New Jersey Online Revenues Drop 9 Percent in June

July 14, 2014
New Jersey Online Revenues Drop 9 Percent in June

The New Jersey Division of Gaming Enforcement released online gambling revenue results for June earlier today. Nearly every casinos saw shrinkage month-over-month despite a 7% increase in user accounts.

Online gambling revenues for the month of June totaled $9,505,578 million, down 9% percent ($964,355) from May. The Borgata saw the largest drop month-over-month, dropping $550,480 to $3.46 million. Despite promotions for the World Series of Poker running throughout June, Caesars still lost $188,993 month-over-month, falling to $2.6 million.

Tropicana and Trump Plaza both posted modest drops in June. Tropicana fell $148,881 to $1.72 million while Trump Plaza fell $174,014 to $503,434. Trump Plaza recently announced plans to shut down their casino by mid-September.

Trump Taj Mahal remained relatively flat in June, dropping just $1,668. Golden Nugget was the only online site to post a gain in June, up $99,686 to $710,635.

According to a press release issued by the DGE, 378,564 players have registered for an online gambling account in New Jersey though June. This number is up 7.8 percent from 351,156.

Through June, New Jersey has collected over $63 million in online gaming win. Online poker attributes to $16.67 million with table games making up the rest.

Borgata and Caesars virtually dominates the online poker market with $8.7 and $7.5 million each in revenue collected. Trump Taj Mahal is a distant third with $402,179 and Trump Plaza has a measly $48 in online poker rake collected.

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