New Jersey Online Poker Revenue Up in May

New Jersey Online Poker Revenue Up in May
NJ DGE shows online gaming revenue up again

It is becoming clear that New Jersey online poker revenue is on a roller coaster ride in 2018.

None of the 2018 monthly revenue totals for New Jersey’s online gaming market show poker exceeding or even matching numbers from 2017, but the continuous downswing of 2017 seems to be over. Poker online has been fluctuating month after month this year, and May was another month that saw it improve from the previous month.

While there is no sign that online poker is on the rise in New Jersey, the little industry within the larger internet gaming world of New Jersey seems to be attempting to level off.

Meanwhile, online casino games continue their upswing, with revenue continuously climbing month after month, year after year. All in all, it is good news for internet gaming in America.

Slight Bump Up for NJ Online Poker

The May numbers are in from the New Jersey Division of Gaming Enforcement, and they are good, even for online poker. The peer-to-peer games segment improved significantly from April. The same bump can be seen in the 2017 numbers, likely due to the excitement surrounding the World Series of Poker each summer. Players take to the online tables in bigger numbers in May to prepare for the June/July summer live series in Las Vegas.

Another reason for the bump in 2018, however, could be the launch of the first tri-state online poker network that connected players in New Jersey with those in Delaware and Nevada. The only poker site qualified to do so was WSOP/888poker, and it did go live on May 1, 2018, complete with WSOP satellites and promotions.

–May 2018 online poker win:  $1,929,693

–April 2018 online poker win:  $1,761,404

–May 2017 online poker win:  $2,119,885

–Month-on-month:  9.6% increase

–Year-on-year:  9% decrease

Onward and Upward for Internet Gaming

April was an anomaly for total internet gaming revenue in New Jersey. Numbers have been steadily on the rise for many months until April pulled it back slightly. Even so, most knew that it was temporary, and it was.

May proved to be a stellar month for all of the state’s online gaming ventures, not only pushing revenue back up but showing off what was the second-best month in its history.

–May 2018 online gaming win:  $24,302,621

–April 2018 online gaming win:  $23,018,762

–May 2017 online gaming win:  $21,071,248

–Month-on-month:  5.6% increase

–Year-on-year:  15.3% increase

Land-Based Gaming Suffers but Online Gaming Helps

Brick-and-mortar casinos in New Jersey took another big hit in May with a 7.2% year-on-year decrease in overall gaming revenue. The $14.9 million hit was in stark contrast to a positive April and only a small dip in March. However, May’s slide is a reminder of the 8.9% decrease in February and even more striking 12.6% decrease in January.

Those are year-on-year numbers, however. Look at the monthly revenue changes, casino revenue has been on a fairly regular upswing each month this year with a minor exception from March to April.

Throughout it all, online gaming revenue mitigated the losses and helped boost the overall gaming bottom line. New Jersey knows how much of a difference the online casinos have meant to the industry.

 

 

 

About Jennifer Newell

Jennifer began writing about poker while working at the World Poker Tour in the mid-2000s. Since then, her freelance writing career has taken her from Los Angeles to Las Vegas and back to her hometown of St. Louis, where she now lives with her two dogs. She continues to follow the poker world as she also launches a new subscription box company and finishes her first novel. Jennifer has written for numerous publications including PokerStars.com and has been followed the US market closely for the last 7 years. Follow Jen on Twitter

Disclaimer: The information on this site is my interpretation of the laws as made available online. It is in no way meant to serve as legal advice or instruction. We recommend that you seek legal advice from a licensed attorney for further or official guidance.

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