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New jersey Online Gambling July 2016 Report
NEW JERSEY ONLINE GAMBLING ENJOYS A PROFITABLE JULY
Online revenues grow 38.6 percent year-on-year.
The New Jersey Division of Gaming Enforcement released its July 2016 figures Friday, reporting that online gambling continues to prosper, delivering revenues up 38.6 percent year-on-year of $17.37 million (July 2015: $12.53 million).
The online sector performed a million dollars a month better in July than in the preceding month, and the sector has set a new record, surpassing Aprils $17 million milestone.
On a year-to-date basis, the online component is up 32.6 percent at $112.2 million, with online poker rising 10.8 percent to over $15.7 million and casino up 37.2 percent at over $96.4 million.
Land gaming activity in Atlantic City delivered revenues of $245 million in July 2016.
Added to the online gambling contribution, total New Jersey gambling revenue for July 2016 was $257.5 million - a 6.9 percent year-on-year improvement.
Online poker was up 6.7 percent versus July 2015, delivering $2.01 million, only 11.5 percent of online revenue (July 2015: 15 percent), whilst online casino operations at $15.35 million were up 44.2 percent y-o-y contributed 88.5 percent of overall online revenue, up from 85 percent in July 2015.
Borgata-Party Poker led the online market with a 22.9 percent share, chased by Golden Nugget-Betfair on 21.3 percent and Caesars Interactive on 19.5 percent. Tropicana was fourth with 18.6 percent and Resorts-Pokerstars-NYX trailed on 17.6 percent.
From an online poker only perspective, Resorts-Pokerstars led the field with 37.5 percent of the market, followed by CIE-WSOP-888 on 32.3 percent and Borgata-Party Poker on 30.2 percent
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Gambling News :
Pokerstars Now Lead Sponsor of Global Poker League -
Alex Dreyfuss Global Poker League has received a significant boost from the announcement by Dreyfuss Mediarex Sports and Entertainment company Friday that online pokers biggest operator, Pokerstars, has signed on as lead and exclusive GPL sponsor.
Betconstruch invests in Ucrafts -
BetConstruct may have also been attracted by the obvious interest in Ucrafts business - the start-up has already gained 5,000 subscribers in just a few months of commercial activity.
Plus500 Founders Selling Off Shares -
Alon Gonen and Gal Haber respectively sold 7.2 million shares, retaining a 10.4 percent interest in the company; and 2.6 million shares, retaining a smaller stake of just 3.6 percent.
Rush Golf Live Launches -
Virtual sports provider Inspired Gaming has announced the launch of its latest product - Rush Golf Live - with Betfred the first operator to carry the game.
GreenTube and Chopsticks In Partnership -
Novomatic Interactive subsidiary Greentube has announced that it has signed a partnership deal with the Gibraltar-based mobile app developer Chopsticks In The Apps Ltd through which it will organize distribution of Chopsticks games through its online, mobile, social and land-based channels.
Singapore Gambling Exemptions Granted -
The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.
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