New Jersey Online Poker Fell 15.4 Percent in September
At a time when New Jersey's online gambling industry is thriving, online poker reached a new record low. According to the latest figures released by the New Jersey Division of Gaming Enforcement, online poker fell 15.4 percent in September.
The introduction of sports betting in New Jersey along with successful Fall marketing of casino gaming boosted the overall online gambling industry by nearly 20 percent in September. However, poker did not contribute to that growth.
Online poker rake in New Jersey came to $1,609,989 in September. It represents a significant drop of $292,260 from the same month in 2017. Last month's poker rake was even lower than the previous record low set in June 2017 of $1,735,634.
The fall of revenues is troubling for state online poker operators who anticipated returns on the industry's latest innovations. Online poker player pool liquidity with Nevada and Delaware has not been enough to boost New Jersey's market and September iPoker tournaments were little help.
Though the numbers are disappointing, it is important to note that inter-state poker liquidity has hardly begun. The reach of player sharing is still very restricted with only three participating states, and further limited with only one brand operating in all three states.
Meanwhile, online casino games continue to grow in the state. Year-to-date, casino gaming has earned $36 million more than the same period last year, or roughly two percent overall growth to reach $1.891 billion. In September, operators banked 7.7 percent more from online casino games.