata Poker, both of which work in unison. Thanks to an 11.3% increase over their November revenues, the two sites managed to extend their lead over the competition with a revenue based market share of 54%.

The latest financial upswing will be of interest in Europe as PokerStars is rumoured to be preparing for a US re-launch in March.

Although not confirmed by the site, Senator Ray Lesniak recently tweeted that PokerStars will be given a licence to go live in New Jersey in "March 2015". With poker revenues currently on the rise it would certainly benefit both PokerStars and New Jersey if this prediction were true.

Tags: New Jersey