(Credit: Photo courtesy of playnj.com)Atlantic City’s total poker market raked in $5.02 million of which online poker accounted for 40{c118e36310c7bc75bef8f724f80ee0a52cfaf44be22f7e80906142f4c81518da} while traditional land-based brick and mortar poker rooms contributed the rest.
According to the newest figures released by state casino gambling regulators this week, the $3.01 million generated by the Atlantic City’s live poker tables in July 2017 remained pretty much in line with the $3.02 million results from the same period last year, with the slight decline negated by the fact that there was one less poker room this time round thanks to the closure of the Trump Taj Mahal casino.
Online poker sector posted the same performance relative to their land-based counterpart as all the state’s regulated online poker combined for $2 million rakes during the month of July, down 0.2 percent from the $2.01 million accumulated the same month last year.
Overall, the poker industry year-to-year growth has remained stagnant for the past two years, a finding that may not make the state government happy, but at the very least shouldn’t make lawmakers too concerned thanks to no regression.
While the New Jersey’s poker action remained constant, other casino games have been working overtime, pulling in $18.6 million last month, an impressive 21 percent year-over-year increase. Even more remarkable, for other casino games that is, is the fact that PokerStars revealed its Q2 results which showed a 5.9{c118e36310c7bc75bef8f724f80ee0a52cfaf44be22f7e80906142f4c81518da} year-over-year decrease for its global poker market, while their combined real-money online casino and sports book revenues grew 50.2 percent.
The New Jersey’s online poker revenues are lower than many had anticipated, and PokerStars’ newest findings helped to paint a clearer picture of the new trend. Having acknowledged this, the state is working hard on expanding its online gambling market to include players from international jurisdictions, such as Pennsylvania, in a bid to boost its poker revenue.
Another potential boost could be expected from the newly launched MGM Resorts International branded online casino, one of the largest casino developers in the world, that went live earlier this month. It marks the first time the owners of the richest Atlantic City’s casino, Borgata, has ventured into the online gaming space. With both a land-based casino and now an online casino, MGM is looking to expand on its dominance over the Atlantic City’s gaming industry.
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