{"id":9167,"date":"2019-05-17T08:25:37","date_gmt":"2019-05-17T12:25:37","guid":{"rendered":"https:\/\/www.onlinepokeramerica.com\/news\/?p=9167"},"modified":"2019-06-10T17:21:12","modified_gmt":"2019-06-10T17:21:12","slug":"new-jersey-reports-dip-in-online-poker-revenue-in-april","status":"publish","type":"post","link":"https:\/\/www.onlinepokeramerica.com\/news\/new-jersey-reports-dip-in-online-poker-revenue-in-april\/","title":{"rendered":"New Jersey Reports Dip in Online Poker Revenue in April"},"content":{"rendered":"<p>For the first in a very long time, the New Jersey online gambling sector recorded a monthly decrease in revenue during the month of April. While it has become a norm with online poker, it is still quite unusual for online casinos to decrease from month to month \u2013 a substantial decrease is even harder to come by and this makes the dip in April quite a big deal. It is, however, worth noting that the year-over-year revenue numbers for online gaming in the Garden State were up substantially with the 59 percent increase reported being consistent with the upward trend of internet gaming revenue.<\/p>\n<p>As mentioned above, poker was, unfortunately, back to its year-over-year fall after a slight reprieve in the previous month. In March, online poker was able to claim a win with revenue growing by over 5 percent from February. This was quite significant since even the smallest wins are welcome since online poker is still struggling to stay both relevant and vital in the <a href=\"https:\/\/calvinayre.com\/2019\/05\/01\/business\/gan-revenue-record-new-jersey-online-casino-betting\/\" target=\"_blank\" rel=\"noopener noreferrer\">ever-growing online gaming market<\/a> in New Jersey.<\/p>\n<p>April turned out not to be so great with the revenue figure slumping again both on the monthly and the annual level \u2013 the monthly drop was even more drastic than the annual drop. Here is an overview of the online poker revenues that have raised all this concern:<\/p>\n<ul>\n<li>April 2019 online poker win: $1,667,977<\/li>\n<li>March 2019 online poker win: $1,903,790<\/li>\n<li>April 2018 online poker win: $1,761,404<\/li>\n<\/ul>\n<p>These translate to a <a href=\"https:\/\/www.prnewswire.com\/news-releases\/nj-online-gambling-revenues-decline-10-27-million-month-over-month-to-53-08-million-in-april-online-gross-gaming-win-300850232.html\" target=\"_blank\" rel=\"noopener noreferrer\">12.4 percent month-on-month decrease<\/a> and a 5.3 percent year-on-year decrease.<\/p>\n<h2 id=\"acceptable-overall-online-gaming-performance\">Acceptable Overall Online Gaming Performance<\/h2>\n<p>Even though the online poker vertical continued to wet-blanket the revenue number in the Garden State, the regulated online gambling market managed to scores its second-best month on record in April 2019.<\/p>\n<p>According to the official New Jersey Division of Gaming Enforcement (DGE) data, the state&#8217;s licensed online gambling operators generated close to $36.6 million in revenue last month. This represents an improvement of a whopping 59 percent over the same period in the last year. On the flip side, it also represents a decline of about $2.5 million from March.<\/p>\n<p>The growth rate continues to soar for the state&#8217;s internet casinos.\u00a0 As such, it is not very surprising that New Jersey is becoming increasingly pleased with its gaming industry \u2013 in fact, the state is even beginning to become more dependent on the online gaming vertical for the overall growth rate of gaming. This makes the case for why New Jersey is prepared to go to great lengths to <a href=\"https:\/\/www.onlinepokeramerica.com\/news\/new-jersey-threatens-lawsuit-over-new-wire-act-opinion\/\">fight for the industry<\/a>.<\/p>\n<h2 id=\"how-the-online-gambling-licensees-performed\">How the Online Gambling Licensees Performed<\/h2>\n<table width=\"720\">\n<thead>\n<tr>\n<td><strong>Online Casino Licensee<\/strong><\/td>\n<td><strong>2019 April Revenue<\/strong><\/td>\n<td><strong>2018 April Revenue<\/strong><\/td>\n<td><strong>% Change<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>Borgata<\/strong><\/td>\n<td>$5,463,153<\/td>\n<td>$4,591,300<\/td>\n<td>19%<\/td>\n<\/tr>\n<tr>\n<td><strong>Caesars<\/strong><\/td>\n<td>$4,579,094<\/td>\n<td>$3,508,82<\/td>\n<td>30.5%<\/td>\n<\/tr>\n<tr>\n<td><strong>Golden Nugget<\/strong><\/td>\n<td>$14,227,820<\/td>\n<td>$8,133,024<\/td>\n<td>64.4%<\/td>\n<\/tr>\n<tr>\n<td><strong>Hard Rock<\/strong><\/td>\n<td>$1,554,913<\/td>\n<td>&#8212;<\/td>\n<td>&#8212;<\/td>\n<\/tr>\n<tr>\n<td><strong>Ocean Resort<\/strong><\/td>\n<td>$308,409<\/td>\n<td>&#8212;<\/td>\n<td>&#8212;<\/td>\n<\/tr>\n<tr>\n<td><strong>Resorts<\/strong><\/td>\n<td>$7,137,480<\/td>\n<td>$3,612,726<\/td>\n<td>97.6%<\/td>\n<\/tr>\n<tr>\n<td><strong>Tropicana<\/strong><\/td>\n<td>$3,685,358<\/td>\n<td>$3,172,891<\/td>\n<td>16.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"For the first in a very long time, the New Jersey online gambling sector recorded a monthly decrease in revenue during the month of April. While it has become a norm with online poker, it is still quite unusual for online casinos to decrease from month to month \u2013 a substantial decrease is even harder [&hellip;]","protected":false},"author":9,"featured_media":9168,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[50,339,363,366,459],"class_list":["post-9167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","tag-atlantic-city","tag-new-jersey","tag-online-gambling","tag-online-poker","tag-revenue"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New Jersey Reports Dip in Online Poker Revenue in April - Online Poker America News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.onlinepokeramerica.com\/news\/new-jersey-reports-dip-in-online-poker-revenue-in-april\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Jersey Reports Dip in Online Poker Revenue in April - Online Poker America News\" \/>\n<meta property=\"og:description\" content=\"For the first in a very long time, the New Jersey online gambling sector recorded a monthly decrease in revenue during the month of April. While it has become a norm with online poker, it is still quite unusual for online casinos to decrease from month to month \u2013 a substantial decrease is even harder [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.onlinepokeramerica.com\/news\/new-jersey-reports-dip-in-online-poker-revenue-in-april\/\" \/>\n<meta property=\"og:site_name\" content=\"Online Poker America News\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Online-Poker-America-433297890180544\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-17T12:25:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-06-10T17:21:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.onlinepokeramerica.com\/news\/wp-content\/uploads\/sites\/2\/2019\/05\/online-poker-cash.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"767\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adam Mason\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@OnPokerAmerica\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adam Mason\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.onlinepokeramerica.com\\\/news\\\/new-jersey-reports-dip-in-online-poker-revenue-in-april\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.onlinepokeramerica.com\\\/news\\\/new-jersey-reports-dip-in-online-poker-revenue-in-april\\\/\"},\"author\":{\"name\":\"Adam Mason\",\"@id\":\"https:\\\/\\\/www.onlinepokeramerica.com\\\/news\\\/#\\\/schema\\\/person\\\/52391fd09fdbd57b7dfd1834d3bd045a\"},\"headline\":\"New Jersey Reports Dip in Online Poker Revenue in April\",\"datePublished\":\"2019-05-17T12:25:37+00:00\",\"dateModified\":\"2019-06-10T17:21:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.onlinepokeramerica.com\\\/news\\\/new-jersey-reports-dip-in-online-poker-revenue-in-april\\\/\"},\"wordCount\":449,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.onlinepokeramerica.com\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.onlinepokeramerica.com\\\/news\\\/new-jersey-reports-dip-in-online-poker-revenue-in-april\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.onlinepokeramerica.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2019\\\/05\\\/online-poker-cash.jpg\",\"keywords\":[\"Atlantic City\",\"new jersey\",\"online gambling\",\"online poker\",\"revenue\"],\"articleSection\":[\"Industry\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.onlinepokeramerica.com\\\/news\\\/new-jersey-reports-dip-in-online-poker-revenue-in-april\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.onlinepokeramerica.com\\\/news\\\/new-jersey-reports-dip-in-online-poker-revenue-in-april\\\/\",\"url\":\"https:\\\/\\\/www.onlinepokeramerica.com\\\/news\\\/new-jersey-reports-dip-in-online-poker-revenue-in-april\\\/\",\"name\":\"New Jersey Reports Dip in Online Poker Revenue in April - 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