New Jersey revenues up 15% as Caesars enjoys poker spike
Caesars’ poker revenues jump by more than 40% following the launch of shared liquidity pooling
New Jersey’s online operators posted $24.3m in revenue during May, just below the record $25.6m revenue figure generated earlier this year in March.
May marked the fifteenth straight month that combined online casino and poker revenues went above the $20m mark. Online casino revenue continues to make up the largest portion of the revenue pot, generating $22.3m during May, which was a year-on-year rise of 18%.
Total online poker revenues fell by almost 9% year-on-year, reducing to $1.9m from a May 2017 high of $2.1m.
Delving deeper into the online casino figures, the big winner during the month was Golden Nugget, which generated $8.6m in gaming revenue during May, rising 45.4% year-on-year from the same period of 2017.
The Borgata followed Nugget’s lead, generating $4.5m in revenue during May, an increase of 31% on its May 2017 figures, while Caesars ended May in the bronze medal position, accruing $4.1m in revenue during the period, bettering its 2017 figures by 12.4%.
Revenue losses were reported in May by the Tropicana casino, which dropped 15.1% year-on-year to $3.4m, while the Resorts online casino revenue fell by 4.4% to $2.9m during the month.
Caesars’ fortunes in online poker fared better in May with the advent of shared liquidity pooling, with the site recording revenue of $770,348 during the month, a rise of 41.63% on figures reported during the same period of 2017.
However, it was a bad month for both the Borgata and Resorts online poker sites, which reported double digit year-on-year revenue drops of 27.7% and 25.57% respectively.