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New Jersey Internet Gambling Revenues up 28 Percent

Thursday February 13,2014 : INTERNET GAMBLING REVENUES UP 28 PERCENT IN  NEW JERSEY
 
Online gambling operations in January generated $9.46 million in revenues
 
It looks as though internet gambling in New Jersey is starting to ramp up significantly, with January revenues coming in at $9.46 million – a 28 percent rise over December, the first full month that state residents and visitors could gamble online.
 
On the land side, Atlantic City casinos took another knock, with revenues down 9.2 percent to
$186.3 million from a year earlier, the state Division of Gaming Enforcement reported.
 
Six land casino operators in Atlantic City are offering online betting, and most have accepted that the new genre will take time to ramp up to substantial levels. For now the consensus appears to be that progress is encouraging and the new business has good potential.
 
The DGE reports that at the end of January there were 197,782 Internet gaming accounts established in New Jersey since play began on November 21 as gamblers continue to sign up.
 
Borgata Casino Hotel & Spa, continued to lead the online gambling operators presently offering online wagering, with $3.9 million in revenue or about 41 percent of the market. Borgata is owned by MGM Resorts International and Boyd Gaming Corp. who are in partnership with Bwin.Party Digital Entertainment.
 
Caesars and online partner 888 was in second place with $3 million in online revenue.
 
Keith Smith, president of Boyd Gaming, which owns half the Borgata, reiterated that online gambling had again brought new customers to the Borgata rather than cannibalising existing business.
 
"These results also once again demonstrate online gaming's potential to expand our business," he told the Associated Press news agency.
 
"About 85 percent of our online players have not had rated play at Borgata in at least two years, showing there is little overlap with our land-based business. Online gaming is growing our database, creating a long-term opportunity to market Borgata to an entirely new group of customers."
 
The Borgata has 41 percent of New Jersey's online market, but Caesars Interactive reduced the gap  in January, increasing its online revenue by 49 percent.
 
Seth Palansky, a spokesman for Caesars Interactive said, "We saw huge growth in online casino revenue, and significant growth in poker revenue, too. We started marketing in earnest in January, and the promotions we offered our customers really seemed to resonate well. We're very encouraged on how the New Jersey market is performing for us across all three of our brands, CaesarsCasino.com, Harrahscasino.com and WSOP.com."
 
AP reports that the other Internet gambling providers continued to lag behind in January. The Trump Taj Mahal, with its Ultimate Casino brand, took in $858,351, placing it slightly ahead of the Tropicana Casino and Resort, with its Virgin and Tropicana brand sites, which took in $841,065 for the month.
 
Trump Plaza Hotel and Casino and its Betfair brand won $557,007 online in January, and the Golden Nugget Atlantic City, with its self-branded site, won $286,922 online.
 
The $9.5 million in online gambling revenues in January produced $1.4 million in state taxes, based on the state’s 15 percent internet gross revenue tax.
 
When combined with revenues collected since late November -— when New Jersey became the third U.S. state to offer online casino gambling — the state treasury is on a pace to collect roughly $10 million in tax revenues from Internet gambling by the end of the fiscal year in June.



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Michael Myers is back in Halloween Slot Machine - Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.

Joe Fortune new Rewards Program - Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.

Day 1a MPN Poker Tour Tallinn Main Event - Day 1a brought 106 entries into the €550 Main Event, with nearly as many players turning out for the last €35 super satellite into tomorrow’s Day 1b

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

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