As I have been predicting for months now, the NJ online revenue figures took a turn for the worse in April and declined 4.3% vs March to 11.5 Million dollars.
Online poker revenue suffered the biggest loss with a 19.25% decline in the month of April vs March.
I am still sticking with my prediction that gross revenue for online gaming in NJ will not exceed 150 Million dollars in the first year of operations.
Online gambling revenue shows first decline in NJ | The Asbury Park Press NJ | app.com.
Overall online revenue is up about 14.5% to approx 11.8M.
Poker revenue (as predicted) is flat at 3.2M in March versus 3.1M in February.
Other casino games represent this months growth. 8.6M in March versus 7.2M in February.
Borgata and Caesars lead the pack with 8.1M of the total 11.2M
Totals by operator.
http://www.nj.gov/lps/ge/docs/Financials/IGRTaxReturns/DGE105March2014.pdf
In the past 4 months, the State of NJ released the monthly internet gross revenue reports for the previous months between the 5th and 9th of each month.
We are now almost mid-month in April and we still haven’t seen the numbers. Strange….
You didn’t need to be a rocket scientist to figure out that everyone’s expectations for the NJ revenue figures were unattainable. Regardless of how the “experts” portray it and what excuses they are saying attributed to the shortfall, the numbers will continue to disappoint IMHO. I still say NJ will generate no more than 150M in online gambling revenue this year.
Why New Jersey Fell Far Short of Online Gambling Expectations – Businessweek.
Poker revenues in Nevada nothing to write home about. It seems like the revenue will continue to disappoint in the near term. NJ online revenue figures for February should be out shortly.
Nevada Online Poker Revenue: Better Than Delaware, Worse Than New Jersey » Online Poker Report.