Lack of new online poker players may slash NJ online casino revenues in half: analyst

New Jersey online casino operators may have had a great 2016 after a brisk 32 percent revenue growth but 2017 will be a different story.

Industry research firm Eilers & Krejcik painted a bleak picture for online casino operators for 2017, warning that the 32 percent revenue growth that the industry posted in 2016 will be slashed in half this year.

The culprit behind the possible revenue drop for this year is due to a leveling off of internet poker play, according to Chris Grove, a senior consultant at Eilers & Krejcik, which specializes in gambling technology and interactive gambling.

He predicted that NJ casino revenues will slow down at 17 percent for this year.