New Jersey Reports February 2014 Internet Gaming Revenues

John Mehaffey March 12, 2014 916 Reads

The New Jersey Division of Gaming Enforcement reported February 2014 gaming revenue for Atlantic City casinos and online operations today.  Internet gaming win rose to $10.3 million during February, up 8.9 percent from January, despite the shorter month.  Internet gaming win per day rose 20.6 percent.

Borgata once again posted the largest interactive gaming win in New Jersey.  Borgata and its partner bwin.party posted an online win of nearly $4.1 million.

New Jersey Interactive Gaming Win by Company

  • Borgata/Party Poker – $4,085,444
  • Caesars Interactive/888 – $3,335,470
  • Tropicana/Gamesys – $1,345,138
  • Trump Taj Mahal/Ultimate Gaming – $587,323
  • Trump Plaza/Betfair – $493,590
  • Golden Nugget – $460,121

New Jersey Internet Gaming Numbers and Poker Market Share

Poker Casino Total Poker % Share %
Borgata 1,556,629 2,528,815 4,085,444 38.10% 50.07%
Caesars  1,458,761 1,876,709 3,335,470 43.73% 46.91%
Tropicana 0 1,345,138 1,345,138 0% 0%
Taj Mahal 93,806 493,517 587,323 15.97% 3.01%
Trump Plaza 7 493,583 493,590 0% 0%
Golden Nugget 0 460,121 460,121 0% 0%

 

Poker % represents the percentage of overall income that was derived from poker.  Share % demonstrates the percentage of the overall New Jersey online poker market held by a licensee.

Borgata and its partner Party Poker lost some market share to Caesars Interactive.  This shows that WSOP and/or 888 have gained some market share.  Ultimate Poker also saw a modest increase in its small share.  Betfair, Trump Plaza’s Internet poker operator, posted rake of just $7 in February.  Its Ongame platform is still without Golden Nugget, which has yet to launch its online poker product.

Total online poker rake declined 9 percent from January.  This was offset by a 14 percent increase in casino win.  Four of the six interactive licensees saw improvement in casino results in February over the previous month.  Trump Taj Mahal and Trump Plaza were the two that posted declines.

Infographic: Three months of New Jersey interactive gaming win

Atlantic City casinos posted a win of $199.1 million in February 2014 from land-based gaming operations.  This was a decline of 6.2 percent over February 2013.  State gaming revenue fell just 1.5 percent year-over-year when including interactive gaming.

Golden Nugget, Revel and Tropicana all posted gains in casino revenue of at least 20 percent over February 2013.  Trump Plaza was the largest percentage loser.  Its gaming revenue dropped 24.9 percent over last year.  It is also the lowest volume casino in Atlantic City.

There are now only 11 Atlantic City casinos listed in the monthly report released by New Jersey gaming regulators.  Atlantic Club closed in January 2014 after falling into bankruptcy.

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