New Jersey Division of Gaming Enforcement (NJDGE) on Thursday released April 2016 Gaming Revenue Results for the state. Online gaming revenues jumped almost 34% in comparison to the same month last year, whereas PokerStars asserted its dominance on the online poker market in the Garden State.
Online gaming results were better than April 2015 as well as than March 2016. The numbers show strong performance that reached $17 million or 34% better y-o-y and $1.5 million better than the month before. Moreover, April will also be remembered as the fourth month in a row of record-high profit generated by online gaming operators.
The largest share of the revenue comes from casino operators. This segment has improved for 34.4% to $14.4 million y-o-y. However, the most impressive results were reported for PokerStars’ performance; the site generated $2.6 million and pushed poker revenue up for 30.4%. However, this number was about $150,000 better than the one in March, 2016, during which the platform was live for only 10 days.
PokerStars is now officially the best performing poker site operating on New Jersey territory. Before the site entered the market, Borgata’s GVC Holding’s poker brand PartyPoker was leading; now, out of almost $4 million in online earnings, only $745,000 comes from poker. Similarly, Caesars Interactive Entertainment WSOP.com and 888.com poker brands scooped low $664,000, a number by one fifth lower than March, 2016.
Casino Hotels didn’t disappoint either. Their total reported win for the month was $215 million or 8.1% improved than last year when the revenue was lower $199 million. Casino Win in April 2016 was high $186.3 million, whereas Internet Gaming Win scooped $16.98 million.