With summer in full swing, New Jersey online poker players found outdoor activities more to their liking than logging on and waging battles against their state brethren on the virtual felt.
Online poker revenue in June was off 5% from the previous month when tallying the rake taken in collectively at BorgataPoker.com, Partypoker.com, WSOP.com and 888poker.com. The New Jersey Division of Gaming Enforcement (DGE) reported that those sites generated $1,835,576 in June. Last month’s total – before summer arrived – was $1,928,106.
The drop off in ipoker revenue is even steeper when comparing numbers year-over-year. Internet poker revenue in June 2014 totaled $2,048,087, including rather modest amounts from rooms that were operating at the time but have since pulled the plug on peer to peer igaming, Betfair and Ultimate Poker. The decrease from June of last year is 11.6%.
Leading the way in June was the Borgata Poker and Partypoker alliance with $950,907 in ipoker revenue. The WSOP and 888poker pairing was not far behind at $884,669.
Online Gaming Down Too
The revenue results also showed a month-to-month drop when combining online casino games with ipoker. June 2015 saw online gaming revenue reach $11,668,709. That total was $12,474,586 in May, a decline of almost 7%.
On the bright side are year-over-year revenue totals for online gaming. A whopping increase of 23% was realized, as total online gaming revenue for June 2014 came in at $9,505,583.
Better Days Ahead?
Still missing from New Jersey is PokerStars, but the wait for regulatory license approval may be nearing its end. We are already in Q3 of 2015, the time frame in which parent company Amaya CEO David Baazov expected PokerStars to receive its DGE rubber stamp and to launch in the Garden State.
PokerStars’ presence in the market has been highly anticipated for quite some time, as far back as last September when company representatives sat down with online poker players in Jersey City and Atlantic City to get some valuable feedback. The big dog’s eventual arrival as a player in the New Jersey market has many believing that ipoker revenue will increase considerably.
Also expected to launch a New Jersey online poker room in due course is Pala Interactive. Company CEO Jim Ryan recently let it be known that Pala is waiting for PokerStars to make its entry before joining the game. Ryan cited the need for greater player awareness in New Jersey and believes that PokerStars may be just what the doctor ordered.
Let’s hope that the doctor (or the DGE) has another order in mind, more along the lines of New Jersey joining the Multi State Poker Network with Nevada and Delaware. Interstate online poker is crucial to the success of state-by-state regulation in the U.S. – as DGE Director David Rebuck admitted earlier this year following the release of a report entitled “New Jersey Internet Gaming One Year Anniversary – Achievements to Date and Goals for the Future.”