NJ Online Poker Revenues for April Follow Seasonal Trends: Decline Over 19%
- November A Down Month For New Jersey Online Poker Dec 21
- New Jersey Online Poker Revenues Rebound in July Aug 14
- New Jersey Online Poker Revenues Continue Downward Trend in June Jul 14
- New Jersey Online Poker Revenues Drop Another 12 Percent in May Jun 12
- New Jersey Online Poker Revenues Rise in March Apr 14
New figures published by the New Jersey Division of Gaming Enforcement (NJDGE) show that online poker revenues for April 2014 reflect a well-established trend at the virtual tables.
Compared to March, overall revenues for online poker operators in the state fell 19.27%—or $618,824—to $2,591,839.
Taking into account the extra day for March, online poker revenues in the state were off 16.6% daily—down $17,175 to $86,395.
Ultimate Poker Loses Market Share
Ultimate Poker, which is partnered with the Trump Taj Mahal, saw its monthly Market Share drop from 3.12% in March to 1.9% in April—a 39% month-over-month decline. This coincides with the poker site’s 50.9% shortfall in revenues from $100,289 (March) to $49,252 (April).
The partnership of Borgata and partypoker picked up 2.52 Share points (a 4.9% monthly improvement) despite a 15.3% overall drop in online poker revenue for the month while the WSOP and 888 combo shed 1.28 Share points—a 2.8% month-over-month dip—that is in line with its 21.5% decrease in revenues compared to the month of March.
Online Gaming Accounts Up 10.6%
According to the New Jersey DGE, as of April 30, 322,423 Internet gaming accounts have been created, up 10.6% from the 291,625 accounts on March 31.
Although the numbers reinforce a yearly trend for online poker performance during warm-weather months, it will be interesting to see how industry insiders and news outlets react to the figures in upcoming days.