New Jersey online casino revenue rose more than 23% in November 2024 vs. November 2021, but online poker gross gaming revenue (GGR) declined nearly 3% during that same timeframe. This time next year, poker players may flip the script, though. Because PokerStars is beginning the multi-state integration that may pique interest in the game.
On Friday, the New Jersey Division of Gaming Enforcement (DGE) released November’s revenue report detailing $146 million in GGR generated by New Jersey online casino and poker players.
More than $144 million of that revenue came from online casino gambling in November. A little over $2.1 million in GGR resulted from the state’s poker rooms. That’s down from November 2021’s $2.2 million.
Michigan Players Are Entering the Game
@PokerStarsUSA reaffirmed its plan to integrate Michigan and New Jersey PokerStars apps.
On Dec. 14, the account tweeted:
The last two days we were updating our software to bring more games, bigger prize pools & guarantees in poker tournaments so New Jersey and Michigan poker players can compete against one another in the near future. – ZB
On Dec. 12 and 13, the PokerStars site was down for maintenance in both states so that the operator could offer the first site to integrate Michigan poker players. That state entered the Multi-State Internet Gaming Agreement (MSIGA) in April.
Players will be notified when the integration is complete, PokerStars tweeted.
WSOP Will Have More Competition
WSOP already allows New Jersey online poker players to play the game with contenders in Delaware and Nevada, but the app doesn’t yet include Michiganders. However, WSOP‘s obvious advantage is its connection to the land-based World Series of Poker, because online players can vie for a WSOP Gold Bracelet or WSOP Circuit Ring.
DGE figures show that so far in 2024, the Caesars Interactive Entertainment New Jersey license saw $9.9 million in GGR, a 10% year-over-year decrease from $11 million in GGR.
It appears as though WSOP dominates the New Jersey online poker market, with that $9.9 million out of the sector’s $25 million year-to-date GGR. However, WSOP is on the Caesars license along with a much smaller site, 888poker. Together, they own 39% of the online poker marketplace. (Meanwhile, the $25 million total is down 8.6% from the comparable 2021 timeframe’s $28 million.)
In November, Caesars’ online poker GGR was $765,978. That’s a 22% decrease from October’s $1 million.
By contrast, PokerStars is the only online poker site on the Resorts Casino Hotel license, which has 25% of the online poker market share. That’s $6.8 million in revenue so far this year, compared with $7.5 million at this time in 2021. It’s a 9% decline.
That means the November online poker revenue on the Resorts license shows PokerStars generating $569,752, a 9.7% increase from October’s $536,757. However, November 2024’s revenue is a 6.2% slide from November 2021’s $607,415 in GGR.
Meanwhile, Borgata Hotel Casino and Spa has, by far, the largest number of online poker sites on its license:
- BetMGM Poker
- Borgata Poker
- PalaPoker
- PartyPoker
So far during 2024, those brands generated $8.5 million in GGR – a 6.7% drop since the same time in 2021, when the Borgata license saw $9.2 million in online poker revenue.
Comparing month-over-month figures, though, the Borgata sites represent a success story: Up 20% in November, bringing in $797,799 vs. October’s $687,084.
New Jersey Online Casino Revenue Grew
New Jersey online casino revenue is, of course, the iGaming workhorse.
As of November 2024, online casino GGR of $1.5 billion already surpasses revenue for all of 2021 by $149 million. November’s $1.5 billion is also a 23% spike over the total from the same time last year – $1.2 billion.
Adding in online poker’s $25 million, New Jersey’s iGaming revenue so far in 2024 still rounds out to $1.5 billion.
In November:
- Online casino and poker revenue combined in November to keep Borgata at No. 1, with $44 million in GGR. BetMGM accounted for more than $42 million of that total.
- Golden Nugget Hotel Casino and Marina was the No. 2 license in GGR, at $38 million. (FanDuel and Stardust Casino are on this license, and amount to $20 million of the revenue.)
- Resorts brought in $37 million. DraftKings accounted for $28 million of the GGR.
GGR from other licenses in November is:
- Bally’s Atlantic City Hotel and Casino, $4.8 million
- Caesars, $8.1 million
- Hard Rock Hotel and Casino Atlantic City, $5 million
- Ocean Casino Resort, $3.4 million
- Tropicana Atlantic City, $5.5 million
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