- The partnership of the Borgata and partypoker notched a more modest 6.5% increase.
- Ultimate Poker’s revenue was flat.
- Borgata/partypoker still accounts for more than half of the revenue generated from online poker in New Jersey.
The monthly internet gross revenue figures released by the New Jersey Division of Gaming Enforcement for the month of January show a sizeable increase in online poker revenue for Caesars Interactive Entertainment. Revenues from internet poker rose nearly 20% across the board with the Caesars/888 partnership accounting for the biggest increase at 42%.
The partnership of the Borgata and partypoker notched a more modest 6.5% increase, while Ultimate Poker’s revenue was flat. Borgata/partypoker still accounts for more than half of the revenue generated from online poker in New Jersey with over 53%, but Caesars/888 has increased its share by 7% up to 44%.
Overall internet gaming revenues were reported at $9.5 million, up 28% from the $7.4 million reported for December 2013. The DGE also reported that 197,782 igaming accounts have been created in the state since the soft launch began in late November 2013.
The 15% gross revenue tax on internet gaming generated $1.4 million for New Jersey in January with an additional $237,000 earmarked for the Casino Reinvestment Development Authority. Those numbers still fall short of the projected $160 million in tax revenues projected for the first year.
