Nj iGaming: Do Falling Profits Give Cause for Pause for Online’s Future in the Garden State?

Nj iGaming: Do Falling Profits Give Cause for Pause for Online’s Future in the Garden State?

New Jersey iGaming is struggling, despite initially projections that are dazzling hawaii’s Governor Chris Christie.

Is New Jersey iGaming in trouble? That’s the stressing question numerous people are now asking following the latest round of financial reports.

The first piece of news to rock the video gaming industry in the Garden State was that Atlantic City’s brick-and-mortar venues had suffered a year-on-year revenue drop.

Comparing 2014’s take to 2015’s figures, the resort town’s network of live casinos made $197.7 million in the former, compared to $191.6 million in the latter october.

This disparity represented a 3.1 % decrease and a prospective indication that the town isn’t that great regeneration many had hoped for.

Poker’s Poor Performance

Including to this disappointment had been the revelation that online poker additionally hit a stumbling block in October.

Looking particularly at those numbers, October 2015 was a month that returned 8 % more money than the state’s operators produced in September 2015 ($1,913,403 vs. $1,771,123).

Nonetheless, while this news was a confident, it had been tinged with another wave of disappointment after it became clear that the month that is latest of operation represented a 2.8 percent year-on-year drop.

In October 2014, nj’s collective of internet poker sites banked $1,967,905. In contrast, 2015’s combined revenue amounted to $1,913,403 octo Continue reading Nj iGaming: Do Falling Profits Give Cause for Pause for Online’s Future in the Garden State?