The February 2016 Gaming Revenue Results were released by the New Jersey Division of Gaming Enforcement (NJDGE) at 2:00 PM Monday, March 14, 2016.
Despite the dire consequence that continue to unfold from the State Capital in Trenton, gaming life goes on in Atlantic City. The rhetoric regarding the takeover of the City by the State of New Jersey continues with early April as the “drop-dead’ date.
The huge loss of Revenue from the high of $5.2 Billion in 2006 to the $2.56 Billion in 2015 reflects the downward spiral of the city’s finances, and the perceived need to ADD 2 new casinos in the northern part of the State. This appears to be inching forward, and will be in the form of a ballot question in November when New Jersey residents will be asked for approval.
Total Gaming Win from the Casino Hotels was $204.7 million in February 2016 compared to $178.4 million February 2015 reflecting a formidable 14.7% Increase with the Leap Day.
For the month, Casino Win was $190.0 million and Internet Gaming Win was $14.7 million. Internet Gaming in February 2015 was $10.4 million.
2016 February Poker was 13.5% of Total Internet Revenue versus 19.7% in 2015.
2016 February Casino was 86.5% of Total Internet Revenue versus 80.3% in 2015.
ONLINE GAMING RESULTS
The NJDGE official report for January Online Poker revenues show February versus January, $1.99 million to $2.15 million, Down by 7.4%, and Casino Games, $12.76 million versus $12.47 million, UP by 2.4%. Total New Jersey Online Revenue was $14.75 million UP 1%
The Borgata and Party Poker including Pala Entertainment combination continued as the leading revenue producing I-Gaming site(s) in New Jersey with a 28.7% share (First in poker and casino games).
Golden Nugget/BetFair secured a revenue share of 21.1%, a solid second place in total and casino games.
The Tropicana was up in overall third place for the month with a 20.7% revenue share, number 3 in casino games.
Caesar’s Interactive (CIE) dropped to fourth place with 20.5% (Second in poker, fourth in casino games).
Resorts contributed 8.9% as we await PokerStars launch on March 21st to give a boost.
The Online Poker Numbers showed Party and Borgata extended its edge over Caesar’s/888 for the month 53.2% to 46.8%.
The Month to Month comparison of Internet Gaming Figures – Online Poker February 2016 produced $1.99 million versus February 2015’s $2.04 million, a minimal decrease of 2%.
Online Casino numbers continued to fare considerably better. February 2016 $12.8 million versus $8.4 million in February 2015, an immense 52.3% increase. (Note: Last February Betfair – $1.5 Million payout)
Total Casino and Poker revenue for 2015 and 2016 was $10.4 million versus $14.75 million, the strong $4.3 million increase produced a 41.3% positive.
BRICK & MORTAR POKER RESULTS
Brick and Mortar Poker revenues decreased by $942K for February. The Borgata hosted Annual Borgata Winter Open ended on February 5th.
The Borgata had 61.6% of the Revenue Share; Caesars two poker rooms had 26.8%.
The Tropicana revenue share to 7.9% and the Golden Nugget had 3.6%.
Resorts long awaited New Poker Room, with its partnership with PokerStars seems to be back on track.
THOUGHTS OF POKERSTARS BECOMING REALITY
The world’s largest poker site – “Live in New Jersey” beginning March 21st, if the soft launch goes according to plan.
PokerStars says a NJ account will have a simple step-by-step set up process, and take advantage of great special launch offers!
Players will be able to download the software wherever they are in the USA, but please note: real money play will only be possible when physically located in New Jersey.
Similar to the launches 2+ years ago, it was announced that a soft launch will begin this week with player numbers capped at 500 during the five-day testing period, with play available at the following times:
March 16/17: 4:00 PM – Midnight EDT (8 hours)
March 18: 8:00 AM – Midnight EDT (16 hours)
March 19/20: 24 hours a day, round the clock
We will be able to take advantage of what PokerStars calls “great first deposit offers, as well as register for a special free roll for only New Jersey players on March 27, when $25,000 will be given away”.
Good Luck New Jersey Players! Look for my first-hand encounters with the PokerStars setup and play in an upcoming article.