The November, 2015 Gaming Revenue Results were released by the New Jersey Division of Gaming Enforcement (NJDGE) at 2:00 PM, Monday December 14, 2015.
As the decision to open the door for new casinos in Northern New Jersey moves forward, the revenues have stabilized with a slight increase last month.
Total Gaming Win from the Casino Hotels was $204.3 million in November 2015 compared to $202.5 million November 2014 a minimal INCREASE of only 0.9%.
For the month, Casino Win was $191.1 million, and Internet Gaming Win was $13.2 million. Internet Gaming in November 2014 was $8.7 million.
2015 November Poker was 14.8% of Total Internet Revenue versus 21.5% in 2014.
2015 November Casino was 85.2% of Total Internet Revenue versus 78.5% in 2014.
ONLINE GAMING RESULTS
The NJDGE official report for November Online Poker revenues vs. October, $1.913 million to $1.957 million, UP by 2.3%. Casino Games were, $10.95 million versus $11.26 million, UP by 2.8%. Total New Jersey Online Revenue was $13.22 million, UP by 2.3%.
The Borgata and Party Poker (including Pala Entertainment) combination continues to lead as the top revenue producing I-Gaming site(s) in New Jersey with a 31.0% share, an almost 4% increase over last month (Still first in poker always, and surged back into the lead in casino games).
Caesar’s Interactive (CIE) dropped to third place overall with 20.6%, a 2% Drop (Second in poker, fourth in casino games).
The Tropicana, with only casino games, drove into second place overall for the month with a 22.5% revenue share, a similar share from October and continued to remain #1 in casino games in November.
Golden Nugget/BetFair combination had a huge drop in revenue share from 21.0% to 16.6% in November, staying in 4th place overall, but falling to fourth in online casino games win category.
RESORTS online casino games surged to 9.2% after garnering only 6.9% of overall online revenue last month, a sizeable 2.3% increase.
PokerStars and/or Full Tilt approval by NJDGE on September 30th may have finally affected RESORTS November on-line casino play. Opening date for the Site(s) is still remains pending the completion of a repayment schedule for past customers set forth by NJDGE. The anticipated apparent start date is looking less likely for early January 2016.
The Online Poker Numbers showed Party and Borgata maintaining its edge over Caesar’s/888 for the month – 56.3% to 44.7%. It maintained the share picked up during last month’s Party/Borgata Fall Online Poker Series.
The Month to Month comparison of Internet Gaming Figures: November 2015, $13.22 million versus November 2014’s $8.7 million, posted an Impressive INCREASE of 51.9%. Online Casino numbers continued to rise with November 2015 $11.26 million versus $6.86 million in November 2014, a whopping 64.4% INCREASE.
Total Online Poker revenue for 2014 and 2015 month to month was $1.957 million versus $1.877 million, an INCREASE of 4.2%. It was the EIGHTH month in a row that New Jersey couldn’t break $2 million in online poker revenue, Borgata and Party however did crack the $1 million barrier for the second month.
BRICK & MORTAR POKER RESULTS
Atlantic City Brick and Mortar Poker revenues continued a trend. There was a major tournament in town. Revenues rose to $2.73 million in November after The Borgata Fall Poker Open helped increase revenues to $2.23 million in October. This almost $500K spike was less than the $730K performance at the previous Series.
The Borgata had a respectable 64.9% of the Revenue Share; Caesars two poker rooms dropped to only 23.6% share.
The Tropicana backed down to 8.4%, a 1.2% share decrease and the Golden Nugget continues in the basement with the remaining 3.1%. The Taj Mahal remains in the dark and will end the year closed for poker business.
The Casino Association of New Jersey said, “The Atlantic City market finally started to stabilize in 2015, after years of cannibalization by casinos in neighboring states. The last thing this community needs is more competition from within our own state’s borders.”
And that is what is going to happen with a Referendum for New Jersey residents on the ballot in November of 2016. Stay strong Atlantic City!