New Jersey state regulated online casinos have and are continually out-performing online poker rooms, according to a report called “U.S. Internet Gambling In Focus: 2014 and 2015.”
According to the Gambling Compliance, New Jersey iGaming revenue so far has come from four state regulated online casinos:
- Golden Nugget (run by Betfair), Borgata Casino (run by PartyPoker),and Tropicana (Virgin) collectively contributed to $2.5 million in revenue for casino gambling, according to the New Jersey Division of Gaming Enforcement and you can see all revenue results here at the January 2015 Gaming Revenue Results.
- Caesars (operated by 888 software) comes in second with $1.7 million in casino revenue.
- Golden Nugget and Tropicana’s online revenue (whom neither features poker games) have experienced over 750% and 200% growth, respectively – and you can see the year over year statistics here.
- Meanwhile, the overall monthly revenue for PartyPoker in online poker ($1.3 million) is about half of its online casino counterpart, while Caesars’s combined poker and casino revenue ($1 million vs. $1.7 million) is only more than half that of casino revenue.
Online Poker only vs Casino iGaming
This report illustrates an obvious fact — that regulating all online casino games would be much more lucrative for states considering iGaming than allowing just online poker.
Without shared liquidity among states, it’s simply difficult for states to grow their online poker win and player pools. Recently, California has considered a legislation that would only regulate online poker — although they are one of the few states with a population base that can actually support an online poker market. Clearly, the ceiling for revenue becomes considerably higher for states that are willing to offer casino games online, as well.
What’s next in 2015?
There are several things to watch for on the poker vs. casino disparity this year:
- Gambling Compliance notes that Online Gambling is a topic up for debate in “California, New York and Pennsylvania, which collectively account for roughly 22 percent of the U.S. population.” How these states handle the issue of iGaming could set the stage for the rest of the country.
- With no direction for change, the online poker industry is unlikely to grow anytime soon. And a joint effort between WSOP and 888 Casino in New Jersey hasn’t had a big impact. Liquidity shared between Nevada and New Jersey for online poker — which currently seems complacit, may experience movement in the future.
- PokerStars has a chance of entering the New Jersey market as soon as March, or at least sometime this year. The addition of the online poker behemoth could definitely have an impact on online poker growth.