New Jersey releases the gross revenue numbers for its regulated online poker sites and NJ’s online casinos each month, generally about two weeks after the close of the month.
Notes: There was one more day in March 2017 than April 2017. April had ten weekend days, while March had eight; April of last year also had eight. The comparisons below are adjusted to account for one fewer day in April.
Revenue / month-over-month change (adj) / year-over-year change (adj)
Poker had a forgettable April, down 10 percent from March and almost 25 percent year over year. April 2016 was the first full month of PokerStars operation in the New Jersey market, so that helped provide a bounce a year ago. Still, the sizable dip YoY serves to point out that PokerStars hasn’t been able to expand the market for NJ online poker in a meaningful way.
Casino continued its staggering growth year over year. While April was not an improvement over March, that’s not really a bad thing. March, after all, was a record-setting month; April was just the second time revenue eclipsed $20 million, which appears to be the new floor for iGaming.
Overall, the losses from poker were offset by continued solid performance of casino. It’s not clear anything else can possibly serve to expand the market in a big way. But the market has surprised before. And an MGM-branded online casino is on the way.
In alphabetical order, by IGP holder:
Detailed numbers by operator / product (comparisons normalized for extra day in March vs. April):
April 2017 | March 2017, normalized to 30 days | Difference month over month (normalized) | April 2016 | Difference year over year | |
---|---|---|---|---|---|
Borgata poker | $597,571 | $629,696 | -5.10% | $745,819 | -19.88% |
Borgata casino | $3,615,538 | $3,583,775 | 0.89% | $3,237,320 | 11.68% |
Borgata overall | $4,213,109 | $4,213,471 | -0.01% | $3,983,139 | 5.77% |
Caesars poker | $577,168 | $670,622 | -13.94% | $664,189 | -13.10% |
Caesars casino | $2,939,321 | $2,379,234 | 23.54% | $2,493,681 | 17.87% |
Caesars overall | $3,516,489 | $3,049,856 | 15.30% | $3,157,870 | 11.36% |
Golden Nugget casino | $5,377,943 | $5,977,273 | -10.03% | $3,305,283 | 62.71% |
Resorts poker | $793,638 | $879,554 | -9.77% | $1,177,837 | -32.62% |
Resorts casino | $2,981,732 | $3,184,435 | -6.37% | $2,300,271 | 29.63% |
Resorts overall | $3,775,370 | $4,063,989 | -7.10% | $3,478,108 | 8.55% |
Trop casino | $3,939,115 | $3,739,377 | 5.34% | $3,056,349 | 28.88% |
Total poker | $1,968,377 | $2,179,872 | -9.70% | $2,587,845 | -23.94% |
Total casino | $18,853,649 | $18,864,094 | -0.06% | $14,392,904 | 30.99% |
Total overall | $20,822,026 | $21,043,965 | -1.05% | $16,980,749 | 22.62% |