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.