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New Jersey January Online Gambling revenues Rise
Friday February 13,2015 : JANUARY REVENUES FROM ONLINE GAMBLING IN NEW JERSEY RISE
22 percent year-on-year improvement.
There was better news for online gambling operators in New Jersey this week when the January numbers were released by the Division for Gaming Enforcement, revealing a 22 percent year-on-year improvement in revenues to $11.6 million...an 8 percent rise on the preceding month.
Online poker rake and fees during January was also up 11 percent on the preceding month, although on a year-on-year basis it declined a very disappointing 33 percent.
Online casino action delivered $9.3 million in January - up 54 percent from the previous year and 8 percent from the previous month.
Borgata-Party Poker continued to lead in the online poker vertical, at $1.3 million it was $300,000 ahead of its sole rival, Caesars-888.
On the online casino front, Tropicana led the market with revenues of $2.6 million, following by Borgata-Party ($2.5 million); Golden Nugget-Betfair ($2.5 million); and Caesars-888 ($1.4 million).
On the land side of the Atlantic City business, the reduction in competition following four closures over the past year slowed the revenue attrition rate to just .2 percent year-on-year, with total win coming in at $186 million.
Revenue in January at the city's remaining eight casinos was up nearly 19 percent compared to a year ago.
Seven of the eight remaining land casinos posted improvement over last year, with Borgata continuing to dominate the market with a win of $57 million - nearly double that of second placed Harrah’s. Golden Nugget posted the largest percentage gain, up 50.8 percent over the year before.
Six of the eight Atlantic City casinos won at least 18 percent more in January 2015 than they did in January 2014.
The only loser was the Trump Taj Mahal, where gaming win was down 21.2 percent.
Matt Levinson, chairman of the New Jersey Casino Control Commission, said the numbers could indicate the worst is over.
"Seven out of them were up, and six reported double-digit increases," he said. "Even when you include the now-closed casinos in last year's results, the total gaming win is still up. While it is always risky to say we've turned a corner or that there is light at the end of the proverbial tunnel, let me say that January's results are very encouraging."
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To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
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The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
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Microgaming Wins The Spark Award 2017 -
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NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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