SBC News Voice of the Sports Betting Industry
The State of New Jersey reported declining igaming revenues for a third consecutive month in June. Igaming figures published by the Division of Gaming Enforcement (DGE) reported total revenues down 9.5% month on month to $9.5 million (£5.6 million).
The DGE reported that online casino contributed $7.5 million (4.4 million) of total revenues, with online poker supporting revenues of $2 million (£1.2 million).
The decline in performance has affected New Jersey igaming partnerships, between digital operators and land based casino operators.
New Jersey market leader Bwin.party and The Borgata had witnessed gross gaming revenues decline in the period by 15% to $3.4 million (£1.98 million). Caesars Interactive and 888.com saw a $200,000 decline in revenues for its CaesarsCasino.com and HarrahsCasino.com igaming brands.
Betfair and Trump Plaza generated $503,000 during the period, however US news sources have reported that Trumpl Plaza will look to shut down its New Jersey operations by Q4 2014. It is unclear whether Betfair will remain in the New Jersey market.
From launch to the end of June a total of 378,564 igaming accounts have been created in New Jersey, up 7.8% from the 351,136 accounts created as of May.
