PartyPoker/Borgata Take 45% of New Jersey’s First Online Gaming Revenues
The New Jersey PartyPoker/Borgata partnership has managed to secure 45% of the revenues from newly regulated online gaming, according to Tuesday’s report from the Division of Gaming Enforcement.
Listed simply as Borgata, the partnership’s figures for “Internet Gaming Win” are reported at $3.75m. Caesars Interactive—partnered with 888poker—is in the runner up spot with $2.38m. The figures are totals backdated to the soft launch on November 21.
The news is not unexpected, as cash game traffic numbers have consistently put the Bogata/PartyPoker network in the lead, closely trailed by WSOP NJ and All American (NJ), both part of the Caesars group.
The bricks and mortar figures for the Borgata show a “Casino Win” of $44m in December, so the internet license is generating around 7.5% as much as the land based casino after seven weeks of operation.
|Operator/Online Provider (figures in $m)||December||Since Nov 25|
|Trump Taj Mahal/Ultimate Gaming||0.835||0.883|
The 15% gaming tax imposed in New Jersey has generated $1.26m in revenues for the state. An additional 2.5% of gross internet revenues—so far, $209k—goes to the Casino Reinvestment Development Authority.