New Jersey DGE October 2015 Gaming Results

George H. DeVol III : November 13th, 2015
New Jersey Sunday Majors

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The September, 2015 Gaming Revenue Results were released by the New Jersey Division of Gaming Enforcement (NJDGE) at 2:00 PM, Friday November 13, 2015.

As the Summer Tourist Season disappeared into the sunset, Atlantic City began the descent into the cold winter doldrums that have beset the city since casinos started opening in adjoining states.

Total Gaming Win from the Casino Hotels was $204.5 million in October 2015 compared to $207.2 million October 2014 a minimal DECREASE of only 1.3%.

For the month, Casino Win was $191.6 million, and Internet Gaming Win was $12.9 million. Internet Gaming in October 2014 was $9.5 million.

2015 October Poker was 14.9% of Total Internet Revenue versus 20.7% in 2014.

2015 October Casino was 85.1% of Total Internet Revenue versus 79.3% in 2014.

ONLINE GAMING RESULTS

The NJDGE official report for October Online Poker revenues vs. September, $1.771 million to $1.913 million, UP by 7.4%. Casino Games were, $10.25 million versus $10.95 million, UP by 6.3%. Total New Jersey Online Revenue was $12.9 million, UP by almost 7%.

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 27.2% share (Still first in poker, but dropped to third place in casino games).

Caesar’s Interactive (CIE) remained in second place overall with 22.6% (Second in poker, fourth in casino games).

The Tropicana, with only casino games, remained in third place overall for the month with a 22.1% revenue share, a reduced share from September but continued to remain #1 in casino games in October.

Golden Nugget/BetFair combination secured a revenue share of 21.0%, staying in 4th place overall and an improvement to second in online casino games win, however its percentage increased by 1.0% in revenue share from September.

RESORTS online casino games dropped back to only 6.9% of overall online revenue, a decrease of almost 1.0% less than September.

PokerStars and/or Full Tilt is approval by NJDGE on September 30th had the opposite effect on RESORTS October on-line casino play. Opening date for the Site(s) is still pending the completion of a repayment schedule for past customers set forth by NJDGE. The anticipated apparent start date is looking like early January 2016.

The Online Poker Numbers showed Party and Borgata increased its edge substantially over Caesar’s/888 for the month – 56.4% to 44.6%. It can be attributed to the Party/Borgata Fall Online Poker Series that ran during the month.

The Month to Month comparison of Internet Gaming Figures: October 2015, $12.9 million versus October 2014’s $9.5 million, produced another HUGE INCREASE of 35.6%. Online Casino numbers continued to rise with October 2015 $10.95 million versus $7.57 million in October 2014, a 30.8% INCREASE.

Total Online Poker revenue for 2014 and 2015 month to month was $1.913 million versus $1.967 million, a DECREASE of 2.8%. It was the SEVENTH month in a row that New Jersey couldn’t break $2 million in online poker revenue, Borgata and Party however did re-crack the $1 million barrier, rebounding from its previous low point last month.

BRICK & MORTAR POKER RESULTS

Atlantic City Brick and Mortar Poker revenues continued a trend. When there is no major tournament in town, the revenues decrease markedly. Revenues plummeted to $2.23 million in October after The Borgata Poker Open helped increase revenues to $3.34 million in September. This $1.1 million dip was a steeper decline than the $730K increase the Series provided.

The Borgata had a respectable 60% of the Revenue Share; Caesars two poker rooms had a respectable month with a 26.6% share, an increase in share by 6.6%.

The Tropicana upped its mark to 9.6%, a 2.2% share increase and the Golden Nugget continues in the basement with the remaining 3.6%. The Taj Mahal continues to remain dark well beyond the anticipated 4th of July reopening scenario.

Finally, in developments in Trenton, the New Jersey state capital, Chris Christie, Governor and Presidential candidate stunned the Atlantic City hopefuls. He vetoed 5 of the 6 Bills written to help Atlantic City’s finance. They had been languishing on his desk as he establishes his candidacy. Stay tuned for new developments. Christie has ideas.

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