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New Jersey DGE Reports 28-Percent Increase in Internet Gaming Revenue in January

New Jersey DGE Reports 28-Percent Increase in Internet Gaming Revenue in January 0001

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.

CompanyiGaming WinGrowth Rate from December
Caesars Interactive NJ$3,029,19349%
Trump Taj Mahal$858,3514%
Trump Plaza$557,00739%
Golden Nugget$286,92262%

Adam Krejcik, Managing Director of Digital and Interactive Gaming for Eilers Research, called the revenue increase a “slight disappointment” on Twitter:

Adam KrejcikNJ iGaming revenue for Jan-2014 = $9.5mm or +28% m/m...slight disappointment by our read

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.

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