legal-united-states-poker-sites
  • Online Poker
    • Poker Tournaments
    • Card Rooms
    • Poker Apps
    • Real Money Online Poker
    • Poker Games
      • Caribbean Stud
      • Mississippi Stud
      • Texas Hold'em
      • 5 Card Stud
      • 7 Card Stud
      • 5 Card Draw
      • 3 Card Poker
      • Omaha
      • Omaha Hi Lo
      • Horse Poker
  • Reviews
    • Americas Cardroom
    • Betonline
    • Black Chip Poker
    • Bovada
    • Ignition
    • Sportsbetting Poker
  • Deposit Methods
    • Bitcoin
    • Prepaid Visa
    • Visa
    • Cash App
    • Mastercard
  • Poker By State
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Florida
    • Georgia
    • Indiana
    • Idaho
    • Indiana
    • Illinois
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maine
    • Massachusetts
    • Maryland
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Vermont
    • Virginia
    • Washington
    • West Virginia
    • Wisconsin
    • Wyoming
  • World Series of Poker
    • Schedule
    • Main Event
    • Satellite
  • Poker Strategy
    • Bankroll Management
    • Betting Rules
    • Bluffing
    • Check Raising
    • Hand Rankings
  • Tournaments
Flag Background
Home › News › NJ Online Poker Revenue Back Down in February

NJ Online Poker Revenue Back Down in February

Written by Jennifer Newell
Last updated on March 13th, 2020
New Jersey internet gaming The overall New Jersey gambling market remained solid in February 2020. The internet gaming sector as a whole grew significantly – again – as usual, carried by online casino games. And then there was online poker, back to its old ways of decreased revenue. The New Jersey Division of Gaming Enforcement (DGE) released its February statistics today. The results showed most sectors building on last month’s success, as well as that of the entire past year. Online poker, however, swung down again as compared to the previous month and year. The familiar story is not a pleasant one for the industry to face, but it is an important part of the New Jersey internet gaming story.

February 2020 Online Poker Revenue

Things were looking up, if only by a slight margin. December 2019 and January 2020 both showcased online poker month-on-month increases. While the January numbers couldn’t muster up a year-on-year increase, the industry was prepared to settle for the monthly win. The February numbers, however, put online poker back into the dismal shape to which it became accustomed last year. A monthly and yearly loss shows that the market is most certainly in trouble.
--February 2020 online poker win:  $1,796,804 --January 2020 online poker win:  $1,832,211 --February 2019 online poker win:  $1,810,597 --Month-on-month:  1.9% decrease --Year-on-year:  0.8% decrease

February 2020 Online Casino Games Revenue

The first month of the new year was online slots and table games draw revenue that increased nearly 68% over the previous year. In February, that increased dropped by a miniscule amount. And the month-on-month revenue actually dropped more than in recent memory. Even so, this sector of the New Jersey gambling industry continues to bring the overall monthly numbers up every month. It is still the industry’s little but bright shining star.
--February 2020 online casino games win:  $50,190,964 --January 2020 online casino games win:  $53,254,379 --February 2019 online casino games win:  $29,938,129 --Month-on-month:  5.8% decrease --Year-on-year:  67.6% increase

Total Internet Gaming Win for February 2020

While online poker keeps hanging on to internet casino games for dear life, the latter made more than enough revenue and increased by such a large percentage that the entire internet sector of the state’s gaming revenue still grew by an astounding 63.7%.
--February 2020 total internet gaming win:  $51,987,768 --January 2020 total internet gaming win:  $55,086,590 --February 2019 total internet gaming win:  $31,748,726 --Month-on-month:  5.6% decrease --Year-on-year:  63.7% increase

Sports Betting Blues

The sports betting number can be deceiving. The January 2020 revenue number was massive, growing more than 185% year-on-year. That was primarily due to the season and Super Bowl wagers. February brought the numbers back to reality.
--February 2020 sports betting win:  $17,000,928 --January 2020 sports betting win:  $53,561,626 --February 2019 sports betting win:  $12,732,740 --Month-on-month:  68.3% decrease --Year-on-year:  33.5% increase
https://twitter.com/NJ_Gambling/status/1238207388244680707?s=20

Total New Jersey Gaming Revenue for February 2020

Though not as impressive as January, New Jersey’s gaming market looked good in February.
--February 2020 total gaming revenue:  $287,305,338 --January 2020 total gaming revenue:  $300,708,538 --February 2019 total gaming revenue:  $241,170,740 --Month-on-month:  4.5% decrease --Year-on-year:  19.1% increase
https://twitter.com/JustWonOne/status/1238173464332316674?s=20  

Comments

Leave a CommentCancel Reply
Placeholder Image Sign Up
How to Manage Tilt in Online Poker

Tilt in Online vs. Live Poker

how to prevent burnout in poker

Poker Burnout and Mental Health

The Kelly Criterion equation amongst a compass, poker chips, and cash

The Kelly Criterion

See All
LUSPS Freerollers Open

The September Freerollers Open Qualifiers Have Begun – Could YOU Make the Final?

$500 prize pool poker tournaments

LUSPS Freeroll Monthly Winner Announced as ‘Nagisa’ Wins $180!

a person playing online poker

LUSPS Freerollers Open Nears Conclusion in Bumper $500 Finale

See All
Legal Us Poker Sites
Browse Our Site
  • Poker Reviews
    • Ignition Review
    • Bovada Review
    • BetOnline Review
    • Americas Cardroom Review
  • State Laws
    • Texas
    • Florida
    • California
    • Virginia
    • Washington
    • Ohio
  • Georgia
  • Illinois
  • Colorado
  • New York
  • Arizona
  • Massachusetts
  • Wisconsin
  • Contact Us
  • Responsible Gambling
  • About Us
  • Sitemap
  • Privacy Policy
  • Authors
You Are In Safe Hands
Our Recommended Poker Sites Have Been Verified by
18+ BeGambleAware MGA
Follow us:

© 2024 Hyperdrive Promotions UAB | All Rights Reserved. Trust in Your Bets, Gamble Responsibly.
For Visitors 18 Years and Older.

Hyperdrive Promotions UAB
Level 27, Wing On Centre, 111 Connaught Road Central
Sheung Wan, Hong Kong
Tel:+1 (419) 601-6487