New Jersey DGE September 2015 Gaming Results
The September, 2015 Gaming Revenue Results were released by the New Jersey Division of Gaming Enforcement (NJDGE) at 2:00 PM, Thursday, October 15, 2015.
As predicted the September numbers reflect a strong month due to Labor Day weekend contribution and non-casino events like the Miss America Pageant and Air Show.
Total Gaming Win from the Casino Hotels was $230.1 million in September 2015 compared to $209.4 million September 2014 (including Discontinued Operator – Trump Plaza) a huge 9.9% INCREASE. The lack of Showboat and Revel comparable numbers also impacted the total.
For the month, Casino Win was $217.9 million, and Internet Gaming Win was $12.0 million. Internet Gaming in September 2014 was $10.2 million (including Discontinued – Ultimate Gaming).
2015 August Poker was 14.7% of Total Internet Revenue versus 20.3% in 2014.
2015 August Casino was 85.3% of Total Internet Revenue versus 79.7% in 2014.
ONLINE GAMING RESULTS
The NJDGE official report for September Online Poker revenues vs. August, $1.885 million to $1.771 million, DOWN by 6%. Casino Games were, $10.64 million versus $10.25 million, down by 3.7%. Total New Jersey Online Revenue was $12.0 million, DOWN by 1.6%.
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 28.1% share (Still first in poker, and remained second in casino games).
Caesar’s Interactive (CIE) moved up to second place overall with 22.1% (Second in poker, fourth in casino games).
The Tropicana, with only casino games, dropped to third place overall for the month with a 21.8% revenue share, a reduced share from August but remained #1 in casino games in September.
Golden Nugget/BetFair combination secured a revenue share of only 20.1%, staying in 4th place overall and third place in online casino games win, however its percentage increased by 1.7% in revenue share from August.
RESORTS online casino games moved up to a 7.8% of overall online revenue, an additional 1.7% greater than August with its largest contribution to date.
In addition, The Mohegans, who run the day-to-day operations of Resorts Casino Hotel, won approval of a new, management agreement on Wednesday, October 14th. It allows them to invest in Resorts’ Internet operations.
The Online Poker Numbers showed Party and Borgata’s increased its edge over Caesar’s/888 for the month – 53.6% to 46.4%. It can be attributed to the out of towners preferring Party and Borgata while playing in the Borgata’s B&M Tournament Series.
The Month to Month comparison of Internet Gaming Figures: September 2015, $12.0 million versus September 2014’s $10.2 million, produced another better than expected INCREASE of 15%. Online Casino numbers continued to rise with September 2015 $10.2 million versus $8.1 million in September 2014, a 25.6% INCREASE.
Total Online Poker revenue for 2014 and 2015 month to month was $1.771 million versus $2.08 million, a DECREASE of 15.1%. It was the SIXTH month in a row that New Jersey couldn’t break $2 million in online poker revenue, Borgata and Party began a new streak of months under $1 million, falling short by almost $50K. It is a low point.
BRICK & MORTAR POKER RESULTS
Atlantic City Brick and Mortar Poker revenues continued the trend. If there is a major tournament in town, the revenues rise markedly. The Borgata Poker Open helped increase revenues to $3.34 million from $2.61 million in August, a sizeable increase of $730K over August.
The Borgata had a whopping 70% of the Revenue Share; Caesars two poker rooms had down month by 11.7% with a 20%.
The Tropicana also dropped to 7.3% and the Golden Nugget picked up the remaining 2.5%. The Taj Mahal remains dark well beyond the anticipated 4th of July reopening scenario.
Finally, in a ruling that may markedly help Atlantic City’s gambling coffers, the Third Circuit Appellate Court has agreed to re-hear the case for legalized sports betting at Atlantic City Casinos and New Jersey horse race tracks. We have been here before, but this is going in the right direction.