New Jersey online poker revenue sinks to historic low

New Jersey’s regulated online gambling market enjoyed its fourth straight month of revenue over $20m despite online poker sinking to a new all-time low.

Figures released Wednesday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed online gambling operators reported revenue of $20.2m in June, up 23.4% from the same month last year but down $900k from May 2017.

June’s result extends (albeit just barely) the state’s $20m+ revenue hot streak that began with the still-record $21.7m set in March. The feat was entirely attributable to the casino vertical, which saw revenue rise 23.4% year-on-year to $18.5m, although this was down nearly $500k from May 2017.

But it was the poker vertical that truly stunk out the joint, falling nearly 12% year-on-year to $1.73m, a new record low for the market since the first state-licensed sites launched in November 2013. Poker has traditionally suffered a seasonal summer swoon but it seems the state’s players felt an even stronger call of the wild this year that lured them away from their computers.