PokerStars is an immediate winner for NJ

PokerStars is an immediate winner for NJ

Friday, May 13, 2016 Totally Gaming
New Jersey saw record monthly online win during April

PokerStars’ first full month of operations in New Jersey helped the state achieve record online takings.

Resorts Digital, which is partnered with the Amaya brand, recorded a total win of $3.5m (€3.1m) during April, which was almost three times greater than its revenue during February, the month before PokerStars began its operations.

Figures released Thursday by the Division of Gaming Enforcement (DGE), show that Resorts is now New Jersey’s second biggest online operator, with Borgata – twinned with PartyPoker - having brought in $3.9m during the month, which was 0.2 per cent down on the figure it generated last April.

Caesars Interactive and Tropicana also saw impressive gains of 29 and 12 per cent respectively compared to the previous year, with the online sector as a whole up 34 per cent at $16.9m. That total figure was also up 14 per cent on February’s pre-PokerStars figure, and up nine per cent on March – New Jersey’s previous record month.

The casino vertical claimed the majority ($14.4m) of the monthly total, which was up 34 per cent from April 2015. However, the first full month’s activity by Pokerstarsnj.com pushed online poker revenue up 30 per cent to $2.6m. 

As a whole, New Jersey’s gaming industry recorded gaming win of $215m in April, which was up 8.1 per cent year-on-year, with the year-to-date figure of $812.8m up four per cent on 2015.

TotallyGaming.com says: “PokerStars’ immediate impact is a boost for New Jersey and, should it continue, could other cash-hungry US states pushing to legalise online gaming to generate new tax revenues.” 

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