New Jersey egaming revenues hold steady in April
Revenues down just 3.7% sequentially to $12.7m following the marketâs best performance to date in March
Online operators in New Jersey were unable to generate record egaming revenues for a second consecutive month in April, but the latest figures released by the state regulator show the market remained resilient. [private]
According to figures from the Division of Gaming Enforcement (DGE), total gross gaming revenue (GGR) fell just 3.7% sequentially to $12.7m, but was up an impressive 11.1% compared with the same period last year when revenues reached $11.4m.
The two regulated products enjoyed mixed fortunes once again in April, with poker revenues down 23% year-on-year for the fourth consecutive month to $2m, while casino revenues increased 21% to $10.7m during the period.
The Borgata continued to top the revenues tables â as it has done since the market opening in November 2013 â with GGR of $3.9m.
Its poker sites attracted $1.1m while casino contributed $2.8m. But the numbers represent a slight 4.8% decrease on the previous year.
While the Borgata continued its dominant run, the Golden Nugget, including contributions from BetfairCasino.com, made the biggest strides with revenues up 10% to $3.3m making it the largest casino operator in the market for the first time.
Golden Nuggetâs gain appeared to be the Tropicanaâs loss, as the operator saw revenues from TropicanaCasino.com and VirginCasino.com tumble 27% MoM to $2.7m, but still enough to keep it in third place in the overall rankings.
Caesars Interactiveâs revenues remained relatively flat sequentially at $2.7m with $858,845 coming from poker and $1.5m from online casino. The numbers represent at 10% YoY decline, with poker down 22% and casino down 21%.
Aprilâs revenues include the second full month of contributions from ResortsCasino.com, which launched in the Garden State at the back end of February.
The operator saw GGR rise from $154,071 in March to $212,739 in April showing signs it is beginning to find its feet in the market.