Online poker revenue slightly increased in August - New Jersey
Online poker landscape in New Jersey, one of the three States with regulated online poker market in the United States after the Black Friday, has not reached yet its highly coveted peak. Though it has always encountered multiple ups and downs including market saturation, it stands still partly due to lack of liquidity. Compared to the whole month of July, New Jersey online poker revenue increased by 5% in August, generating $ 2.25 million, figures released by the New Jersey Division of Gaming Enforcement (NJDGE) suggested. Since the beginning of the year, NJ online poker market has generated $ 21 million in revenue. However, that figure fell below the $ 34 million that Governor Chris Christie expected from NJ regulated poker.
The alliance between Borgata and Partypoker appears to be the most successful in New Jersey. Indeed, their poker rooms have amassed $ 1,167,000 in August, that is, a monthly increase of 5.25%. Caesars and WSOP brand secure second place with $ 1,061,000 of revenue, a 4.9% increase. Ultimate Poker pasted aside its partner Trump Taj Mahal rank third and mark New Jersey poker revenue drop with 11% to $ 23,099 in the month of August. Online casino market in New Jersey has also experienced a way up in terms of revenue. In August, it nearly rose by 4.7%. All combined, the year-to-September 15 statistics shows $ 83.7 million in total e-gambling revenue for 2014, the quarter of which is owed to online poker. Any way, online gambling market in New Jersey is far from being all rosy; it still needs a certain catalyst to spark growth.
Monday, 22 September 2014
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