New Jersey DGE Reports 28-Percent Increase in Internet Gaming Revenue in January
The New Jersey Division of Gaming Enforcement released Jan. 2014 gaming revenue results on Wednesday, and the internet gaming win totaled $9,461,057, a 28-percent increase from Dec. of 2013.
According to a press release from the DGE, 197,782 iGaming accounts were created from Nov. 21, 2013 – Jan. 31, 2014.
Leading the way for iGaming in the Garden State is Borgata Hotel Casino & Spa, which showed a $3.888 million online win in January. The only other company to show a seven-figure win was Caesars Interactive NJ ($3.029 million).
Caesars also showed the third-largest month-to-month growth rate from December, increasing their win by 49 percent.
| Company | iGaming Win | Growth Rate from December |
|---|---|---|
| Borgata | $3,888,519 | 16% |
| Caesars Interactive NJ | $3,029,193 | 49% |
| Trump Taj Mahal | $858,351 | 4% |
| Tropicana | $841,065 | 39% |
| Trump Plaza | $557,007 | 39% |
| Golden Nugget | $286,922 | 62% |
| Total | $9,461,057 | 28% |
Adam Krejcik, Managing Director of Digital and Interactive Gaming for Eilers Research, called the revenue increase a “slight disappointment” on Twitter:
NJ iGaming revenue for Jan-2014 = $9.5mm or +28% m/m...slight disappointment by our read
— Adam Krejcik (@akrejcik)
Prior to the press release from the DGE, Krejcik said that a $10-$12 million win would’ve been “in line.” Anything less than $10 million would’ve been disappointing, and anything larger than $12 million would’ve been good.
Overall, Atlantic City showed a 9.2 percent decline in casino win compared to January of 2013. The DGE states that casino win was impacted by the Jan. 12 closing of the Atlantic Club Casino Hotel.
Photo courtesy of AllAccess.com
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