New Jersey online gambling market sets new revenue record despite poker decline

New Jersey’s regulated online gambling market started 2016 off with a bang, as revenue rose more than one-quarter year-on-year.

According to the New Jersey Division of Gaming Enforcement (DGE), its licensees’ total online gambling revenue amounted to $14.6m in January, up 26.5% from the same month last year, and a new revenue record for the state’s two-year-old regulated market.

In what has become a predictable pattern, online casino gains helped offset continuing declines in the Garden State’s online poker market. Online casino revenue was up 34.6% to just under $12.5m while online poker revenue slipped 6.4% to $2.15m.

Atlantic City’s market-leading Borgata Hotel Casino & Spa continued to assert its online supremacy with revenue of $4.6m, up from $3.8m in January 2015. The Borgata’s revenue split mimicked the wider market, with casino up 36% to $3.4m and poker down 6% to $1.2m.