The Division of Gaming Enforcement, New Jersey’s regulator, has published the latest results about the online gaming and poker industry in November 2019.
NJ Posts Poker and gaming Results for November
The New Jersey Division of Gaming Enforcement (NJDGE) has published the latest results of the gaming industry in the Garden States spanning the period between November 1 and November 30, 2019.
Poker operators managed to amass $1,492,494 last month, with Caesars Interactive generating the bulk of the revenue. Caesars’ success is largely thanks to the brand’s association with 888poker/WSOP.com which are considered some of the most respected names in the industry.
In November, Caesars posted $681,677 in total gross gaming revenue followed by PokerStars with $480,020. The rear was brought up by Borgata and Party Poker, which managed to amass $393,797 in total revenue.
Overall, the month was considered rather slow for all parties involved, even though results weren’t dispiriting. The majority of events usually take place during the summer around the time of the World Series of Poker, and late December, when end-of-year competitions are hosted.
Revenue Falls Year-over-Year
Revenue plunged 4.4 percent year-over-year. In November 2018, card rooms in the state scooped up $1,561,639 in total proceedings. So far, the poker industry has been rather moribund and not even the promise of Pennsylvania bringing some fresh numbers into the U.S. player pool has made any change.
Players seem to have withdrawn to offshore card rooms instead, participating in weekly tournaments dishing out millions’ worth of cash. Numbers haven’t been too bad for the online casino industry, though, with operators generating $47,645, 412.
In fact, online gaming went up the tremendous 87.7% year-over-year, comparing November 2018 with last month’s results. Not surprisingly, sports betting numbers remained strong once again and the revenue hit $32,895,546.
A Tough Road Ahead for Online Poker in the US
The only recent positive development in the poker landscape in the United States has been the legalization of online poker in Michigan, which will take a fair while to set up. With the promise of yet another state joining the activity, players could be galvanized into action and play in the U.S. networks.
However, this is still highly questionable. For starters, card rooms are struggling to attract enough players to maintain a healthy player base around the clock and allow participants to grind low-stake games.
The offshore industry, on the other hand, offers action pretty much around the clock.