The new figures for New Jersey’s online poker industry have been released and the New Jersey Division of Gaming Enforcement is showing a slight decrease in revenues on a month to month basis of 7.3%. These findings are the first time the state has seen a break in gains for four months running.
The two operating networks in the state were able to earn $1,994,065 in online poker revenues in February, which is a slight decrease from the $2,151,232 earned in January. The month of February is shorter so this was most likely the main reason as to why the figures were less than January. When comparing the figures year on year, the decrease in revenues is much smaller at just 2.5% less. In 2015, the state was able to earn $2,045,655 during the month of February.
When you take away the online poker gaming totals and look at the casino gambling options, the state was able to see an increase for six months running. The gaming sites of New Jersey earned $12,755,555 which is a nice increase from the $12,478,841 earned in January. This was the highest total for the month of February for the state. When you combine the online gambling totals plus poker, the total earnings equals $14,749,620, the highest ever overall earnings for the state.
New Jersey now prepares for PokerStars to offer their services within the state, with a soft launch expected tomorrow. The soft launch will be capped at 500 players and will have limited game play during the first five days of operation. The official date for PokerStars to launch is March 21st. Some figures should be available from March in April but we will not see the full impact that the brand has on the state until the next few months have been completed.
It will be interesting to see just how much the revenues will increase when PokerStars is operating officially within the state.
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