Fall in I-Poker revenue

In the month of November, internet gaming revenue in New Jersey was $8.7 million, as per state gaming regulators.

Revenue collected from online poker was $1,877,603 – a small number since the Garden State launched Online gambling with real-money in November 2013. In October revenue collected from online poker was $1,967,904, part of overall internet gaming revenue that amounted to $9.48 million.

There has been a rise in the percentage of internet gaming accounts that have been created by 5.7 per cent. In November 2014, the number of accounts created was 506,172 as against October 2014 which was 479,073.

Ultimate Gaming withdrew from the Online gaming market in addition to ending its agreement with Trump Taj Mahal Associates after they filed for Chapter 11 Bankruptcy. Trump Taj Mahal shutdown its operations of the Trump Plaza Hotel and Casino. Three other Casino properties shut its operations in 2014 in New Jersey. Ultimate Gaming however continues to offer online Poker in Nevada.

Online Poker site, Betfair, closed its New Jersey site however continues to offer other Casino games. This announcement was made after $50 revenue was generated in 2014 online Poker. Revenue generated in October 2014 was $0. Betfair generated $6.6 million from other casino games in 2014.

Two Casino operators generating Poker revenue online are – Borgata and Caesars with four separate Poker sites between the operators.

Casino industry in Atlantic City had an overall gaming win, equivalent to $202.5 million in November 2014 – including the four operators that discontinued operations – in comparison to $225.7 million in November 2013. Atlantic City saw a decrease in percentage that is 10.3 per cent. One other Atlantic City casino is expected to join the bandwagon and shut its operations soon.

This is the rise and the fall of online poker in one year in New Jersey the Garden State.