Online poker revenue in New Jersey dropped to its lowest monthly total ever in September when only $1,771,123 was collected by the four poker sites currently in operation.
Regulated online poker and gambling launched in New Jersey on November 26, 2013, with revenue from poker totaling $326,740 in the final five days of the month. Excluding that month since it was far from a full month of action, September’s total beat the previous record low of $1,835,576 set in June 2015.
By comparison, the best month for ipoker revenue in the Garden State was $3,442,271 in January 2014. That’s just a bit shy of double the record low set last month.
PokerStars Where Are You?
The poor showing in September follows two months of revenue increases and comes at a time when players anxiously await the arrival of PokerStars into the market. Parent company Amaya was granted approval to operate in New Jersey on September 30 by the Division of Gaming Enforcement, leading many industry observers to predict that the gaming giant’s presence will spur an increase in action on the online poker tables.
If those prognosticators are correct, it appears that the green light given to Amaya and PokerStars couldn’t have come at a better time. Based on the latest revenue totals, the New Jersey market could use a jolt and PokerStars may provide the spark needed. However, no launch date has yet been announced.
Numbers by Network
The tandem of BorgataPoker.com and Partypoker NJ continue to lead the way in terms of ipoker revenue in New Jersey, which they have done since launch except for the abbreviated month of November 2013. The pair collected $950,310 in September.
The alliance of WSOP.com and 888poker NJ were not far behind with $820,813. Incidentally, those were record lows for both pairings, with Borgata and Partypoker just barely getting lower than the $950,907 revenue total in June 2015.
Delaware at All-Time Low Too
Ironically enough, one of the three other regulated states, Delaware, also hit rock bottom in online poker revenue in September. The First State, with one of the lowest population totals in the nation, collected only $24,523 in ipoker rake and fees in September.
Nevada, the other regulated state, chooses not to release revenue totals unless at least three poker sites are operating. With only WSOP.com and Real Gaming currently servicing online poker players in the Silver State since Ultimate Poker bowed out of the market in November 2014, we are left to speculate as to whether Nevada reached an all-time low in September as well.
Online Casino Gaming Revenue Up
On the bright side, online revenue from casino games such as blackjack and slots increased in New Jersey in September. The gain was a mild one month-over-month, from $10,234,283 in August to $10,254,556 in September.
Six of the last seven months of 2015 have seen online casino game revenue surpass $10 million, a mark that was never reached prior to March of this year.
Revenue totals courtesy of PlayNJ.com