Shared liquidity no savior for New Jersey’s online poker market

New Jersey’s regulated online gambling market failed to set a new revenue record in June, despite the late entrance of a new player.

On Thursday, the New Jersey Division of Gaming Revenue (DGE) reported that the state’s licensed online gambling operators generated revenue of just under $22.7m in June, 12.1% higher than the same month last year but a modest decline from the record sums generated this spring.

The online casino vertical did its usual heavy lifting, improving 13.1% to $20.9m, while the beleaguered online poker vertical generated $1.757m, barely ahead of its all-time market low of $1.735m set in June 2017. The poker total was also down from May’s $1.9m, suggesting the shared interstate liquidity with Nevada and Delaware is an ineffective tonic for the poker vertical’s ills.

For the year-to-date, the market is up nearly 15% to $139.5m, with casino up 18% to $128.4m and poker down 11.5% to $11.1m.