States

NJ Online Poker And Casino Sites Post Record March Revenues While Land-Based Lags

John Mehaffey April 17, 2015

New Jersey’s regulated online poker and casino sites posted record revenues in March. Internet revenues were $13.2 million. This consisted of $2.2 million in poker and nearly $11 million from house-banked casino games.

That was up 10.8 percent from March 2014. Casino revenue was up 26.2 percent, while poker was down 30.6 percent.

Borgata was the biggest winner in the New Jersey Internet gambling market. It won $4.2 million during March. Borgata Poker and Party Poker raked $1.2 million during the month. Casinos under Borgata’s license won almost $3 million.

These licensees include Borgata Casino, Party Poker, and Pala Casino.

Caesars Interactive raked $1 million at the poker tables during March under the WSOP.com and 888 brands. Its family of casinos won $1.8 million at house games.

Tropicana and its partner Virgin Casino were the big winners at casino games in March. The pair booked a win of just over $3 million. Golden Nugget and its sister site Betfair took in just under $3 million at its tables and slots.

Resorts, the newest entry into the market, won $154,000 in its online casino.

Land-based AC casinos post another losing month

The picture was not as positive for Atlantic City’s brick-and-mortar business. Atlantic City casinos posted a win of $190 million during March. That was down from $221 million from the previous year, a loss of 13.9 percent.

When removing the four shuttered casinos from the 2014 revenue – Atlantic Club, Showboat, Revel and Trump Plaza – gaming win was up 1.4 percent.

Borgata maintained its top spot, booking a win of $56 million, up 8.8 percent. Harrah’s, the second highest revenue generator in Atlantic City, won $32 million. That was up 11.4 percent over the previous year. Golden Nugget was the only other Atlantic City casino to post positive gaming win over March 2014. It won $16 million, up 25.9 percent.

Trump Taj Mahal was the biggest loser. The troubled casino won just under $15 million, down 22.8 percent from 2014. Bally’s, Caesars, Resorts, and Tropicana all posted negative numbers over March 2014.