New Jersey falls well short of i-gaming forecast for 2014

By David Cook
A total of $122.9m revenue has been generated in the first full year of legal online gambling in New Jersey.

But it has not proved to be as successful as was predicted, as state Governor Chris Christie forecast in 2013 that $1bn revenue would be generated by the following July.

Borgata, powered by online operator BwinParty, has contributed more than a third of the overall total for the year.

A bill was passed to legalise online casino and poker gambling in the state in 2011, providing that online operators partnered with a land-based firm, and the market opened in November 2013.

It became clear throughout the year that the state was to fall a long way short of Christie's projection, with the monthly revenue figure dropping below $10m in four separate months.

Revenue did increase in December however, as a total of $10.7m was reported, a 23% increase from the previous month.

A 63% year-on-year jump has been achieved for December, which could be put down to December 2013 being the first full month that regulated i-gaming was in operation in New Jersey.

Casino games have made up a large portion of the yearly revenue with $93.8m, as opposed to $29.1m from poker.

Borgata/BwinParty posted $44.3m for the year, made up of $29m from casino games and $15.3m from poker games, while Caesars accumulated $32.8m in total, with $19.5m and $13.3m being generated from casino and poker respectively.

The Tropicana secured $22.6m and the Nugget posted $10.8m.

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