Weekly US Online Gambling News Round-UpPublished February 19, 2016 by Elana K
New Jersey and Delaware post increases in revenue this January; California assemblyman seeks to pass online gambling bill that will pacify all parties.
New Jersey’s online gambling industry set a new record this year when January’s revenue reached $14.6 million, 26.5% more than the revenue from January 2015. This is the highest amount of earnings the industry has generated since it was legalized in November 2013.
New Jersey’s lofty numbers are even more impressive considering that their online poker market is not doing well. While online casino revenue grew by a total of 34.6%, online poker revenue decreased by 6.4%, reaching a total of only $2.15 million.
Breakdown of New Jersey Online Gambling Sites
Borgata Hotel Casino & Spa is leading the pack of New Jersey casinos. When compared with January 2015, Borgata’s online casino revenue saw a 36% increase, while their online poker revenue saw a decrease of 6%.
Caesars Interactive Entertainment also saw an increase in their casino revenue between January 2015 and January 2016, to the tune of 16%.
Tropicana saw a year-on-year increase, while the Golden Nugget’s revenue remained static and Resorts Digital Gaming, which didn’t exist in January 2015, saw a month-to-month increase between December 2015 and January 2016.
While Delaware’s online gambling market has always lagged behind New Jersey, this month they too saw a rather large increase in revenue - 44%. But like New Jersey, while their online casino revenue rises, their poker revenue is falling.
Online gambling has been in the hot seat in California for years already; this week showed some progress as key tribal gaming groups met, while additionally, a new draft of legislation was released. The new draft made amendments to California Assemblyman Adam Gray’s proposed bill which would offer state racetracks up to $60 million in annual payments in exchange for not being part of California’s regulated online poker market.
The bill requires ⅔ of the vote in order to pass; as of now, it is difficult to tell whether the bill will have a real chance at being passed or not.