{"id":28962,"date":"2015-05-16T08:08:36","date_gmt":"2015-05-16T15:08:36","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=28962"},"modified":"2015-05-16T08:08:36","modified_gmt":"2015-05-16T15:08:36","slug":"internet-gaming-revenues-up-in-new-jersey","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/internet-gaming-revenues-up-in-new-jersey\/","title":{"rendered":"Internet Gaming Revenues Up In New Jersey"},"content":{"rendered":"
\"Online
Internet gambling was up even as live gaming revenues fell for Atlantic City casinos. (Mel Evans\/AP)<\/figcaption><\/figure>\n

Online gambling in New Jersey got off to a slow start, leading some to wonder if state-by-state regulation of Internet gaming would ever bring in the type of revenues lawmakers had been hoping for.<\/p>\n

On the other hand, maybe we only needed to give the industry a little time to grow.<\/p>\n

The latest report by the New Jersey Division of Gaming Enforcement showed that Atlantic City\u2019s casinos took in $12.6 million through online gambling in April.<\/p>\n

That\u2019s an increase of more than 11 percent when compared to April 2014.<\/p>\n

Online Gambling Up Significantly So Far in 2015<\/b><\/h2>\n

That\u2019s part of a broader trend of growth in Internet gambling in New Jersey this year. Over the first four months of 2015, online gambling revenue is up 19 percent in the state, bringing in a total of $48 million for casinos.<\/p>\n

That added revenue helped save when would have looked like a pretty dismal month for Atlantic City\u2019s casinos. Overall, the eight surviving casinos saw revenues decline by about 3 percent in April: after accounting for both live and online play, they brought in a total of $198.9 million.<\/strong><\/p><\/blockquote>\n

Overall revenues for the city were actually down 16 percent year-over-year, but that\u2019s not a fair comparison, as three casinos that were open last April have since been shuttered.<\/p>\n

Officials also say that a run of good luck at Caesars Atlantic City last year made this year\u2019s numbers look shaky in comparison.<\/p>\n

\u201cDon\u2019t be thrown off by these results,\u201d said Matt Levinson, chairman of the New Jersey Casino Control Commission. \u201cWhen you look at the first four months of this year, revenues are still running 3.5 percent above last year\u2019s levels.\u201d<\/p>\n

Casinos Hope Consolidation Will Lead to Profits<\/b><\/h2>\n

That was the scenario the casino industry had hoped for after four Atlantic City<\/a> resorts closed last year. When overall revenues were likely to dip slightly with a third of the city\u2019s casinos shutting down, the remaining casinos were likely to see a larger piece of the remaining pie, hopefully making them profitable.<\/p>\n

Online gambling was also an important part of that plan. While the Internet casinos and poker rooms got off to a notoriously slow start, technical improvements and more acceptance from financial institutions has helped provide consistent growth for the industry.<\/p>\n

PokerStars Could Further Increase Growth<\/b><\/h2>\n

There\u2019s still the potential for major improvements in the online gambling sphere as well, as a major player could be jumping into the mix later this year.<\/p>\n

Amaya CEO David Baazov<\/a> commented earlier this year that PokerStars could launch in New Jersey sometime during the third quarter of 2015.<\/p>\n

That would likely cause a seismic shift in the New Jersey online poker landscape, as PokerStars is by far the largest online poker company in the world. The brand also has strong brand recognition and consumer trust in the United States, as it operated largely without incident in the country until \u201cBlack Friday,\u201d the shutdown of three major online poker sites in the USA that occurred on April 15, 2011.<\/p>\n

According to Amaya, PokerStars now represents about two-thirds of the entire worldwide online poker market. Because of the acquisition of the Rational Group (including PokerStars and Full Tilt), Amaya\u2019s revenues rocketed upwards by 2,549 percent year-over-year in the first quarter of 2015, with the company raking in C$340.1 million ($283.5 million).<\/p>\n","protected":false},"excerpt":{"rendered":"

Online gambling in New Jersey got off to a slow start, leading some to wonder if state-by-state regulation of Internet gaming would ever bring in the type of revenues lawmakers had been hoping for. On the other hand, maybe we only needed to give the industry a little time to grow. The latest report by […]<\/p>\n","protected":false},"author":42,"featured_media":28963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,19],"tags":[],"acf":[],"yoast_head":"\nInternet Gaming Revenues Up in New Jersey<\/title>\n<meta name=\"description\" content=\"Improving online gambling revenues helped rescue what otherwise could have been a very poor month for Atlantic City\u2019s eight remaining casinos.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Internet Gaming Revenues Up in New Jersey\" \/>\n<meta property=\"og:description\" content=\"Improving online gambling revenues helped rescue what otherwise could have been a very poor month for Atlantic City\u2019s eight remaining casinos.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/internet-gaming-revenues-up-in-new-jersey\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-16T15:08:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/05\/large_atlantic-city-skyline.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"453\" \/>\n\t<meta property=\"og:image:height\" content=\"267\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/internet-gaming-revenues-up-in-new-jersey\/\",\"url\":\"https:\/\/www.casino.org\/news\/internet-gaming-revenues-up-in-new-jersey\/\",\"name\":\"Internet Gaming Revenues Up in New Jersey\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/internet-gaming-revenues-up-in-new-jersey\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/internet-gaming-revenues-up-in-new-jersey\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/05\/large_atlantic-city-skyline.jpg\",\"datePublished\":\"2015-05-16T15:08:36+00:00\",\"dateModified\":\"2015-05-16T15:08:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Improving online gambling revenues helped rescue what otherwise could have been a very poor month for Atlantic City\u2019s eight remaining casinos.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/internet-gaming-revenues-up-in-new-jersey\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/internet-gaming-revenues-up-in-new-jersey\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/internet-gaming-revenues-up-in-new-jersey\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/05\/large_atlantic-city-skyline.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/05\/large_atlantic-city-skyline.jpg\",\"width\":453,\"height\":267,\"caption\":\"Internet gambling was up even as live gaming revenues fell for Atlantic City casinos. 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